Novanta reports 11.9% Q2 growth in Automation Enabling Technologies
Novanta reported double-digit second-quarter growth in its Automation Enabling Technologies segment alongside faster growth in segment gross profit.
Evidence notes
- Automation Enabling Technologies revenue increased 11.9% year on year to $136.2 million.
- Segment gross profit increased 23.0% to $71.6 million.
- The segment contains Novanta motion, vision and automation technologies supplied to robotics and advanced-equipment manufacturers.
Company context
Novanta supplies photonics, vision and precision motion technologies for medical, life-science and advanced industrial OEMs, including surgical robotics and factory automation applications.