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ATS(ATS) - 2021 Q4 - Earnings Call Transcript
2021-05-20 18:20
Start Time: 08:30 January 1, 0000 9:21 AM ET ATS Automation Tooling Systems Inc. (ATSAF) Q4 2021 Earnings Conference Call May 20, 2021, 08:30 AM ET Company Participants Andrew Hider - CEO Ryan McLeod - CFO Shereen Zahawi - Director of IR Conference Call Participants Cherilyn Radbourne - TD Securities Mark Neville - Scotiabank Justin Keywood - Stifel David Ocampo - Cormark Securities Maxim Sytchev - National Bank Operator Good morning, ladies and gentlemen. Welcome to the ATS Automation Fourth Quarter Confe ...
ATS(ATS) - 2021 Q3 - Earnings Call Transcript
2021-02-03 19:55
ATS Automation Tooling Systems Inc. (ATSAF) Q3 2021 Earnings Conference Call February 3, 2021 10:00 AM ET Company Participants Shereen Zahawi – Director of Investor Relations Andrew Hider – Chief Executive Officer Ryan McLeod – Chief Financial Officer Conference Call Participants Cherilyn Radbourne – TD Securities Mark Neville – Scotiabank Maxim Sytchev – National Bank Financial Justin Keywood – Stifel GMP Mac Whale – Cormark Securities Operator Good morning, ladies and gentlemen. Welcome to the ATS Automat ...
ATS(ATS) - 2021 Q2 - Earnings Call Transcript
2020-11-05 05:13
ATS Automation Tooling Systems Inc. (ATSAF) Q2 2021 Earnings Conference Call November 4, 2020 10:00 AM ET Company Participants Stewart McCuaig - Vice President, General Counsel Andrew Hider - Chief Executive Officer Ryan McLeod - Chief Financial Officer Conference Call Participants Mark Neville - Scotiabank Justin Keywood - Stifel GMP Mac Whale - Cormark Securities Maxim Sytchev - National Bank Operator Good morning, ladies and gentlemen. Welcome to the ATS Automation Second Quarter Conference Call and Webc ...
ATS(ATS) - 2020 Q4 - Earnings Call Transcript
2020-05-27 18:38
Financial Data and Key Metrics Changes - Revenues for fiscal 2020 increased by 14% to $1.4 billion, with Q4 revenues of $382 million, up 10% year-over-year [8][22] - Adjusted EBIT margin for the year was 11%, slightly down due to inefficiencies from a reorganization plan [8][21] - Order bookings for the year were $1.5 billion, up 4% year-over-year, with Q4 bookings of $365 million, up 19% year-over-year [9][23] - Q4 adjusted earnings from operations were $38.3 million, down from $44.4 million in the previous year [29] Business Line Data and Key Metrics Changes - Life sciences represented 54% of revenues last year, with robust activity primarily related to COVID-19 responses [10] - After sales services bookings increased by double digits for the year, although Q4 service revenues were down due to customer plant closures [12][21] - The EV sector faced challenges with customer shutdowns and cash preservation efforts, impacting capital investment plans [11] Market Data and Key Metrics Changes - Life sciences market remains strong, with expectations for continued long-term growth despite some interruptions [10] - Transportation order activity is expected to decline, impacting fiscal 2021 revenues [23] - Energy sector, particularly nuclear, continues to see activity, although some projects may be delayed [11] Company Strategy and Development Direction - The company completed a reorganization plan to improve operations and drive margin expansion [13][21] - Focus on innovation and continuous improvement through the ABM (ATS Business Model) to adapt to changing environments [15][76] - Emphasis on maintaining financial strength and liquidity to navigate economic uncertainty [18][32] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the economic uncertainty caused by the COVID-19 pandemic, impacting customer order activity [10][19] - The company is positioned to support customers as they return to work and seek efficiency through automation [19] - Management expects some delays in life sciences but anticipates a quick recovery [71] Other Important Information - The company has taken measures