Financial Performance - Revenues for Q4 2024 increased 8.3% year over year to $791.5 million, with a year-to-date revenue increase of 17.7% to $3,032.9 million[3][4]. - Net income for Q4 2024 was $48.5 million, a 63.9% increase from $29.6 million in Q4 2023, while year-to-date net income rose 52.1% to $194.2 million[3][4]. - Adjusted EBITDA for Q4 2024 was $115.8 million, a 2.0% decrease from $118.2 million a year ago, with year-to-date adjusted EBITDA increasing 17.3% to $470.6 million[3][4]. - Total revenues for fiscal 2024 were reported at $3,032.9 million, a 17.6% increase from $2,577.4 million in fiscal 2023[59]. - Adjusted EBITDA for fiscal 2024 was $470.6 million, compared to $401.2 million in fiscal 2023, reflecting a year-over-year increase of approximately 17.3%[39]. - Net income for the fiscal year 2024 was $194.2 million, a significant increase of 52.1% from $127.7 million in fiscal 2023[59]. - Earnings from operations for Q4 2024 were $74.8 million, up from $51.9 million in Q4 2023, representing a year-over-year increase of approximately 43%[38]. - The company reported a basic EPS of $0.49 for Q4 2024, compared to $0.32 for Q4 2023, representing an increase of 53.1%[44]. - Earnings per share attributable to shareholders increased to $1.98 for fiscal 2024, up from $1.39 in fiscal 2023, representing a growth of 42.4%[59]. Order Bookings and Backlog - Order Bookings for Q4 2024 were $791 million, a 7.3% increase year over year, while year-to-date Order Bookings totaled $2,891 million, down 11.2% from the previous year[3][4][16]. - Order Backlog at the end of Q4 2024 was $1,793 million, a decrease of 16.7% compared to $2,153 million at the end of Q4 2023[6][18]. - The Order Backlog stands at $1,793 million, with an expected revenue conversion rate of 36% to 40% in Q1 fiscal 2025[22]. - Approximately $200 million of Order Backlog related to an EV customer was delayed, with a reduction of $50 million in the fourth quarter due to scope changes[22]. - Total order backlog as of March 31, 2024, is $1,793 million, down from $2,153 million in the previous year, representing a decrease of 16.7%[40]. - Total order bookings for the fiscal year 2024 amount to $2,891 million, a decline of 11.2% from $3,256 million in fiscal year 2023[41]. Acquisitions and Strategic Focus - The company announced the acquisition of Paxiom Group, expected to close in Q3 2024, enhancing its packaging solutions portfolio[7]. - The company acquired IT.ACA on January 1, 2024, strengthening its automation system integration capabilities in southern Europe[8]. - The company aims to achieve organic revenue growth and identify strategic acquisition opportunities to access attractive end-markets[23]. - The company anticipates future growth through organic expansion and acquisitions, with a focus on emerging markets and digitalization capabilities[69]. Market Trends and Challenges - The life sciences market remains strong, with expected revenues from GLP-1 drugs projected to become a high single-digit percentage of total revenues in the coming years[19]. - Customers are exercising caution in investment and spending, but underlying trends such as rising labor costs and production reshoring remain favorable for the company's solutions[21]. - The company is focused on clean energy applications, including solutions for nuclear power plant refurbishment and grid battery storage[20][21]. - There are concerns regarding the impact of macroeconomic factors such as inflation, supply chain disruptions, and interest rate changes on the company's operations[70]. - The company acknowledges risks related to customer concentration and potential impacts from regional or global conflicts on market performance[71]. - The company is facing challenges in securing labor and materials, which may affect its ability to expand operations organically or through acquisitions[71]. - There is uncertainty regarding the conversion of sales funnel to order bookings due to competitive factors and customer needs[72]. - The company is monitoring the potential impact of changes in accounting standards on its financial statements[73]. Financial Position and Cash Flow - Cash and cash equivalents increased to $170.2 million as of March 31, 2024, compared to $159.9 million in the previous year, representing a growth of 8.1%[50]. - Free cash flow for Q4 2024 was $(16.3) million, a decrease from $47.9 million in Q4 2023, reflecting a decline of 134.0%[51]. - Cash flows provided by operating activities decreased significantly to $20,780 from $127,800, a decline of 83.8%[61]. - Cash flows used in investing activities increased to $(341,785) from $(109,022), representing a rise of 213.5%[61]. - Cash flows provided by financing activities surged to $330,724 from $4,882, an increase of 6,635.5%[61]. - The company reported cash income taxes paid of $49,511, down from $58,398, a decrease of 15.9%[61]. - The company’s total bank indebtedness decreased to $(1,527) from $3,399, indicating improved financial leverage[61]. - The net debt to adjusted EBITDA ratio improved to 2.4x as of March 31, 2024, down from 2.7x in the previous year[50]. - The company reported a debt-to-equity ratio of 0.79:1 as of March 31, 2024, improved from 1.18:1 in the previous year[55]. - The company’s long-term debt stood at $1,171.8 million as of March 31, 2024, slightly up from $1,155.7 million in the previous year[50]. - Non-cash working capital as a percentage of trailing six-month revenues increased to 19.0% as of March 31, 2024, compared to 10.1% in the previous year[49]. - Non-cash working capital levels as a percentage of revenues may fluctuate due to timing and nature of order bookings and payment terms[72].

