Q: Thoughts on latest quarter for ATS please?
Thank you
Thank you
5i Research Answer:
EPS of 65c beat estimates of 63.5c; revenue $752M beat estimates by 3%. EBITDA $119M beat by 4%. Revenue rose 16% but backlog did fall 11% as several large orders were completed. Order bookings also fell. But the backlog is still a nice $1.9B. Organic growth was 9.1%. We would consider the results 'pretty good' but certainly not amazing.