Novanta Q4 Earnings Call Highlights

While management highlighted strong revenue and earnings growth, Glastra said fourth-quarter margins and cash flow came in below expectations set on the third-quarter call due to a deliberate operational choice. As the quarter progressed, Novanta prioritized customer deliveries over the pace of regional manufacturing transfers , which led to temporary dual running costs and elevated inventory.By end market, Buckley said medical represented 53% of total sales in both the quarter and the full year, with advan ...