Brief: ATS Corp - Life Sciences Funnel For Fiscal 2024 Remains Strong

ATS

08/11/2023 11:25

Nov 8 (Reuters) - ATS Corp  ATS.TO :
    * ATS CORP - LIFE SCIENCES FUNNEL FOR FISCAL 2024 REMAINS
STRONG
    * ATS CORP - LIFE SCIENCES FUNNEL FOR FISCAL 2024 REMAINS
STRONG
    * ATS CORP - IN Q3 OF FISCAL 2024, MANAGEMENT EXPECTS
CONVERSION
OF ORDER BACKLOG TO REVENUES TO BE IN 34% TO 37% RANGE
    * ATS CORP - IN SHORT TERM, COMPANY EXPECTS NON-CASH WORKING
CAPITAL TO REMAIN ABOVE 10% AS LARGE ENTERPRISE PROGRAMS
PROGRESS THROUGH MILESTONES
    * ATS- OVER LONG-TERM, EXPECTS TO CONTINUE INVESTING IN
NON-CASH
WORKING CAPITAL TO SUPPORT GROWTH, WITH FLUCTUATIONS EXPECTED ON
QUARTER-OVER-QUARTER BASIS
    * ATS CORP - COMPANY'S LONG-TERM GOAL IS TO MAINTAIN ITS
INVESTMENT IN NON-CASH WORKING CAPITAL AS A PERCENTAGE OF
ANNUALIZED REVENUES BELOW 15%
    * ATS CORP - PERIODICALLY UNDERTAKES REVIEWS OF ITS
OPERATIONS TO
ENSURE ALIGNMENT WITH STRATEGIC MARKET OPPORTUNITIES.
    * ATS CORP - HAS IDENTIFIED AN OPPORTUNITY TO IMPROVE COST
STRUCTURE OF ORGANIZATION AND REALLOCATE INVESTMENT TO GROWTH
AREAS
    * ATS CORP - MAJORITY OF REORGANIZATION ACTIVITY ACTIONS ARE
EXPECTED TO BE COMPLETED IN Q3 OF FISCAL 2024
    * ATS CORP - ESTIMATED COST OF REORGANIZATION ACTIVITIES IS
BETWEEN $15 MILLION AND $20 MILLION

Source text for Eikon:  ID:nBw6hdLxda 
Further company coverage:  ATS.TO 

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