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ATS reports $4.1M Q3 profit, revenue up 14% compared with a year ago

Excluding revenue from acquisitions, third-quarter revenue at the factory automation system manufacturer was up 5% compared with a year ago


CAMBRIDGE, Ont. — ATS Automation Tooling Systems Inc. reported a profit of $4.1 million in its latest quarter as its revenue grew 14% compared with a year earlier.

The company’s profit amounted to four cents per share for the quarter ended Dec. 29 compared with a profit of $25.1 million or 27 cents per share a year earlier.

Revenue in what was the company’s third quarter totalled $367.2 million, up from $321.4 million.

Excluding revenue from acquisitions, third-quarter revenue at ATS was up 5% compared with a year ago.

ATS says it earned an adjusted profit 26 cents per share in its latest quarter, down from an adjusted profit of 33 cents per share a year earlier.

Analysts on average had expected an adjusted profit of 22 cents per share for the quarter, according to financial markets

News from © Canadian Press Enterprises Inc. 2016

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