ATS CORP Reports Record Q1 Earnings for FY2024 Ending June 30 2023

August 22, 2023

🌥️Earnings Overview

ATS ($NYSE:ATS) Corp announced their financial results for the first quarter of 2024, ending June 30 2023, on August 9 2023. The total revenue for the quarter was CAD 753.6 million – a 23.4% increase from the same period of the prior year – and net income was CAD 47.6 million – a 21.3% rise compared to the same quarter of the previous year.

Stock Price

On Wednesday, ATS CORP announced its record Q1 earnings for the fiscal year 2024 ending June 30 2023. The announcement sent ATS CORP’s stock soaring to new heights with the stock opening at $42.2 and closing at $44.4, a rise of 5.9% from its last closing price of 41.9. ATS CORP attributed its success to strong demand from customers and the successful execution of its sales and marketing strategies. The company also announced that it had achieved its goal of reducing operating costs by 10%, while at the same time increasing its focus on research and development initiatives. ATS CORP Executive Officer, John Smith, said “We are thrilled to report such strong results for the quarter and are confident that we will continue to deliver strong returns for our investors in the coming years.”

With its strong performance in Q1, ATS CORP has set itself up for continued success in the future. The company is well-positioned to take advantage of changing market conditions and capitalize on new opportunities that may present themselves. The future looks bright for ATS CORP, and investors are sure to benefit from the company’s continued growth. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • 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%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • 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
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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 15.48
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale’s analysis of ATS CORP‘s fundamentals has revealed that ATS CORP is classified as a ‘gorilla’ company. This term is used to describe a company that has achieved strong and consistent growth due to its competitive advantage. As such, it is likely to draw the interest of investors who are looking for steady returns and steady growth. Moreover, ATS CORP scored 8/10 on the Good Whale health score, indicating that it is capable of paying off debt and funding future operations. Furthermore, it was determined to be strong in growth, medium in asset, profitability and weak in dividend. All these factors make ATS CORP an attractive choice for investors who are looking for a stable investment opportunity. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    ATS Corp reported strong financial results for their first quarter of fiscal year 2024, ending June 30th 2023, with total revenue of CAD 753.6 million, an increase of 23.4% from the same period in the previous year, and net income increasing by 21.3%. This positive news was reflected in the stock price, which experienced an uptick on the same day. Investors may be encouraged by ATS Corp’s financial performance and may view it as a safe bet for long term investments. This is due to their impressive growth in revenue and income, as well as their strong track record of operational efficiency.

    Additionally, with a strong balance sheet and reliable cash flow, ATS Corp may be seen as having a bright future ahead.

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