to preserve cash and liquidity, including drawing $250 million from its credit facility [31] - Three acquisitions were completed in fiscal 2020, contributing approximately $8 million in revenue in Q4 [21][18] - The company is focused on digital service offerings to enhance customer support during the pandemic [12] Q&A Session Summary Question: Comparison of business operations and customer order flow from April to May - Management noted that customers are facing challenges but have maintained communication to ensure support and delivery [35][36] Question: Details on the program put on hold in the transportation sector - A transportation program worth approximately $30 million has been put on hold, but management expects it to continue in the future [40] Question: Clarification on the $65 million COVID-19 test kit contract - The contract will be accounted for in Q1 bookings and revenue recognition, with expected revenue split across Q1 and Q2 [48] Question: Differentiation between medical devices and pharma clients - Medical devices have not seen a slowdown, while pharma operations have continued as essential [55][56] Question: Risk mitigation strategies for the COVID-19 contract - Management acknowledged the risks but emphasized that the team is on track and on budget for the $65 million order [60][61] Question: Potential for additional restructuring - Management is monitoring leading indicators to determine if further restructuring is necessary [65] Question: Impact of life sciences on transportation revenue - Life sciences may offset some transportation declines, but overall market conditions remain challenging [68][70]
ATS(ATS) - 2020 Q3 - Earnings Call Transcript
2020-02-05 19:40
ATS Automation Tooling Systems Inc. (ATSAF) Q3 2020 Results Earnings Conference Call February 5, 2020 10:00 AM ET Company Participants Stewart McCuaig - Vice President, General Counsel Andrew Hider - Chief Executive Officer Maria Perrella - Chief Financial Officer Conference Call Participants Mark Neville - Scotiabank Cherilyn Radbourne - TD Securities Justin Keywood - Stifel GMP Maxim Sytchev - National Bank Financial Operator Good morning, ladies and gentlemen. Welcome to the ATS Automation Third Quarter ...
ATS(ATS) - 2020 Q2 - Earnings Call Transcript
2019-11-09 10:11
ATS Automation Tooling Systems Inc. (ATSAF) Q2 2020 Earnings Conference Call November 6, 2019 10:30 AM ET Company Participants Stewart McCuaig – Vice President-General Counsel Andrew Hider – Chief Executive Officer Maria Perrella – Chief Financial Officer Conference Call Participants Cherilyn Radbourne – TD Securities Mark Neville – Scotiabank Justin Keywood – GMP Securities Maxim Sytchev – National Bank Financial Operator Good morning, ladies and gentlemen. Welcome to the ATS Automation Second Quarter Conf ...
ATS(ATS) - 2020 Q1 - Earnings Call Transcript
2019-08-14 17:45
ATS Automation Tooling Systems Inc. (ATSAF) Q1 2020 Earnings Conference Call August 14, 2019 10:00 AM ET Company Participants Stewart McCuaig - VP, General Counsel Andrew Hider - CEO Maria Perrella - CFO Conference Call Participants Cherilyn Radbourne - TD Securities Justin Keywood - JMP Securities Maxim Sytchev - National Bank Financial Operator Good morning, ladies and gentlemen. Welcome to the ATS Automation First Quarter Conference Call and Webcast. I would like to remind you that this call is being rec ...
ATS(ATS) - 2019 Q4 - Earnings Call Transcript
2019-05-16 20:22
ATS Automation Tooling Systems Inc. (ATSAF) Q4 2019 Earnings Conference Call May 16, 2019 10:00 AM ET Company Participants Stewart McCuaig - Vice President, General Counsel Andrew Hider - Chief Executive Officer Maria Perrella - Chief Financial Officer Conference Call Participants Mark Neville - Scotiabank Cherilyn Radbourne - TD Securities Justin Keywood - JMP Securities Maxim Sytchev - National Bank Financial Robert Caldwell - Richardson GMP Operator Good morning, ladies and gentlemen. Welcome to the ATS ...