Nova .(US:NVMI) Prnewswireยท2025-02-13 12:30Core Viewpoint - Nova reported record financial results for Q4 and FY 2024, exceeding guidance in both revenue and profitability, indicating strong market performance and growth potential for 2025 [4][11]. Financial Performance Fourth Quarter 2024 Highlights - Total revenues reached $194.8 million, a 9% increase from Q3 2024 and a 45% increase year-over-year [5][11]. - GAAP net income was $50.5 million, or $1.58 per diluted share, up 32% year-over-year [7][11]. - Non-GAAP net income was $62.3 million, or $1.94 per diluted share, up 43% year-over-year [8][11]. - Gross margin was 56.4%, slightly down from 56.6% in Q3 2024 but up from 55.1% in Q4 2023 [6][11]. Full Year 2024 Highlights - Total revenues for 2024 were $672.4 million, a 30% increase compared to $517.9 million in 2023 [9][11]. - GAAP net income for the year was $183.8 million, or $5.75 per diluted share, up 34% year-over-year [9][11]. - Non-GAAP net income was $214.9 million, or $6.69 per diluted share, up 38% year-over-year [10][11]. - Gross margin for the year was 57.6%, compared to 56.6% in 2023 [9][11]. Management Insights - Management highlighted multiple achievements across product lines, strategic penetrations into leading manufacturers, and a growing market share as key drivers for continued growth in 2025 [4]. Future Outlook - For Q1 2025, management expects revenues between $205 million and $215 million, with GAAP diluted EPS projected between $1.75 and $1.91, and non-GAAP diluted EPS between $2.00 and $2.16 [12][29].