What are your thoughts on ATS latest quarter?
Thks
Marse
EPS of 32c missed estimates of 33c. Revenue of $652M exactly matched estimates. EBITDA of $87.5M beat estimates by 2%. EPS fell from 65c last year. Revenue also fell, from $752M. But, order bookings rose 32.2% and this was a good recovery. Total backlog rose. 8% to $2.06B. A lower backlog hurt the stock in 2024 so investors cheered this development. The company did discuss tariffs, saving revenue percentage in the 'mid teens' could be impacted. Lower transportation revenue may also persist for a period of time. It was just an OK quarter and of course we would like to see sales growth. But the backlog is a positive improvement.