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 (ATS) is an automation solutions provider whose news flow reflects developments across life sciences, transportation, food and beverage, consumer products, and energy markets. As a company listed on both the Toronto Stock Exchange and the New York Stock Exchange, ATS regularly issues press releases and Form 6-K filings that cover financial performance, leadership updates, capital allocation decisions and investor outreach.
News about ATS often includes quarterly financial results, where the company discusses revenues, net income, adjusted EBITDA and order bookings, as well as order backlog levels and trends by market. These updates provide insight into activity in areas such as pharmaceuticals, radiopharmaceuticals, medical devices, food and beverage processing, consumer products, transportation projects including electric vehicle battery assembly, and energy projects like nuclear refurbishment and grid battery storage.
Investors can also expect leadership and governance announcements, including information on CEO appointments, interim leadership arrangements and Board-driven search processes. In addition, ATS issues news on capital markets activity, such as normal course issuer bids on the TSX that authorize repurchases and cancellations of common shares as part of its capital structure strategy.
Another recurring theme in ATS news is investor relations events. The company frequently announces participation in global industrials, transportation and materials conferences hosted by financial institutions, where its executives meet with institutional investors and present the company’s automation capabilities and market exposure.
By following ATS news, readers can monitor how the company describes its project funnel, order backlog, margin initiatives and value creation strategy across its target markets. The ATS news feed on this page aggregates these updates so users can review financial releases, conference participation notices, share repurchase announcements and other disclosures in one place.
ATS (TSX: ATS) (NYSE: ATS) announced that CEO Andrew Hider and CFO Ryan McLeod will participate in the Stifel 2024 Cross Sector Insight Conference in Boston, MA on June 4, 2024. ATS is scheduled for a fireside chat at 9:10 a.m. (ET), which will be webcast live with a replay available for 90 days on their Investor Relations site. Additionally, management will host institutional investor meetings during the conference.
ATS (TSX: ATS) will participate in Deutsche Bank's 15th Annual Global Industrials, Materials & Building Products Conference in New York on June 5, 2024. CFO Ryan McLeod will represent ATS, hosting a fireside chat at 9:20 a.m. ET. The event will be webcast live on ATS's Investor Relations website, with a replay accessible for 180 days. Additionally, ATS management will conduct institutional investor meetings during the conference, which can be scheduled through Deutsche Bank or ATS contacts.
ATS reported its financial results for Q4 and fiscal 2024. Key figures include an 8.3% increase in Q4 revenues to $791.5 million, a 63.9% rise in net income to $48.5 million, and a 7.3% increase in order bookings to $791 million. Fiscal 2024 highlights show a 17.7% rise in revenues to $3,032.9 million and a 52.1% increase in net income to $194.2 million. However, adjusted EBITDA for the quarter decreased by 2.0% to $115.8 million. The company also announced acquisitions, including Paxiom Group and IT.ACA. Despite setbacks in the EV market, ATS expects growth in life sciences and other markets, supported by a strong order backlog of $1,793 million.
ATS (TSX: ATS, NYSE: ATS) has announced a definitive agreement to acquire Paxiom Group, a provider of packaging machines for the food and beverage, cannabis, and pharmaceutical industries. Paxiom, headquartered in Montreal, Quebec, includes companies like WeighPack Systems, EndFlex, Valtara, and Kang-Di, with operations in Canada, the US, Italy, and China. The acquisition will enhance ATS' product offerings and expand its footprint in regulated markets. For the year ending December 31, 2023, Paxiom generated $67 million in revenue with an adjusted EBITDA margin above 19%. The transaction, whose financial terms were not disclosed, is expected to close in Q3 2024 and will be funded through cash and ATS' revolving credit facility.
ATS (TSX: ATS) (NYSE: ATS) announced that Ryan McLeod, Chief Financial Officer, will participate in TD Cowen’s 2nd Annual Sustainability Conference on May 22, 2024. ATS will host a fireside chat and institutional investor meetings at the event. A webcast link will be available for the live event and a replay for 90 days.
ATS (TSX: ATS) (NYSE: ATS) will host its fourth-quarter earnings call on May 16, 2024, where it will report financial results for the quarter ended March 31, 2024. The call will include management's remarks, a Q&A session with analysts, and can be accessed via webcast or telephone.
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