ATS Corp Q2 revenue up 18.9%, beats estimates

ATS

05/11/2025 11:08

Overview

ATS Corp fiscal Q2 revenue grows 18.9% yr/yr, beating analyst expectations

Net income for fiscal Q2 was C$33.6 mln, compared to a net loss last year

Adjusted EPS for fiscal Q2 rose to C$0.45 from C$0.25 a year ago

Outlook

ATS expects Q3 fiscal 2026 revenue between C$700 mln and C$740 mln

Company sees strong opportunities in life sciences and energy sectors

ATS anticipates restructuring expenses of approximately C$15 mln in fiscal 2026

Result Drivers

ORGANIC GROWTH - Revenue growth driven by 12.6% increase in organic revenues, alongside foreign exchange and acquisitions

CONSUMER PRODUCTS - Significant revenue increase of 81.5% in consumer products due to higher order backlog

ENERGY SECTOR - Energy revenues nearly doubled, increasing by 97.7% due to higher order backlog

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$728.50 mln
C$723.40 mln (7 Analysts)
Q2 Net Income
C$33.60 mln
Q2 Basic EPS
-C$0.34
Q2 Order Backlog
C$2.07 bln
Q2 Orders
C$734 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for ATS Corp is C$46.00, about 18% above its November 4 closing price of C$37.74

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nBw8MPl8Xa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)