Novanta Inc. has reported its financial results for the second quarter, showcasing a solid performance that aligns with or surpasses expectations in terms of revenue, margins, and profitability. The company achieved a 10% growth in bookings and recorded a book-to-bill ratio of 1.02, indicating a strengthening market outlook. The Advanced industrial business segment experienced mid-teens revenue growth, reflecting robust customer demand. For the full year 2025, Novanta projects GAAP revenue to be in the range of $970 million to $985 million. Furthermore, the company anticipates Adjusted EBITDA to range between $225 million and $230 million, with Adjusted Diluted EPS expected to be between $3.22 and $3.36. Looking ahead to the third quarter of 2025, Novanta expects GAAP revenue to be approximately $244 million to $247 million. The company forecasts Adjusted EBITDA to be within the range of $57 million to $60 million and Adjusted Diluted EPS to be between $0.78 and $0.85. These projections assume no significant changes in foreign exchange rates. Novanta's ongoing strategic focus includes leveraging its innovation pipeline and maintaining operational discipline to drive continued revenue and profit growth in the coming quarters.