ATS Corp.'s stock plummeted 11.53% during intraday trading on Thursday, following the release of its fourth-quarter fiscal 2026 results.
The automation solutions provider reported adjusted earnings of 36 Canadian cents per share for the quarter, missing the FactSet consensus estimate of 44 Canadian cents. While revenue of CA$747.1 million exceeded expectations, adjusted earnings per share declined from CA$0.41 a year earlier.
Investors reacted negatively to the company's forecast for the first quarter of fiscal 2027, with management expecting revenue in the range of CA$700 million to CA$740 million, below the CA$758.6 million anticipated by analysts. Additionally, order bookings decreased 18.4% year-over-year to $704 million, and the company is undergoing restructuring activities to reposition its transportation-related businesses.
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