Q1 2025 ATS Corp Earnings Call Transcript
Key Points
- ATS Corp (ATS) reported its second highest bookings quarter in company history, with order bookings reaching $817 million, up 18% year-over-year.
- The life sciences backlog reached $990 million, the highest in ATS history, marking a 26% increase compared to Q1 last year.
- The acquisition of Paxiom is expected to create further opportunities in multiple end market verticals, particularly in food and beverage.
- ATS Corp (ATS) launched a service experience center in Cambridge, enhancing real-time asset monitoring and support capabilities.
- The company continues to see strong demand for its digital offerings, including AI-based predictive maintenance solutions, which improve productivity and energy management.
- Q1 revenues were $694 million, down 8% from the previous year, primarily due to lower transportation revenues.
- The transportation backlog decreased, and the company announced plans to realign its EV businesses, reflecting expectations for EV to be a smaller portion of its overall business.
- Q1 adjusted earnings from operations were $86 million, down 16% from the previous year, due to lower revenues.
- The company is experiencing cost increases on some material costs, despite improvements in supply chain lead times.
- ATS Corp (ATS) expects lower revenues in Q2, particularly in the transportation business, which will negatively impact margins.
Hello, everyone, and welcome to the ATS Corporation first-quarter conference call and webcast. This call is being recorded on August 8, 2024 at 8:30 AM Eastern time. Following the presentation, we will conduct a question and answer session. I will now turn the call over to David Galison, Head of Investor Relations at ATS. Please go ahead.
Thank you, operator, and good morning, everyone. On the call today are Andrew Hider, Chief Executive Officer of ATS; and Ryan McLeod, Chief Financial Officer. Please note that our remarks today are accompanied by a slide deck, which can be viewed via our webcast and available at atsautomation.com.
We caution that the statements made on our webcast and conference call may contain forward-looking information and our cautionary statement regarding such information, including the material factors that could cause actual results to differ materially from the statements and the material factors or assumptions applied in making the statements are detailed on slide 2 of the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
