ATS CORP Reports Record Earnings for First Quarter of FY2024 Ending August 9 2023
August 11, 2023
🌥️Earnings Overview
ATS CORP ($NYSE:ATS) reported total revenue of CAD 753.6 million for the first quarter of FY2024 ending on August 9 2023, indicating a 23.4% year-over-year increase. Net income also increased by 21.3%, reaching CAD 47.6 million. These results were reported on June 30 2023.
Market Price
Stock opened at $42.2 and closed at $44.4, rising by 5.9% from the previous closing price of 41.9, indicating a strong start to the fiscal year. This positive performance, along with an increase in demand for the corporation’s products and services, contributed to the record profits reported by ATS CORP. The company’s success can be attributed to their commitment to innovation and customer service, as well as their focus on cost containment and efficiency. The first quarter of FY2024 has been a turning point for ATS CORP as they have diversified their portfolio of offerings and capitalized on their strengths.
This success can be seen in the increase in revenue compared to the same period last year, as well as the boost in the company’s stock price. Overall, ATS CORP looks to be well-positioned for future growth and expansion as they continue to expand their portfolio of products and services. With a strong first quarter performance already under their belt, investors and customers alike can look forward to ATS CORP’s continued success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ats Corp. More…
| Total Revenues | Net Income | Net Margin |
| 2.72k | 135.79 | 5.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ats Corp. More…
| Operations | Investing | Financing |
| 51.74 | -139.11 | 69.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ats Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.56k | 2.03k | 15.44 |
Key Ratios Snapshot
Some of the financial key ratios for Ats Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.3% | 32.6% | 8.9% |
| FCF Margin | ROE | ROA |
| -1.4% | 11.4% | 4.3% |
Analysis
GoodWhale has conducted an evaluation of ATS CORP’s fundamentals, and based on their Star Chart classification of ‘gorilla’, we are able to conclude that the company has achieved stable and high revenue or earning growth due to its strong competitive advantage. ATS CORP is strong in terms of growth, and medium in assets, profitability, and dividend. Additionally, it has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable of sustaining future operations even in times of crisis. Given these attributes, ATS CORP may be attractive to growth-oriented investors who are looking for companies that have strong competitive advantages and the potential for long-term success. Investors who are seeking companies with solid returns on investments or high dividends may be less interested in ATS CORP. More…
Summary
Investors reacted positively to ATS CORP‘s first quarter earnings results for FY2024, as the company reported an impressive 23.4% year-over-year increase in total revenue and 21.3% increase in net income. This marks a strong start to the new fiscal year and has investors hopeful that the company will continue to grow and perform well in the future. With its strong financial position and growing revenue, ATS CORP appears to be a promising investment opportunity.
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