Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ATS Corporation (ATS) is a global provider of automation solutions. The Zacks Consensus Estimate for its current year earnings has been revised 4.5% downward over the last 60 days.CONMED Corporation (CNMD) is a medical technology company that sells surgical devices. The Zacks Consensus Estimate for its current year earnings has been revised 7.3% downward over the last 60 days.CSX Corporation (CSX) is a rail-based freight transportatio ...

ATS Corporation. (NYSE:ATS) Q3 2025 Earnings Conference Call February 5, 2025 8:30 AM ET Company Participants David Galison - Head of Investor Relations Andrew Hider - Chief Executive Officer Ryan McLeod - Chief Financial Officer Conference Call Participants Justin Keywood - Stifel Cherilyn Radbourne - TD Cowen Patrick Baumann - J.P. Morgan Maxim Sytchev - National Bank Sabahat Khan - RBC Capital Markets Michael Glen - Raymond James David Ocampo - Cormark Securities Operator Welcome to the ATS Corporation T ...

Q3 2025 Earnings Call Today's Hosts Andrew Hider Chief Executive Officer Ryan McLeod Chief Financial Officer Forward Looking Statements Note to Reader: This presentation and the oral statements made during this call contain certain statements that may constitute forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities laws ("forward-looking statements"). All such statements are made pursuant to the "safe harbour" provisions of Canadian ...

Financial Performance - Total revenues for the three months ended December 29, 2024, were $651,993, a decrease of 13.3% compared to $752,052 for the same period in 2023[3] - Net income for the three months ended December 29, 2024, was $6,505, down 86.2% from $47,182 in the same period last year[3] - Earnings per share attributable to shareholders for the three months ended December 29, 2024, were $0.07, compared to $0.48 for the same period in 2023[3] - Comprehensive income for the three months ended December 29, 2024, was $65,008, compared to $45,049 for the same period in 2023, an increase of 44.4%[5] - The company reported an income before income taxes of $10,642 for the three months ended December 29, 2024, compared to $60,994 for the same period in 2023[70] Assets and Liabilities - Total assets increased to $4,666,313 as of December 29, 2024, up from $4,088,799 as of March 31, 2024, representing a growth of 14.1%[2] - Total liabilities increased to $2,910,273 as of December 29, 2024, from $2,404,852 as of March 31, 2024, reflecting a rise of 21%[2] - Cash and cash equivalents rose to $263,152 as of December 29, 2024, compared to $170,177 as of March 31, 2024, an increase of 54.6%[2] - Trade receivables as of December 29, 2024, were $663,146,000, an increase of 51.7% from $437,329,000 as of March 31, 2024[91] - Contract assets decreased to $619,510,000 as of December 29, 2024, from $704,703,000 as of March 31, 2024[91] - Net contract balances increased to $853,614,000 as of December 29, 2024, compared to $778,772,000 as of March 31, 2024[91] Operating Costs and Expenses - The company reported operating costs of $454,061 for the three months ended December 29, 2024, down 15.7% from $538,435 in the same period last year[3] - The company incurred restructuring costs of $3,360 for the three months ended December 29, 2024, compared to $16,228 in the same period last year[3] - Interest expense for the three months ended December 29, 2024, was $25,255,000, an increase of 49.5% from $16,898,000 in 2023[94] - The company recorded risk management losses of $13,310 for the three months ended December 29, 2024, compared to gains of $1,487 in the same period of the previous year[49] Equity and Shareholder Information - Total equity as of December 31, 2023, reached CAD 1,618,266 thousand, up from CAD 1,130,583 thousand as of March 31, 2023, indicating a growth of approximately 43%[7] - The Company has a normal course issuer bid allowing for the repurchase of up to 8,259,180 common shares until December 15, 2025[65] - As of December 29, 2024, the Company has repurchased 1,020,887 common shares for $44,983 under the previous NCIB program[66] - The weighted average number of common shares outstanding for the three months ended December 29, 2024, was 97,926,990, a decrease from 98,906,456 in 2023[97] Acquisitions - The acquisition of Paxiom Group was completed for a total purchase price of CAD 146,438 thousand, enhancing the company's capabilities in packaging solutions[22] - The total purchase price for the acquisition of Paxiom was $146,438, with a net identifiable asset value of $66,901 and residual goodwill of $79,537[24] - Paxiom contributed approximately $22,323 in revenue and incurred a net loss of $1,235 from the acquisition date to December 29, 2024[26][27] - The total purchase price for the acquisition of Heidolph was $45,064, with net identifiable assets valued at $42,722 and residual goodwill of $2,342[28][29] - Heidolph contributed approximately $23,335 in revenue and incurred a net loss of $1,066 from the acquisition date to December 29, 2024[31] Cash Flow and Financing - Cash flows provided by operating activities for the nine months ended December 31, 2023, were CAD 11,205 thousand, a significant decrease from CAD 110,508 thousand in the previous year[9] - The company recorded a significant cash outflow of CAD 269,274 thousand in investing activities for the nine months ended December 31, 2023, compared to CAD 315,454 thousand in the previous year[9] - The Company issued $600,000 in CAD Senior Notes at an interest rate of 6.50% per annum, with the latest issuance completed on December 19, 2024[61] - The Company has a total of $1,611,232 in long-term debt as of December 29, 2024, which includes $519,335 from the Credit Facility and $1,103,380 from Senior Notes[64] Taxation - The effective income tax rate increased to 29% for the nine months ended December 29, 2024, compared to 24% for the same period in 2023[70] - The company recognized income tax expense related to Pillar Two income taxes of CAD 1,579 for the nine months ended December 29, 2024, compared to CAD 0 in the same period of 2023[71] Stock Options and Compensation - The number of stock options outstanding increased to 1,035,380 with a weighted average exercise price of CAD 36.05 as of December 29, 2024, compared to 865,386 options at CAD 33.43 in the prior year[74] - The company granted 241,327 time-vesting stock options during the nine months ended December 29, 2024, compared to 176,112 in the same period of 2023[73] - The company incurred stock-based compensation expenses of CAD 9,907 thousand for the nine months ended December 31, 2023, compared to CAD 8,146 thousand in the previous year[9] Market Conditions and Risks - The company expects to continue monitoring the potential impact of tariffs on its financial condition and operations, which remains uncertain[21] - The company recorded unrealized losses of $5,016 on foreign currency risk management forward contracts during the three months ended December 29, 2024[49]

