Q: Hi there, can you please give an update on ATS earnings report yesterday?
Thanks.
Thanks.
5i Research Answer:
ATS reported revenue of $728.5 mln vs $723. 4 expected. Backlog was at $2.0 bln (up 13.5% vs prior year) and orders were $734 mln. EPS of $0.45 beat estimates of $0.43. Outlook for next quarter looks to be in line with expectations. It was an 'as expected' quarter which is nice to see as the company transitions through a search for a new CEO.