ATS CORP Reports Record Q1 Revenue of CAD 753.6 Million, Up 23.4% YOY
August 18, 2023
🌥️Earnings Overview
On June 30, 2023, ATS CORP ($NYSE:ATS) announced their first quarter earnings results of FY2024, with total revenue amounting to CAD 753.6 million – a 23.4% increase from the same quarter in the prior year. Net income for the quarter also saw a 21.3% increase, reaching CAD 47.6 million.
Analysis
GoodWhale has conducted an analysis of ATS CORP‘s wellbeing and the results show it is a high risk investment. The Risk Rating has identified that the company poses a greater risk than average in terms of its financial and business aspects. GoodWhale has also detected two risk warnings in the income sheet and balance sheet of the company. To check out the details, make sure to register on goodwhale.com. The analysis by GoodWhale is essential for investors who are looking into ATS CORP as a potential investment. It highlights the current levels of risk that are posed to investors so that they can make an informed decision. GoodWhale’s detection of the two risk warnings is also useful to help investors ascertain the amount of risk they are taking on. More…
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 | 15.48 |
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% |
Summary
ATS CORP has seen strong financial performance for the first quarter of FY2024, with total revenue increasing by 23.4% year over year, and net income rising by 21.3%. This indicates that the company is in a healthy financial position and is well-positioned for growth in the future. Investors should take note of the strong financial results when considering their potential investments in ATS CORP. Furthermore, with the stock price moving up on the news of the solid earnings report, it could be a sign of increased confidence in the company’s future prospects.
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