Can I have your thoughts on the recent earnings report;
Tks Ron
ATS reported a good first quarter of F2024. Revenue of $753.6 million rose 23.4% year-over-year beating expectations of $722.3 million. The company reported a solid organic growth of 15.4% year-over-year. Adjusted EBITDA of $119.2 million rose 28.9% year-over-year beating estimates of $114.1 million. Adjusted EPS came in at $0.69 vs street consensus of $0.65. First quarter F2024 bookings dropped 6.3% year-over-year, while the backlog grew 30.1% year-over-year and dropped 6% quarter-over-quarter. Activity remains strong in Life Sciences, Food & Beverage, Consumer Products, and Energy segments. The transportation segment is to be driven by opportunities related to EVs. We would view this to be a good quarter.