Q2 2025 Earnings Call November 6, 2024 8:30am ET Today's Hosts /ATS" Andrew Hider Ryan McLeod Chief Executive Officer Chief Financial Officer Forward Looking Statements Note to Reader: This presentation and the oral statements made during this call contain certain statements that may constitute forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities laws ("forward-looking statements"). All such statements are made pursuant to the "saf ...

ATS Corporation. (NYSE:ATS) Q2 2025 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants David Galison - Head of Investor Relations Andrew Hider - Chief Executive Officer Ryan McLeod - Chief Financial Officer Conference Call Participants Sabahat Khan - RBC Justin Keywood - Stifel David Ocampo - Cormark Securities Patrick Sullivan - TD Cowen Maxim Sytchev - National Bank Financial Michael Glen - Raymond James Patrick Baumann - JPMorgan Operator Welcome to the ATS Corporation Second Quart ...

Financial Performance - For the six months ended September 29, 2024, the company reported an income (loss) before income taxes of $(1,366) thousand, compared to $67,561 thousand for the same period last year[93]. - For the six months ended September 29, 2024, total company revenue was CAD 1,307,051, a decrease from CAD 1,489,365 for the same period in 2023, representing a decline of approximately 12.2%[119]. - The total company revenue for the three months ended September 29, 2024, was CAD 612,781, down from CAD 735,716 for the same period in 2023, reflecting a decline of approximately 16.7%[119]. - Revenue from construction contracts for the three months ended September 29, 2024, was CAD 317,462, compared to CAD 479,755 for the same period in 2023, indicating a decrease of about 33.9%[119]. - The company reported total revenue from external customers in the United States for the six months ended September 29, 2024, at CAD 583,063, compared to CAD 723,755 for the same period in 2023, a decrease of approximately 19.4%[118]. Debt and Financing - As of September 29, 2024, the Company had utilized $732,532 under its Credit Facility, with $732,520 classified as long-term debt[73]. - The Company has additional credit facilities available totaling $110,935, with $19,497 outstanding as of September 29, 2024[78]. - The Company's U.S. $350,000 aggregate principal amount of senior notes bears interest at a rate of 4.125% per annum and matures on December 15, 2028[79]. - On August 21, 2024, the Company completed a private placement of $400,000 aggregate principal amount of senior unsecured notes, bearing interest at a rate of 6.50% per annum, maturing on August 21, 2032[82]. - The Company’s long-term debt as of September 29, 2024, is $1,594,002, up from $1,171,796 on March 31, 2024[85]. - The Company met all financial covenants under its Credit Facility as of September 29, 2024[77]. Restructuring and Cost Management - The North American Electric Vehicle market is experiencing a slowdown in sales growth, leading to reduced investment and program cancellations, prompting the Company to initiate cost structure reductions in its transportation-related businesses, with restructuring expenses of $17,075 recorded in Q2 fiscal 2025[71]. - The total estimated cost of restructuring activities is expected to be at the higher end of the previously disclosed range of $15,000 to $20,000[71]. Stock and Shareholder Activity - During the six months ended September 29, 2024, the Company repurchased 1,020,887 common shares under its normal course issuer bid for $44,983[89]. - The balance of common shares outstanding decreased from 98,219,496 on March 31, 2024, to 96,869,371 on September 29, 2024[90]. - The total number of stock options outstanding increased to 1,048,581 with a weighted average exercise price of $36.16 as of September 29, 2024, compared to 906,218 options at $32.83 as of October 1, 2023[98]. - The company granted 241,327 time-vesting stock options during the six months ended September 29, 2024, with a weighted average exercise price of $45.37[100]. - The stock-based compensation