Welcome to our dedicated page for ATS news (Ticker: ATS), a resource for investors and traders seeking the latest updates and insights on ATS stock.
ATS Corporation reports developments in automation systems and services for multinational manufacturers. The company designs and builds custom automation, repeat automation, automation products, and value-added solutions including pre-automation planning and after-sales support for customers in life sciences, transportation, food and beverage, consumer products, electronics, and energy.
Recurring ATS news includes quarterly financial results, order bookings, service momentum, capital allocation actions such as normal course issuer bids, executive leadership changes, and participation in industrials and transportation investor conferences. Updates also describe the ATS Business Model, operating execution, working-capital discipline, and balance-sheet priorities tied to its global automation platform.
ATS Corporation (TSX and NYSE: ATS) reported its Q1 fiscal 2026 results with mixed performance. Revenue increased 6.1% to $736.7 million, driven by a 4.1% contribution from acquisitions and 3.2% from foreign exchange impacts. However, net income declined to $24.3 million ($0.25 per share) from $35.3 million ($0.36 per share) year-over-year.
The company announced a leadership transition, with CEO Andrew Hider stepping down and CFO Ryan McLeod assuming the role of Interim CEO. Order Bookings decreased 15.2% to $693 million, while Order Backlog grew 9.9% to $2,068 million. By market segment, life sciences revenues increased 15.3%, food & beverage grew 43.1%, and consumer products rose 41.8%, while transportation revenues declined 58.8%.
For Q2 fiscal 2026, management expects revenues between $700 million to $740 million, supported by a strong order backlog and continued focus on margin expansion initiatives.
ATS Corporation (TSX: ATS) (NYSE: ATS) has announced key upcoming investor events. The company will release its first quarter fiscal 2025 results on Thursday, August 07, 2025, before markets open.
A conference call and webcast will be held at 8:30 a.m. Eastern on the same day, featuring management's remarks and an analyst Q&A session. Additionally, ATS will host its Annual Meeting of Shareholders virtually at 10:30 a.m. Eastern on August 7, 2025.
Baxter International (NYSE:BAX) has appointed Andrew Hider as its new President and CEO, effective no later than September 3, 2025. Hider, who will also join Baxter's board of directors, comes from ATS Corporation where he served as CEO since 2017.
Under Hider's leadership at ATS, the company achieved significant growth with adjusted revenues nearly doubling over five years, maintaining a low-to-mid teens CAGR. The company's stock price more than tripled on the TSX during his tenure. Brent Shafer, who has served as interim CEO since February 2025, will transition to the role of independent chair of the Baxter Board.
ATS Corporation (NYSE: ATS) announced that CEO Andrew Hider will step down by the end of August 2025 to pursue a new leadership opportunity outside the automation industry. CFO Ryan McLeod, who has nearly two decades of experience at ATS, will serve as interim CEO while the Board conducts a search for a permanent replacement.
During his eight-year tenure, Hider led ATS through significant growth and implemented the ATS Business Model. The company confirmed that its outlook for the current fiscal quarter and fiscal year remains unchanged. The announcement comes ahead of the company's Annual General Meeting on August 7th, 2025, where Mike Martino is expected to be elected as the new Board Chair.
ATS Corporation (TSX: ATS) (NYSE: ATS) announced its participation in the upcoming Stifel 2025 Cross Sector Insight Conference in Boston, MA on June 3, 2025. The company's top executives, CEO Andrew Hider and CFO Ryan McLeod, will be present at the conference to host meetings with institutional investors. Interested institutional investors can arrange meetings through their Stifel representative or by contacting the provided email.
ATS (TSX and NYSE: ATS) has announced its participation in the upcoming RBC Capital Markets Canadian Industrials Conference in Toronto on May 15, 2025. Ryan McLeod, the company's Chief Financial Officer, will represent ATS at the conference.
The event will provide an opportunity for institutional investors to engage with ATS management through scheduled meetings. Interested parties can arrange meetings through their RBC Capital Markets representative or by contacting the provided email address.
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.