ATS Stock Price, News & Analysis

ATS (TSX and NYSE: ATS) has announced its participation in the upcoming J.P. Morgan Industrials Conference in New York City on March 11, 2025. CEO Andrew Hider and CFO Ryan McLeod will represent the company, hosting a fireside chat at 09:45 a.m. (ET).

The event will be accessible via webcast on the company's Investor Relations website, with a replay available for 30 days following the presentation. Additionally, management will conduct institutional investor meetings during the conference, which can be arranged through J.P. Morgan representatives or by contacting ATS directly.

ATS reported its Q3 fiscal 2025 results with revenues of $652.0 million, down 13.3% from $752.0 million year-over-year. Net income decreased significantly to $6.5 million (7 cents per share) from $47.2 million (48 cents per share) in the previous year.

Key highlights include Order Bookings of $883 million, up 32.2% year-over-year, and Order Backlog of $2,060 million, an 8.0% increase. The company's performance was impacted by reduced demand in the North American EV market, though partially offset by growth in life sciences and food & beverage sectors.

Recent acquisitions include Paxiom Group for $146.4 million and Heidolph Instruments for $45.1 million. The company expects Q4 fiscal 2025 revenues between $650-710 million, with continued impact from lower transportation revenues on margins until reorganization actions are fully implemented.

ATS (TSX and NYSE: ATS) has announced its participation in the Raymond James 46th Annual Institutional Investors Conference in Orlando, FL on March 5, 2025. CEO Andrew Hider and CFO Ryan McLeod will represent the company at the event.

The company will conduct a fireside chat at 9:50 a.m. (ET), which will be accessible via webcast on ATS's Investor Relations website. The webcast recording will remain available for 360 days following the event. Additionally, management will be available for institutional investor meetings, which can be arranged through Raymond James representatives or by contacting the provided email.

ATS (TSX: ATS) (NYSE: ATS) has announced it will release its third quarter financial results for the period ended December 29, 2024, before markets open on Wednesday, February 5, 2025. The company will host a conference call and webcast at 8:30 a.m. Eastern on the same day, featuring management's quarterly remarks and an analyst Q&A session.

Investors can access the webcast at the provided link or join the conference call by dialing (888) 660-6652 with reference number 8782510. A replay will be available on the ATS website, and a telephone recording will be accessible until February 12, 2025, by dialing (800) 770-2030 with passcode 8782510.

ATS (TSX and NYSE: ATS) has announced its participation in the upcoming Barclays Industrials Select Conference in Miami, FL, scheduled for February 20, 2025. The company will be represented by Andrew Hider, Chief Executive Officer, and Ryan McLeod, Chief Financial Officer.

During the conference, the management team will be available for institutional investor meetings. Interested parties can arrange meetings through their Barclays representative or by contacting the provided email address.

ATS (TSX and NYSE: ATS) has announced its participation in the upcoming Citi Global Industrial Tech and Mobility Conference in Miami, FL on February 19, 2025. Chief Executive Officer Andrew Hider and Chief Financial Officer Ryan McLeod will represent the company.

The executives will participate in a fireside chat scheduled for 3:30 p.m. (ET). The event will be accessible via webcast on the company's Investor Relations website, with the recording remaining available for 365 days afterward. Additionally, management will be conducting institutional investor meetings during the conference, which can be arranged through Citi representatives or by contacting dgalison@atsautomation.com.

ATS has successfully completed its previously announced private placement offering of C$200 million in senior unsecured notes with a 6.50% interest rate, due August 21, 2032. These notes are fungible with the company's existing $400 million senior unsecured notes issued on August 21, 2024, sharing identical terms. The company plans to use the net proceeds to pay outstanding amounts on its revolving credit line under its senior syndicated credit facility.

The offering was led by National Bank Financial Inc. and RBC Dominion Securities Inc., along with several other financial institutions. The notes were offered privately in Canada and to qualified institutional buyers in the United States under Rule 144A.

ATS (TSX and NYSE: ATS) has announced an upsized reopening offering of $200 million aggregate principal amount of 6.50% senior unsecured notes due 2032, increased from the initial target of $150 million. The notes will be issued at 100.625% of face value with a yield to call of 6.341%. These notes will be fungible with the previously issued $400 million senior unsecured notes from August 21, 2024.

The company plans to use the net proceeds to pay outstanding amounts under its revolving credit line. The offering is expected to close around December 19, 2024, subject to customary conditions. The notes are being offered privately in Canada and to qualified institutional buyers in the US under Rule 144A.

ATS (TSX: ATS) (NYSE: ATS) has published its FY2024 Sustainability Report, titled 'Future in Focus,' marking the company's fifth annual sustainability publication. The report, covering the period ending March 31, 2024, details the company's ongoing sustainability initiatives and progress. The comprehensive document is now accessible on the ATS website, offering stakeholders insights into the company's environmental, social, and governance practices.