Novanta (Novanta) Order Backlog for Technology (USD Mil) : 473.10 (As of Dec. 2023)

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What is Novanta Order Backlog for Technology (USD Mil)?

Backlog of orders refers to the quantity and combined monetary value of the products which have been ordered by customers but which have not shipped yet.

Novanta's Order Backlog for Technology (USD Mil) for the quarter that ended in Dec. 2023 was 473.10 , which lower from pervious quarter (Dec. 2022)'s result by 22.65%.

Novanta's Order Backlog for Technology (USD Mil) for the annual that ended in Dec. 2023 was 473.10 , which lower from pervious year (Dec. 2022)'s result by 22.65%.

The historical rank and industry rank for Novanta's Order Backlog for Technology (USD Mil) or its related term are showing as below:

NOVT's Order Backlog for Technology (USD Mil) is not ranked ^*
in the Hardware industry.
Industry Median:
* Ranked among companies with meaningful Order Backlog for Technology (USD Mil) only.

Novanta Order Backlog for Technology (USD Mil) Historical Data

The historical data trend for Novanta's Order Backlog for Technology (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Novanta Order Backlog for Technology (USD Mil) Chart

Novanta Annual Data

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Order Backlog for Technology (USD Mil)

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NovantaQuarterly Data

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Competitive Comparison of Novanta's Order Backlog for Technology (USD Mil)

For the Scientific & Technical Instruments subindustry, Novanta's Order Backlog for Technology (USD Mil), along with its competitors' market caps and Order Backlog for Technology (USD Mil) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Novanta (NAS:NOVT) Order Backlog for Technology (USD Mil) Explanation

The term backlog refers to a buildup of work that has not yet been completed by the company. The presence of a backlog can have positive or negative implications. For example, a rising backlog of product orders might indicate rising sales. On the other hand, companies generally want to avoid having a backlog as it could cause (or be a result of) increasing inefficiency in the production process. Likewise, a falling backlog might be a sign of lagging demand but could also be a result of improving production efficiency. Naturally, unexpected backlogs can compromise forecasts and production schedules.

Novanta Order Backlog for Technology (USD Mil) Related Terms

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Novanta (Novanta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Novanta Inc (NAS:NOVT) » Definitions » Order Backlog for Technology (USD Mil)

Comparable Companies

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NOVT:Mexico

Address

125 Middlesex Turnpike, Bedford, MA, USA, 01730

Website

https://www.novanta.com

Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: photonics, vision, and precision motion. The photonics segment, which sells photonics-based products that include carbon dioxide lasers, laser scanning, super-resolution imaging lasers, and laser beam delivery items. The vision segment sells medical-grade technologies, including visualization solutions, imaging informatics products, and thermal printers contributing the majority of revenue. The precision motion segment sells optical encoders, motion control technology, and precision machined components. The firm generates the majority of its revenue from the United States and Europe.

Executives

Robert Buckley	officer: Chief Financial Officer	C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730-1409
Matthijs Glastra	officer: Group President,Laser Products	C/O GSI GROUP CORPORATION, 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Brian S Young	officer: Executive VP, Human Resources	C/O 25 CORPORATE DRIVE, BURLINGTON MA 01803
Thomas N Secor	director	GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Barbara B. Hulit	director	C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203
Michele Davis Welsh	officer: General Counsel	C/O NOVANTA INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Solomon Darlene J. S.	director	6070 PARKLAND BLVD., MAYFIELD HTS. OH 44124
Peter L Chang	officer: Vice President-Corp Controller	C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Frank Anders Wilson	director	C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Katherine Ann Owen	director	2825 AIRVIEW BLVD., KALAMAZOO MI 49002
Maxine Lum Mauricio	director	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP INC., NORWALK CT 06851
Stephen W Bershad	director	66 ARROYO HONDO TRAIL, SANTA FE NM 87508
Deborah Disanzo	director	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Lonny J Carpenter	director	2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Brian Douglas King	director	C/O NOVANTA INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730