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ATS reports third-quarter profit up from year ago, beats expectations | iNFOnews

February 03, 2021 - 4:15 AM CAMBRIDGE, Ont. - ATS Automation Tooling Systems Inc. beat expectations as it reported its third-quarter profit rose compared with a year ago as it reduced costs. The maker of automation systems says it earned $18.9 million or 20 cents per share for the quarter ended Dec. 27, up from $4.1 million or four cents per share a year earlier. Revenue totalled $369.7 million, up from $367.2 million. The company s order backlog rose to $985 million compared with $939 million. On an adjusted basis, ATS says it earned 30 cents per share for the quarter, up from an adjusted profit of 26 cents per share a year earlier.

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ATS reports third-quarter profit up from year ago, beats expectations - Medicine Hat NewsMedicine Hat News

ATS reports third-quarter profit up from year ago, beats expectations - Medicine Hat NewsMedicine Hat News
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Stringent Regulations towards Carbon Emissions to Drive Global Electric Vehicle Powertrain Market 2021 | Opportunity Assessment, Market Challenges, Key vendor analysis, Vendor landscape by 2025

Stringent Regulations towards Carbon Emissions to Drive Global Electric Vehicle Powertrain Market 2021 | Opportunity Assessment, Market Challenges, Key ven

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From automation to Bitcoin, Canadian investors see opportunity in 2021

4 Min Read TORONTO (Reuters) - Canadian fund managers are revamping their portfolios, picking cyclical stocks that could benefit from a return to a more typical economy in the coming year, as COVID-19 vaccines roll out and central banks provide a historic level of stimulus. FILE PHOTO: A darkened television studio is seen at the offices of TMX Group, which operates the Toronto Stock Exchange, after the company announced it was shutting down all markets for the rest of the day after experiencing issues with trading on all its exchange platforms in Toronto, Ontario, Canada April 27, 2018. REUTERS/Chris Helgren In Canada, which began doling out the Pfizer Inc and BioNTech SE vaccine on Dec. 14, cyclical stocks account for about 70% of the country’s main stock market. The S&P/TSX Composite has gained 2.6% this year, lagging the tech-heavy U.S. market.

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ATS Announces Launch of US$300 Million Senior Notes Offering to Fund Redemption of Outstanding 6 500% Senior Notes

ATS Announces Launch of US$300 Million Senior Notes Offering to Fund Redemption of Outstanding 6.500% Senior Notes CAMBRIDGE, ON, Dec. 14, 2020 /CNW/ - ATS Automation Tooling Systems Inc. ( TSX: ATA) ( ATS or the Company ) today announces that it intends to offer US$300 million aggregate principal amount of Senior Notes due 2028 (the Notes ). The interest rate and other terms of the Notes will be determined based on prevailing market conditions. ATS intends to use the net proceeds from the offering of the Notes to fund the redemption of its outstanding 6.500% Senior Notes due 2023 (the Existing Notes ), and to use the remainder of the net proceeds for general corporate purposes.

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