ATS Stock Price, News & Analysis

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.

ATS (TSX: ATS) (NYSE: ATS) has successfully completed its acquisition of Heidolph Instruments GmbH & Co. KG and Hans Heidolph GmbH, collectively known as Heidolph. This acquisition, initially announced on August 7, 2024, involves the purchase of all material assets from Heidolph, a leading manufacturer of premium lab equipment for the life sciences and pharmaceutical industries. The completion of this acquisition marks a significant step for ATS in expanding its presence in the life sciences and pharmaceutical sectors, potentially enhancing its product portfolio and market position.

ATS (TSX: ATS) (NYSE: ATS) has successfully closed its previously announced private placement offering of C$400 million aggregate principal amount of 6.50% senior unsecured notes due August 21, 2032. The company intends to use the net proceeds to pay outstanding amounts owed under the revolving line of credit available under its senior syndicated credit facility.

The offering was underwritten by a syndicate led by National Bank Financial Inc. and RBC Dominion Securities Inc. The notes were offered for sale in Canada to accredited investors on a private placement basis and in the United States to qualified institutional buyers only, pursuant to Rule 144A of the U.S. Securities Act.

ATS (TSX: ATS) (NYSE: ATS) has announced its participation in the 2024 RBC Capital Markets Global Industrials Conference in Las Vegas, NV on September 24, 2024. CEO Andrew Hider and CFO Ryan McLeod will represent the company at the event.

Key points:

• ATS will host a break-out session on Tuesday, September 24, 2024, at 10:00 a.m. PT
• Management will be available for institutional investor meetings
• Investors can arrange meetings through RBC Capital Markets representatives or by contacting dgalison@atsautomation.com

This conference provides an opportunity for ATS to engage with investors and showcase its position in the industrial automation sector.

ATS (TSX: ATS) (NYSE: ATS) has announced its participation in the upcoming Jefferies Industrials Conference in New York City on September 5, 2024. The company's CEO, Andrew Hider, and CFO, Ryan McLeod, will be present at the event. ATS is scheduled to host a fireside chat at 2:30 p.m. (ET).

A live webcast of the event will be available on the company's Investor Relations site, with a replay accessible for 180 days. Additionally, ATS management will be hosting institutional investor meetings during the conference. Interested parties can arrange meetings through their Jefferies representative or by contacting dgalison@atsautomation.com.

ATS (TSX and NYSE: ATS) has announced the pricing of its upsized $400 million senior unsecured notes offering, increased from the initial $300 million. The notes, due in 2032, will have a 6.50% interest rate, payable semi-annually. They will be issued at C$1,000 per C$1,000 principal amount.

The offering is a private placement in Canada and is being sold in the US to qualified institutional buyers under Rule 144A. ATS plans to use the net proceeds to pay outstanding amounts on its revolving credit line. The closing is expected around August 21, 2024, subject to customary conditions.

ATS (TSX: ATS) (NYSE: ATS) announced the election of directors at its virtual Annual Meeting of Shareholders on August 9, 2024. All nominee directors listed in the management information circular dated June 17, 2024, were elected. The voting results show strong support for most nominees, with Philip B. Whitehead receiving the highest approval at 99.80%. Sharon C. Pel received the lowest approval at 70.93%. The meeting saw 86.69% of ATS common shares represented. Voting was conducted electronically, and final results will be filed on SEDAR+ and EDGAR.

ATS reported its Q1 fiscal 2025 results, showing a 7.9% decrease in revenues to $694.3 million and a 26% decline in net income to $35.3 million compared to the previous year. Despite these declines, the company achieved its second-highest Order Bookings at $817 million, an 18.4% increase year-over-year. The Order Backlog stood at $1,882 million, providing good revenue visibility for fiscal 2025. ATS is focusing on expanding its presence in regulated markets like food and beverage and life sciences, with recent acquisitions including Avidity and Paxiom. The company is also taking action to align its cost structure in the transportation sector due to lower demand in the Electric Vehicle space.

ATS (TSX: ATS) (NYSE: ATS) has announced a definitive agreement to acquire Heidolph, a leading manufacturer of premium lab equipment for life sciences and pharmaceutical industries. Heidolph, founded in 1938 and based in Germany, generated revenues of approximately €50 million in its fiscal year ended March 31, 2024, with gross margins accretive to ATS' current margins. The acquisition will strengthen ATS' Life Sciences business, expanding its product range and global presence. Heidolph employs over 200 people across facilities in Germany, the US, South Korea, and China. The transaction is expected to close in the third calendar quarter of 2024, with ATS funding the purchase through cash and its revolving credit facility.