Q: Please comment on the most recent earnings for ATS-T.
5i Research Answer:
EPS of 41c beat estimates of 38c; revenue of $721M beat estimates of $688M. EBITDA of $97.1M beat estimates by 3%. EPS fell from 65c last year. Guidance for the next quarter was for sales of $680M to $730M, vs estimates $715M. Backlog is $2.1B up 19%. Note that these numbers were largely released earlier. Bookings were strong, and we think the company is in a recovery mode here.