ATS reported its preliminary financial outcomes for the first quarter ending March 31, showing significant financial movements influenced by a recent settlement. During this period, the company generated revenues of C$721 million, but faced an operational loss amounting to C$113.6 million. The net loss stood at C$68.9 million.
Despite these setbacks, ATS's adjusted EBITDA reached C$97.1 million. The company reported a basic loss per share of C$(0.70), while the adjusted basic earnings per share were C$0.41. Order bookings were robust at C$863 million, and the order backlog reached C$2.139 billion.
Investors can look forward to the complete financial report for the first three and twelve months ending March 31, 2025. The detailed results will be publicly released after market closure on Wednesday, May 28.
