Countries are 'coming to heel and rolling around like kittens' to Trump's trade demands: MacKay
Donald Trump mused about a baseline global tariff of 15 to 20 per cent as trade negotiations intensify between Canada and the U.S. Abigail Bimman has the latest.
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The Market Online
23 minutes ago
- The Market Online
ATS proves defensive prowess with a profitable Q1 2026
Automation leader ATS Corporation (TSX:ATS) reported Q1 F2026 results, ending June 29, 2025, continuing a stretch of uninterrupted profitability that extends back to 2015, driven by increasing industrial demand to ramp up efficiency and enhance margins Revenue, for its part, jumped by 4.5x from C$591.1 million in F2013 to C$2.7 billion adjusted in F2025 ATS stock has added 7.01 per cent year-over-year, 125.58 per cent since 2020 and approximately 200 per cent since 2015 Industrial automation leader ATS Corporation (TSX:ATS) reported Q1 F2026 results, ending June 29, 2025, continuing a stretch of uninterrupted profitability that extends back to 2015. This content has been prepared as part of a partnership with ATS Corporation, and is intended for informational purposes only. Here are the highlights: Revenue added 6.1 per cent year-over-year (YoY) to C$736.7 million thanks primarily to contributions from new acquisitions. Net income fell to C$24.3 million, down from C$35.3 million YoY, impacted by higher SG&A, stock-based compensation and net finance costs. Adjusted EBITDA was C$101.5 million, down from C$106 million YoY. Order bookings of C$693 million, down by 15.2 per cent from C$817 million YoY. Order backlog of C$2.06 billion, up by 9.9 per cent YoY. The money-making quarter adds to a value-accretive run for ATS, including positive net income since 2015, complemented by a 4.5x jump in revenue from C$591.1 million in F2013 to C$2.7 billion adjusted in F2025. Over the past five years, momentum remains palpable, with net income rising from C$64.09 million in F2021 to C$144.4 million adjusted in F2025, and revenue following suit, climbing from C$1.43 billion to C$2.53 billion, respectively, despite lingering post-pandemic inflation and the threat of US tariff renegotiations. Management is confident in ATS's ability to deliver increased profits and market share, regardless of how US tariffs play out, thanks to the majority of the company's shipments from Canada into the US complying with the US-Mexico-Canada trade agreement, and equipment and product adjusted revenues from its Canadian and European operations being sold into the US remaining consistent at just over 20 per cent since Q4 F2025. From a broader perspective, according to the Q1 F2026 news release, management expects to be shielded from short-term economic uncertainty thanks to rising demand for its automation solutions to counteract labor shortages, higher labor costs, production onshoring or reshoring and the ever pressing, cross-industrial need for more efficient production to remain competitive in the marketplace. As expressed in the Q1 F2026 news release, 'supply chain impacts resulting from shifting trade dynamics have been largely mitigated through alternative sourcing, along with pricing strategies. While the company could see impacts over time arising from unmitigated costs related to the tariffs themselves, potential supplier price increases, and the timing and geographic shifts in customers' capital deployment, ATS's global footprint and decentralized operating model, supported by the ATS Business Model (see slide 8 of the August 2025 investor deck), provide some flexibility to address potential disruptions over the long term.' Management estimates Q2 2026 revenue to be between C$700 million and C$740 million, supported by stable to strong demand across its business segments. Leadership insights 'Today ATS reported our first quarter results for fiscal 2026, with revenue growth, including contributions from recent acquisitions, and adjusted earnings margins in line with our expectations,' Andrew Hider, ATS's outgoing chief executive officer (CEO), said in a statement. 'These results reflect continued focus on our value drivers, the resilience of our business model and the dedication of our global teams.' 'ATS is well-positioned as a leader in automation, supported by our strong presence in growing, diversified end markets, a sizeable, high-quality order backlog and the ATS business model firmly entrenched within the culture of our decentralized businesses,' added Ryan McLeod, ATS' chief financial officer and incoming interim CEO. 'Our leadership team is well prepared to leverage these advantages and drive value during this transition period.' About ATS ATS, founded in 1978, is a top automation solutions provider to the world's most successful companies, including multinational brands in life sciences, energy, transportation, consumer products and food & beverage. Its operations span more than 65 manufacturing facilities and over 85 offices in North America, Europe, Asia and Oceania. ATS stock (TSX:ATS) is down by 5.97 per cent on the news trading at C$40.13 as of 10:51 am ET. The stock has added 7.01 per cent year-over-year, 125.58 per cent since 2020 and approximately 200 per cent since 2015. Join the discussion: Find out what everybody's saying about this automation stock on the ATS Corporation Bullboard and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Toronto Star
