Novanta (NOVT) - 2024 Q2 - Quarterly Results

Exhibit 99.1 FOR IMMEDIATE RELEASE August 6, 2024 Novanta Announces Financial Results for the Second Quarter 2024 • Second Quarter 2024 GAAP Revenue of $236 million • Second Quarter 2024 GAAP Net Income of $13.8 million • Second Quarter 2024 GAAP Diluted Earnings Per Share of $0.38 • Second Quarter 2024 Adjusted Earnings Per Share of $0.73 • Second Quarter 2024 Adjusted EBITDA of $51 million BEDFORD, Mass., August 6, 2024 -- Novanta Inc. (Nasdaq: NOVT) ("Novanta" or the "Company"), a trusted technology part ...