ATS Stock Price, News & Analysis

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.

ATS (TSX and NYSE: ATS) has announced a new Normal Course Issuer Bid (NCIB) approved by the Toronto Stock Exchange. The company can purchase and cancel up to 8,259,180 common shares, representing 10% of its public float of 82,591,806 shares. The NCIB will run from December 16, 2024, to December 15, 2025.

Daily purchases will be to 65,819 shares, except where block purchase exemptions apply. The company views this share buyback as part of its capital structure strategy and complementary to acquisition growth plans. Under its previous 2023 NCIB, ATS repurchased and cancelled 1,021,187 shares at an average price of $44.07 per share.

ATS reported mixed Q2 fiscal 2025 results with revenues declining 16.7% to $612.8 million. The company posted a net loss of $0.9 million compared to net income of $50.7 million a year ago. Key metrics showed significant declines: basic EPS fell to -$0.01 from $0.51, while adjusted EBITDA decreased to $78.3 million from $116.2 million. Order Bookings remained flat at $742 million, while Order Backlog stood at $1,824 million. The decline was primarily attributed to lower transportation revenues due to reduced North American electric vehicle production investments. The company completed strategic acquisitions of Paxiom and Heidolph during the quarter, expanding its packaging and life sciences capabilities.

ATS (TSX and NYSE: ATS) announced its participation in the UBS Global Industrials and Transportation Conference in Manalapan, FL on December 04, 2024. CEO Andrew Hider and CFO Ryan McLeod will host a fireside chat at 8:00 a.m. (ET).

The event will be accessible via webcast on the company's Investor Relations website, with replay available for 180 days. Institutional investors can arrange meetings through UBS representatives or by contacting ATS directly.

ATS (TSX: ATS) (NYSE: ATS) has announced it will release its second quarter financial results for the period ended September 29, 2024, before markets open on Wednesday, November 6, 2024. The company will host a conference call and webcast at 8:30 a.m. Eastern time to discuss management's quarterly remarks, followed by an analyst Q&A session. Investors can access the webcast online or join the conference call by phone. A replay will be available on the ATS website and via telephone until November 13, 2024.

ATS (TSX: ATS) (NYSE: ATS) has announced its participation in the Scotiabank Transportation & Industrials Conference in Toronto on November 13, 2024. Andrew Hider, CEO, and Ryan McLeod, CFO, will represent the company at the event.

Key points:

• ATS will host a fireside chat at 2:00 p.m. (ET)
• A live webcast will be available on the company's Investor Relations site
• The webcast replay will be accessible for 90 days
• Management will conduct institutional investor meetings at the conference

Interested parties can arrange meetings through their Scotiabank representative or by contacting dgalison@atsautomation.com.

ATS (TSX: ATS) (NYSE: ATS) has announced its participation in the Baird 2024 Global Industrial Conference in Chicago on November 12, 2024. The company's Chief Executive Officer, Andrew Hider, and Chief Financial Officer, Ryan McLeod, will be attending the event.

During the conference, ATS management will be available for institutional investor meetings. Interested parties can arrange these meetings by contacting their Baird representative or by emailing dgalison@atsautomation.com.

This participation provides an opportunity for ATS to engage with investors and showcase its position in the industrial automation sector. The Baird Global Industrial Conference is a significant event that brings together industry leaders and investors to discuss trends and opportunities in the industrial sector.

ATS (TSX: ATS) (NYSE: ATS) has announced its participation in the Morgan Stanley 12th Annual Laguna Conference on September 11, 2024, in Dana Point, CA. CEO Andrew Hider and CFO Ryan McLeod will represent the company at this event. They will be available for institutional investor meetings, which can be arranged through Morgan Stanley representatives or by contacting dgalison@atsautomation.com.

This conference provides ATS with an opportunity to engage with investors and showcase its business strategies and performance. The company's presence at such a high-profile event underscores its commitment to maintaining strong relationships with the investment community and keeping stakeholders informed about its progress and future plans.