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ATS Corporation (T:ATS)

Business Focus: Industrial Machinery & Equipment (NEC)

Sector:  Industrials Industry:  Industrial Machinery & Equipment
 
Company Contact
Address: 730 Fountain Street North
CAMBRIDGE ON N3H 4R7
Tel: 1-519-6536500
Website: https://www.atsautomation.com
IR: See website
Key People
Andrew P. Hider
Chief Executive Officer, Director
Jeff Adamson
Chief Information Officer
Ryan Mcleod
Chief Financial Officer
Christian Debus
President - Process Automation Solutions
Udo Panenka
President - Industrial Automation
Jeremy Patten
President - Products and Food Technology Segment
Heinrich Sielemann
President and Managing Director of IWK
Angella V. Alexander
Chief Human Resource Officer
Fiona Cleland Nielsen
Senior Vice President - Strategy and Corporate Development
Simon Roberts
Senior Vice President - Global After Sales Service
   
Business Overview
ATS Corporation is a Canada-based automation solutions provider. The Company uses its knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added services, including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets, such as life sciences, food and beverage, transportation, consumer products, and energy. It engages with customers on both greenfield programs, such as equipping new factories, and brownfield programs, including capacity expansions, production relocations, equipment upgrades, software upgrades, efficiency improvements and factory optimizations. It offers post-automation services. It also offers artificial intelligence (AI) and machine learning (ML)-based tools for industrial production. The Company also designs and manufactures automated water purification solutions for biomedical and life science applications.
Financial Overview
For the nine months ended 31 December 2023, ATS Corp revenues increased 21% to C$2.24B. Net income increased 48% to C$145.3M. Revenues reflect Transportation segment increase of 88% to C$711.2M, Food & beverage segment increase of 23% to C$335.3M, United States segment increase of 14% to C$1.09B, Other Europe segment increase of 30% to C$431.9M. Net income benefited from Rental Expense decrease of 51% to C$929K (expense).
Employees: 6,500 as of Mar 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $5,608M as of Dec 31, 2023
Annual revenue (TTM): $2,972M as of Dec 31, 2023
EBITDA (TTM): $456.00M as of Dec 31, 2023
Net annual income (TTM): $174.73M as of Dec 31, 2023
Free cash flow (TTM): -$3.31M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,076M as of Dec 31, 2023
Shares outstanding: 98,935,086 as of Mar 14, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization