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ATS Corp /ATS (ATS)

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Recent press releases and 8-K filings for ATS.

ATS Corporation Announces New Normal Course Issuer Bid
ATS
Share Buyback
  • ATS Corporation announced a new Normal Course Issuer Bid (NCIB), accepted by the Toronto Stock Exchange, to repurchase up to 8,225,621 common shares.
  • This quantity represents approximately 10% of the public float of 82,256,213 common shares outstanding as of December 10, 2025.
  • The share repurchase program will commence on December 22, 2025, and is scheduled to end on or before December 21, 2026.
  • Under the company's previous NCIB, which concluded on December 15, 2025, ATS repurchased and cancelled 308,758 common shares at a weighted average price of $32.39 per common share.
Dec 18, 2025, 2:18 PM
ATS Corporation Announces New CEO
ATS
CEO Change
Management Change
Board Change
  • ATS Corporation announced the appointment of Doug Wright as its new Chief Executive Officer (CEO) and a member of its Board of Directors.
  • Mr. Wright's appointment is effective on or before January 14, 2026.
  • Prior to this role, Mr. Wright served as CEO of Indicor and President and CEO, Building Technologies, at Honeywell International.
  • Ryan McLeod will continue as interim CEO until Mr. Wright joins, at which point he will return to his position as Chief Financial Officer.
Dec 17, 2025, 7:29 PM
ATS Corporation Reports Strong Q2 Fiscal Results and Strategic Outlook
ATS
Guidance Update
New Projects/Investments
Management Change
  • ATS Corporation reported strong Q2 fiscal results, with 12% revenue growth in the first half of the year and a 13.5% increase in backlog year-over-year, reaffirming high single-digit revenue growth and margin expansion for the year.
  • Key growth drivers include Life Sciences (with GLP-1 representing approximately 10% of total revenues and radiopharma expected to be a higher growth area) and Nuclear (driven by new builds and a significantly increased backlog of $280 million).
  • The Transportation business is not expected to be a growth vertical for the next three to five years, with the company focusing on optimizing its performance and exploring adjacent industrial manufacturing opportunities.
  • The company is targeting 15% EBITDA margins and aims to reduce leverage to below 3x by its fiscal year-end, supported by a recent $15 million restructuring program with savings reinvested into higher growth areas.
  • The search for a permanent CEO is "well advanced," with the ideal candidate possessing a strong background in continuous improvement and M&A.
Nov 18, 2025, 3:40 PM
ATS Reports Strong Q2 2026 Results and Reaffirms Full-Year Guidance
ATS
Earnings
Guidance Update
New Projects/Investments
  • ATS reported strong Q2 2026 results, with revenues of $729 million, up 19% year-over-year, and adjusted earnings from operations of $79.1 million, a 40% increase from the prior year.
  • The company's order backlog stands at approximately $2.1 billion, providing good revenue visibility, and the trailing 12-month book-to-bill ratio remained healthy at 1.12 to 1.
  • ATS expects Q3 revenues to be between $700 million and $740 million, reaffirming its full-year fiscal 2026 guidance for high single-digit revenue growth and adjusted operating margin improvement.
  • A $15 million restructuring is planned for the second half of fiscal 2026 to realign cost structure and improve operational efficiencies, with an expected payback of less than one year.
  • The company is actively working to reduce its net debt-to-adjusted EBITDA ratio from 3.4 times to its target range of 2-3 times by the end of the fiscal year.
Nov 5, 2025, 1:30 PM
ATS Reports Strong Q2 Fiscal 2026 Results and Provides Q3 Revenue Guidance
ATS
Earnings
Guidance Update
Management Change
  • ATS Corporation reported robust financial performance for the second quarter of fiscal 2026, with revenues increasing 18.9% year over year to $728.5 million and net income reaching $33.6 million, a significant turnaround from a net loss of $0.9 million in the prior year.
  • Basic earnings per share for the quarter were 34 cents, up from (1) cent a year ago, while adjusted basic earnings per share rose to 45 cents from 25 cents.
  • The company's Order Backlog increased by 13.5% year over year, reaching $2,070 million as of September 28, 2025, which is expected to support future revenue generation.
  • Ryan McLeod is currently serving as the Interim Chief Executive Officer.
  • For the third quarter of fiscal 2026, management projects revenues to be between $700 million and $740 million.
Nov 5, 2025, 12:05 PM