expense for the six months ended September 29, 2024, totaled $6,423 thousand, down from $13,445 thousand for the same period last year[108]. Tax and Deferred Tax - The company recognized an income tax expense related to Pillar Two income taxes of $538 thousand for the three months ended September 29, 2024, and $1,051 thousand for the six months ended September 29, 2024[93]. - The company recognized a deferred tax recovery of $(10,882) thousand for the three months ended September 29, 2024, compared to a deferred tax expense of $9,683 thousand for the same period last year[93]. Contract and Asset Management - Total net contract assets and liabilities as of September 29, 2024, were CAD 344,802, compared to CAD 392,499 as of March 31, 2024, showing a decrease of approximately 12.2%[124]. - Estimated earnings for contracts in progress as of September 29, 2024, were CAD 1,484,945, compared to CAD 1,354,259 as of March 31, 2024, indicating an increase of about 9.6%[124]. - The weighted average number of common shares outstanding for the three months ended September 29, 2024, was 97,926,369, down from 98,883,583 for the same period in 2023[130]. Working Capital and Liabilities - Total change in non-cash working capital decreased by $74,280 in the three months ended September 29, 2024, compared to a decrease of $87,212 in the same period last year[134]. - Contract assets increased to $136,775 in the three months ended September 29, 2024, from $15,768 in the previous year[134]. - Accounts payable and accrued liabilities decreased to $72,030 in the latest quarter, compared to $5,031 in the same period last year[134]. - Contract liabilities increased to $120,509 in the three months ended September 29, 2024, from $35,770 in the previous year[134]. - Provisions increased to $8,700 in the latest quarter, compared to a decrease of $1,784 in the same period last year[134]. - Inventories decreased to $8,377 in the three months ended September 29, 2024, from $10,473 in the previous year[134]. - Foreign exchange and other liabilities increased to $7,999 in the latest quarter, compared to $1,397 in the same period last year[134]. - Income tax receivable slightly increased to $2,343 in the latest quarter, compared to $2,219 in the previous year[134]. - Deposits, prepaids, and other assets increased to $9,596 in the three months ended September 29, 2024, from a decrease of $4,297 in the previous year[134]. - Total accounts receivable decreased to $(17,972) in the latest quarter, compared to $(107,220) in the same period last year[134].

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ATS Corporation (ATS) is an automation company. The Zacks Consensus Estimate for its current year earnings has been revised 14.7% downward over the last 60 days.Azul S.A. (AZUL) is an air transport company. The Zacks Consensus Estimate for its current year earnings has been revised 42.2% downward over the last 60 days.Boise Cascade Company (BCC) is construction materials industry.The Zacks Consensus Estimate for its current year earni ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ATS Corporation (ATS) is an automation company. The Zacks Consensus Estimate for its current year earnings has been revised 14.7% downward over the last 60 days.Azul S.A. (AZUL) is an air transport company. The Zacks Consensus Estimate for its current year earnings has been revised 42.2% downward over the last 60 days.Babcock & Wilcox Enterprises, Inc. (BW) is an energy and emissions control solutions provider.The Zacks Consensus Esti ...

ATS Corporation (NYSE: ATS ) is positioned to grow both organically and through acquisitions from the long-term trends of the current macro environment. This company is a mid-cap in Canada that has recently purchased related companiesI am currently a CFA Candidate, working in the food and beverage industry as a finance guy. I have a passion for equity research and am an individual investor primarily focused on North American equities. My investing philosophy focuses on long-term sustainable macro trends and ...