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Yahoo
27-05-2025
- Business
- Yahoo
ATS Corporation reports preliminary adjusted Q4 EPS C$0.41
Preliminary financial information for the three months ended March 31, reflecting the impact of the settlement agreement, include: Revenues of C$721M; Loss from operations of C$113.6M; Net loss of C$68.9M; Adjusted EBITDA of C$97.1M; Basic earnings per share of C$(0.70) and adjusted basic earnings per share of C$0.41; Order Bookings of C$863M; Order Backlog of C$2.139B. The company will report its financial results for the three and twelve months ended March 31, 2025, after markets close on Wednesday, May 28. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on ATS: Disclaimer & DisclosureReport an Issue ATS Corporation announces settlement with EV customer ATS Corporation Settles with EV Customer and Reports Preliminary Q4 2025 Results Ats Corporation (ATS) Q4 Earnings Cheat Sheet ATS Corporation resumed with a Sector Perform at Scotiabank ATS Corporation to Attend RBC Capital Markets Conference
Yahoo
27-05-2025
- Automotive
- Yahoo
ATS Corporation announces settlement with EV customer
ATS Corporation (ATS) announced that it has reached a settlement agreement with its Electric Vehicle customer with respect to the previously disclosed outstanding payments owed. Under the terms of the agreement, the company will receive payment from the customer of $134.75M in the first quarter of fiscal 2026, with no further work required by the company on these projects. This settlement results from discussions which were originally disclosed in the company's management's discussion and analysis for the three and six months ended September 29, 2024. The company determined that it is willing to settle its disagreement with the customer based on a number of factors, including but not limited to, the benefit of receiving a cash payment in the near term, particularly in light of the volatility and uncertainty of the overall global macro-economic environment and the impact of such environment on the automotive sector, in addition to previously announced reductions to automakers' EV end-market demand. 'It was important to get this matter behind us,' said Andrew Hider, Chief Executive Officer. 'All factors considered, we believe this outcome is the best result for ATS. With transportation having become a smaller piece of our business, this Agreement allows us to focus on our growth strategy consistent with our emphasis on regulated markets, while continuing to deliver value to all stakeholders.' The company added: 'In light of the Agreement, in the Company's annual audited consolidated financial statements for the year ended March 31, 2025 (i) all previous amounts related to the program with the customer, including accounts receivable, contract assets, and inventories will be written-off accordingly, (ii) the settlement amount will be reflected in accounts receivable, and (iii) a reduction to net income of $129 million (approximately $171 million before income taxes) related to the Agreement will be reflected. The financial impacts from this Agreement will be reflected as EV customer settlement in the Company's adjusted earnings from operations, adjusted EBITDA, adjusted net income, and adjusted basic earnings per share.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on ATS: Disclaimer & DisclosureReport an Issue ATS Corporation Settles with EV Customer and Reports Preliminary Q4 2025 Results Ats Corporation (ATS) Q4 Earnings Cheat Sheet ATS Corporation resumed with a Sector Perform at Scotiabank ATS Corporation to Attend RBC Capital Markets Conference ATS Corporation to Engage with Investors at RBC Capital Markets Conference
