Novanta (NOVT) - 2024 Q1 - Quarterly Results

Exhibit 99.1 FOR IMMEDIATE RELEASE May 7, 2024 Novanta Announces Financial Results for the First Quarter 2024 • First Quarter 2024 GAAP Revenue of $231 million • First Quarter 2024 GAAP Net Income of $15 million • First Quarter 2024 GAAP Diluted Earnings Per Share of $0.41 • First Quarter 2024 Adjusted Earnings Per Share of $0.74 • First Quarter 2024 Adjusted EBITDA of $50 million BEDFORD, Mass., May 7, 2024 -- Novanta Inc. (Nasdaq: NOVT) (“Novanta” or the “Company”), a trusted technology partner to medical ...