32 minutes ago
- Toronto Star
Dorel Provides Update on Long-Term Debt
MONTRÉAL, Aug. 07, 2025 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that on August 7, 2025, it again amended its asset backed loan (ABL) facility and term loan facility whereby Dorel's lenders agreed to continue to forebear from enforcing their rights and exercising their remedies under both the ABL facility and term loan facility further to a default by Dorel relating to certain financial covenants. The initial forbearance period commenced on May 9, 2025 and has now been extended to the earlier of September 16, 2025 and the occurrence of any event of default, other than the current event of default, under the ABL facility or term loan facility. Dorel will receive access to US$20.0 million additional liquidity in three tranches under the ABL facility in order to finance new inventory and must continue to provide the lenders with additional reporting during the forbearance period. In addition, the total maximum availability under the ABL facility was decreased to US$150.0 million as part of the amendment. As at June 30, 2025, the total amount of borrowings outstanding under the ABL facility was approximately US$92.0 million. In addition, as previously announced, the Company is continuing to work with two leading capital market advisors to assist in re-capitalizing the Company's balance sheet to allow for growth in the Juvenile segment and support the re-organization of the Home segment. The new structure is intended to replace the current debt structure which no longer matches the Company's needs. Dorel will update stakeholders on developments as they arise.
Globe and Mail
32 minutes ago
- Globe and Mail
ExxonMobil's Bold Bet on the Permian Basin: Massive Growth Ahead?
Exxon Mobil Corporation XOM continues to break records in the Permian – the most prolific shale play in the United States. Along with the second-quarter 2025 earnings, the largest integrated player announced that it produced around 1.6 million barrels of oil equivalent per day (MMBoE/D), marking its highest output ever from this area, highlighting the fact that Permian has already become central to its growth story. XOM is using innovative technologies to achieve this. To keep underground cracks open, which continuously allow more oil and natural gas to flow out of wells, the large integrated energy company has been employing a special material called lightweight proppant. Thus, XOM has been successful in boosting recovery rates to 20% from 15% just a few months ago. This is how the energy giant has become successful in pulling out more oil from the same wells. The integrated energy player is thus showcasing a solid production outlook for the years to come. In the most prolific basin, ExxonMobil projects a ramping up of production to 2.3 MMBoE/D by 2030, suggesting a jump from the current 1.6 MMBoE/D. CVX & FANG's Solid Permian Footprint Like XOM, Chevron CVX and Diamondback Energy, Inc. FANG also produce significant volumes of oil and natural gas from the Permian. Chevron has a strong footprint in the Permian. With more than 2 million net acres of land, CVX has been operating in the basin for more than 100 years. Diamondback Energy is a pure-play Permian operator. FANG has a huge inventory of oil and gas wells, thereby showcasing a solid production outlook. XOM's Price Performance, Valuation & Estimates Shares of XOM have declined 4.7% over the past year against the 4% rise of the industry. From a valuation standpoint, XOM trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 6.93X. This is above the broader industry average of 4.31X. The Zacks Consensus Estimate for XOM's 2025 earnings has been revised upward over the past seven days. ExxonMobil currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Beyond Nvidia: AI's Second Wave Is Here The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years. See "2nd Wave" AI stocks now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report Diamondback Energy, Inc. (FANG): Free Stock Analysis Report
