What trends show in NOVT's 2024 EPS?

Novanta's 2024 EPS shows a positive trend with significant growth compared to the previous year, reflecting the company's strong financial performance and strategic initiatives.

1. **Significant Growth in EPS**: Novanta reported a GAAP diluted EPS of $1.77 for the full year 2024, which is a notable increase from the $1.63 reported in the same period the previous year.
2. **Quarterly Performance**: The company's EPS grew to $0.76 for the fourth quarter of 2024, surpassing the Zacks Consensus Estimate of $0.71 and representing a 21% year-over-year increase.
3. **Organic and Inorganic Growth Contributions**: The growth in EPS can be attributed to both organic and inorganic growth drivers. Organic revenue grew by 3% year-over-year, while acquisitions contributed 9.4% to the full-year revenue growth. This diversified growth strategy has positively impacted the company's profitability.
4. **Strategic Initiatives**: Novanta's launch of new products and focus on operational efficiency likely contributed to the improved EPS. The company reported 50 new product launches in 2024, with plans for even more in 2025, indicating a strong innovation pipeline. Additionally, the company's adjusted gross margin expanded by 125 basis points in Q4 and 120 basis points for the full year, suggesting improved profitability margins.

In conclusion, Novanta's 2024 EPS reflects robust growth driven by both organic and inorganic factors, underscoring the company's strategic direction and operational effectiveness.