ATS Corporation (NYSE:ATS) Q4 2024 Earnings Conference Call May 16, 2024 8:30 AM ET Company Participants David Galison - Head of Investor Relations Andrew Hider - Chief Executive Officer Ryan McLeod - Chief Financial Officer Conference Call Participants David Ocampo - Cormark Securities Michael Doumet - Scotiabank Joe Ritchie - Goldman Sachs Michael Glen - Raymond James Justin Keywood - Stifel Patrick Baumann - JPMorgan Maxim Sytchev - National Bank Financial Cherilyn Radbourne - TD Securities Operator Welc ...

ATS (ATS) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.07%. A quarter ago, it was expected that this automation services provider would post earnings of $0.48 per share when it actually produced earnings of $0.48, delivering no surprise.Over the last four quarters, the company h ...

THOUSAND OAKS, Calif., May 15, 2024 /PRNewswire/ -- Amgen (NASDAQ:AMGN) will host a webcasted call for the investment community at 1:00 p.m. PT on Monday, May 20, 2024 following the presentation of new data from TEZSPIRE® in chronic obstructive pulmonary disease (COPD) at the American Thoracic Society (ATS) International Conference on May 19 and 20, 2024. The presentation will also include an overview of additional programs from Amgen's innovative inflammation portfolio. Jay Bradner, executive vice presiden ...

Group 1 - ATS Corporation will participate in the Raymond James 45th Annual Institutional Investors Conference on March 6, 2024, with CEO Andrew Hider and CFO Ryan McLeod attending [1] - A fireside chat is scheduled for 11:00 a.m. (ET) during the conference, and a live webcast will be available on the Investor Relations site [1] - Management will also hold institutional investor meetings at the conference, which can be arranged through Raymond James representatives [1] Group 2 - ATS Corporation is a leading automation solutions provider, serving various industries including life sciences, transportation, food & beverage, consumer products, and energy [2] - The company was founded in 1978 and employs over 7,000 people across more than 65 manufacturing facilities and over 85 offices globally [2] - ATS's common shares are traded on the Toronto Stock Exchange and NYSE under the symbol ATS [2]

Group 1 - ATS Corporation will participate in the Barclays Industrials Select Conference in Miami, FL on February 22, 2024, with CEO Andrew Hider and CFO Ryan McLeod attending [1] - Management will host institutional investor meetings at the Conference, which can be arranged through Barclays representatives [1] Group 2 - ATS Corporation is a leading automation solutions provider, serving many successful global companies [2] - The company specializes in custom automation, repeat automation, automation products, and value-added solutions, including pre-automation and after-sales services [2] - ATS operates in various markets such as life sciences, transportation, food & beverage, consumer products, and energy [2] - Founded in 1978, ATS employs over 7,000 people across more than 65 manufacturing facilities and over 85 offices worldwide [2] - The company's shares are traded on the Toronto Stock Exchange and NYSE under the symbol ATS [2]

Group 1 - ATS Corporation will participate in the Citi Global Industrial Tech and Mobility Conference on February 21, 2024, with CEO Andrew Hider and CFO Ryan McLeod attending [1] - A fireside chat is scheduled for 10:30 a.m. (ET) during the conference, and a webcast link will be available on the Investor Relations site [1] - Management will also host institutional investor meetings at the conference, which can be arranged through Citi representatives or by contacting ATS directly [1] Group 2 - ATS Corporation is a leading automation solutions provider, serving many successful global companies [2] - The company specializes in custom automation, repeat automation, and value-added solutions across various sectors, including life sciences, transportation, food & beverage, consumer products, and energy [2] - Founded in 1978, ATS employs over 7,000 people and operates more than 65 manufacturing facilities and over 85 offices worldwide [2]

ATS Corporation (NYSE:ATS) Q3 2024 Earnings Conference Call February 7, 2024 8:30 AM ET Company Participants David Galison - Head of Investor Relations Andrew Hider - Chief Executive Officer Ryan McLeod - Chief Financial Officer Conference Call Participants Patrick Sullivan - TD Cowen David Ocampo - Cormark Securities Inc. Michael Doumet - Scotiabank Patrick Baumann - JPMorgan Chase & Co. Michael Glen - Raymond James & Associates, Inc. Justin Keywood - Stifel GMP Maxim Sytchev - National Bank Financial Saba ...

Financial Performance - Q3 2024 revenues increased by approximately 16% year-over-year to $752 million[8, 11] - Q3 2024 adjusted earnings from operations increased by approximately 17% year-over-year to $1012 million, with a 135% adjusted earnings from operations margin, up 13 bps year-over-year[8, 11] - Q3 2024 EBITDA increased by $298 million to $1137 million, a 355% increase year-over-year[11] - Q3 2024 adjusted EBITDA increased by $186 million to $1193 million, a 185% increase year-over-year[11] - Q3 2024 net income increased by $18 million to $472 million, a 616% increase year-over-year[11] - Q3 2024 basic earnings per share increased by $016 to $048, a 50% increase year-over-year[11] - Q3 2024 adjusted basic earnings per share increased by $009 to $065, a 161% increase year-over-year[11] Order and Backlog - Q3 2024 order bookings decreased by approximately 32% year-over-year to $668 million, which included $221 million USD EV Order Bookings (approximately $3002 million CAD)[8] - Order backlog of $1907 million provides good revenue visibility[8] - Estimated Q4 F24 order backlog-to-revenue conversion is 36% to 39%[11, 13] Market Outlook - Life Sciences order backlog is $875 million, with a strong funnel focused on strategic areas[9] - Transportation order backlog is $564 million, including approximately $200 million on delayed projects, with strong funnel and long-term fundamentals[9]

ATS (ATS) came out with quarterly earnings of $0.48 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this automation services provider would post earnings of $0.48 per share when it actually produced earnings of $0.46, delivering a surprise of -4.17%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.ATS, which belongs to t ...