Q: Hi, Any comments on the results ? Thanks
5i Research Answer:
ATS beat consensus analyst estimates on consolidated revenue by +3% coming in at $736M (+25% year-over-year). Revenue rose 25%. Organic growth was positively displayed up +16.4% in the quarter, driven by Transportation with an increase from EV contract revenue. Adjusted EPS was 63c vs 64c estimated. EBITDA of $148M was 30% better than estimates. Order backlog further grew +12% year-over-year to $2.02B. Results look good and investors have responded (it had been weak going into the quarter). We continue to like ATS for investors with a long-term time horizon.