TSX:ATS - Post Discussion
ATS Corp
> David Burrows - BNN - TOP PICK
Post by
Possibleidiot01 on Feb 27, 2023 2:08pm
David Burrows - BNN - TOP PICK
ATS Corp. (ATS TSX) ATS Corporation is a compelling industrial company that focuses on automated manufacturing systems in three key segments; life sciences, transportation and consumer goods. The company has been increasing its exposure to electric vehicles within its transportation segment and has recently announced numerous contract wins with one key North American auto manufacturer. We believe ATS will benefit from the theme of “reshoring,” the return of manufacturing to domestic markets, as well as increased automation within supply chains as companies look for ways to mitigate risks that became evident during the pandemic. ATS also has the ability to expand its EV business with further contract wins with other global auto manufacturers. The company’s management team has been in place for the last six years and has continued to gain creditability within the market due to strong operational excellence and successful execution on strategic mergers and acquisition opportunities. The company’s backlog currently sits at a record high, providing strong revenue visibility for next six quarters.
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