ATS Corp T.ATS

Alternate Symbol(s): ATS

Industrials

ATS Corporation is an automation solutions provider. It uses its knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions, including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets, such as life sciences, transportation, food and beverage, consumer products, and energy. It engages with customers on both greenfield programs, such as equipping new factories, and brownfield programs, including capacity expansions, production relocations, equipment upgrades, software upgrades, efficiency improvements and factory optimizations. It offers post-automation services. It offers artificial intelligence and machine-learning-based tools for industrial production. It designs and manufactures automated water purification solutions. It also manufactures lab equipment for the life sciences and pharmaceutical industries.

TSX:ATS - Post by User

ATS Corp > Another View

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Comment by retiredcfon Jun 20, 2022 10:15am

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Post# 34768582

RE:Another View

retiredcf wrote:
Q: The Market seems to like these results but I would appreciate your opinion of this quarter.

ATA reported very strong earnings; Sales were up 51% to $603M (versus estimates of $563M). EPS was $0.64 up from $0.34 and beating estimates of $0.47. Bookings rose 38% and the backlog rose 24% to $1.44B. Considering supply chain issues and covid, these are very good numbers.

Provided by the team at 5iResearch last Thursday. GLTA

Following this, they just initiated a new report this weekend and here's their summary. GLTA

ATS Automation Tooling Systems is involved with planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems. It generates over $2 billion in annual revenue and has acquired 12 businesses over the past three years. We believe that the company is poised to benefit from companies looking to navigate supply chain risks and seeking relief from inflation and labour cost savings through automation. We like the company's fundamentals and its long-term prospects, and feel that this can see tailwinds from the current economic environment.

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