Q3 2026 ATS Corp Earnings Call Transcript
Key Points
- ATS Corp (ATS) reported a 17% increase in Q3 revenues compared to the previous year, driven primarily by organic growth and momentum in services.
- The company achieved a 12% sequential increase in order bookings, reaching $821 million, supported by activity across multiple end markets.
- ATS Corp (ATS) ended the quarter with a robust order backlog of approximately $2.1 billion, reflecting a well-balanced mix across end markets and geographies.
- The Life Sciences segment reported revenues of $391 million, the second highest in ATS's history, with a strong order backlog of $1.1 billion.
- ATS Corp (ATS) has made strategic leadership appointments, including Sarah Moore as the new Life Sciences Group Executive and Simon Roberts to lead the packaging and food technology business, enhancing their operational capabilities.
- Order bookings were down 7% compared to Q3 last year due to lower run rates in transportation and fewer large enterprise bookings in life sciences and food and beverage.
- Gross margin for Q3 decreased by 111 basis points from last year, mainly due to program mix and timing of programs being executed across market verticals.
- The transportation segment continues to face pressure, with expectations of stabilization yet to be confirmed.
- ATS Corp (ATS) incurred $5.5 million in restructuring costs during the quarter, with total costs under the program expected to reach approximately $20 million.
- The company faces ongoing challenges in realizing margin expansion potential, with a focus on improving execution and commercial actions to enhance value.
Welcome to the ATS Corporation third-quarter conference call and webcast. This call is being recorded on February 4, 2026 at 8:30 AM Eastern Time. Following the presentation, we will conduct a question-and-answer session.
I'd now like to turn the call over to David Ocampo, Head of Investor Relations at ATS.
Thank you, operator, and good morning, everyone. On the call today are Doug Wright, Chief Executive Officer; Ryan McLeod, Chief Financial Officer; and Ann Cybulski, Vice President, Corporate Controller. Please note our remarks today are accompanied by a slide deck which can be viewed via our webcast and available at atsautomation.com.
We cautioned that the statements made on the webcast and conference call may contain forward-looking information and our cautionary statement regarding such information including the material factors that could cause actual results to differ materially from the statements and the material factors or assumptions applied in making these statements are detailed
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