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ATS Automation Tooling Systems: Q1 Fiscal 2017 Results
ATS Automation Tooling Systems aus dem kanadischen Bundesstaat Ontario hat im ersten Quartal des laufenden Geschäftsjahres Umsatz und Gewinn gesteigert. Wir veröffentlichen die Mitteilung der Gesellschaft dazu im Wortlaut.
Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.
CAMBRIDGE - ATS Automation Tooling Systems Inc. (TSX: ATA) ("ATS" or the "Company") reported financial results for the three months ended July 3, 2016 .
First Quarter Summary
Revenues were $265.4 million , 4% higher than the first quarter a year ago, primarily reflecting foreign exchange rate changes;
Earnings from operations were $22.6 million (9% operating margin), compared to $17.5 million (7% operating margin) in the first quarter of fiscal 2016. Adjusted earnings from continuing operations1 were $27.9 million (11% margin), compared to $27.4 million (11% margin) a year ago;
EBITDA1 was $31.5 million (12% margin), compared to $28.7 million (11% margin) in the first quarter a year ago;
Earnings per share were 13 cents basic compared to 11 cents basic a year ago. Adjusted basic earnings per share from continuing operations1 were 17 cents compared to 18 cents in the first quarter a year ago;
Order Bookings were $239 million , an 8% increase from the first quarter of fiscal 2016;
Period end Order Backlog was $610 million , 3% higher than the first quarter of fiscal 2016; and
The Company's balance sheet and financial capacity to support growth remained strong, with unutilized credit facilities of $651.2 million and $3.9 million of credit available under letter of credit facilities.
"First quarter operating performance was solid," said Anthony Caputo , Chief Executive Officer. "Order Backlog is significant, well diversified and of strategic importance to our customers. We have a healthy balance sheet, significant cash resources and funding available. As a result, we are in a strong position to continue to pursue our growth strategy, both organically and through acquisition."
First Quarter Summary
Fiscal 2017 first quarter revenues were 4% higher than in the corresponding period a year ago. Higher revenues primarily reflected foreign exchange rate changes which positively impacted the translation of revenues earned by foreign-based subsidiaries compared to the corresponding period a year ago, primarily reflecting the weakening of the Canadian dollar relative to the U.S dollar and Euro.
By market, fiscal 2017 first quarter revenues from consumer products & electronics decreased 3% compared to the corresponding period a year ago. Revenues generated in the energy market increased 253% primarily due to higher Order Backlog entering the first quarter of fiscal 2017 compared to a year ago. Revenues in the life sciences market decreased 11% primarily reflecting timing of project activities. Transportation revenues decreased 24% primarily reflecting lower Order Backlog entering the first quarter of fiscal 2017 compared to a year ago.
Fiscal 2017 first quarter earnings from operations were $22.6 million (9% operating margin) compared to $17.5 million (7% operating margin) in the first quarter of fiscal 2016. Excluding $5.3 million related to amortization of identifiable intangible assets recorded on the acquisitions of PA, IWK, and sortimat, first quarter fiscal 2017 adjusted earnings from operations were $27.9 million (11% margin). First quarter earnings from operations a year ago included $2.2 million of restructuring and severance costs and $7.7 million related to the amortization of identifiable intangible assets recorded on the acquisitions of PA, IWK, ATW, and sortimat. Excluding these items, adjusted earnings from operations a year ago were $27.4 million (11% margin).
Depreciation and amortization expense was $8.9 million in the first quarter of fiscal 2017, compared to $11.2 million a year ago. The decrease primarily reflected lower amortization of identifiable intangible assets recorded on the acquisitions of PA, IWK, ATW and sortimat compared to the first quarter of fiscal 2016.
EBITDA was $31.5 million (12% EBITDA margin) in the first quarter of fiscal 2017 compared to $28.7 million (11% EBITDA margin) in the first quarter of fiscal 2016. Excluding restructuring and severance costs, first quarter fiscal 2016 EBITDA was $30.9 million (12% EBITDA margin).
Order Bookings
First quarter fiscal 2017 Order Bookings were $239 million , an 8% increase from the first quarter of fiscal 2016. By customer market, increased Order Bookings in the transportation market more than offset lower Order Bookings in the consumer products and electronics markets. Order Bookings in the life sciences market were flat. Foreign exchange rate changes also positively impacted the translation of Order Bookings from foreign-based ATS subsidiaries compared to the first quarter of 2016.
About ATS
ATS is an industry-leading automation solutions provider to many of the world's most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added services including pre-automation and after-sales services to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, chemicals, consumer products, electronics, food, beverage, transportation, energy, and oil and gas. Founded in 1978, ATS employs approximately 3,500 people at 24 manufacturing facilities and over 50 offices in North America , Europe , Southeast Asia and China.
Management's Discussion and Analysis
For the Quarter Ended July 3, 2016
This Management's Discussion and Analysis ("MD&A") for the three months ended July 3, 2016 (first quarter of fiscal 2017) is as of August 16, 2016 and provides information on the operating activities, performance and financial position of ATS Automation Tooling Systems Inc. ("ATS" or the "Company") and should be read in conjunction with the unaudited interim condensed consolidated financial statements of the Company for the first quarter of fiscal 2017 which have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are reported in Canadian dollars. The Company assumes that the reader of this MD&A has access to, and has read the audited consolidated financial statements prepared in accordance with IFRS and the MD&A of the Company for the year ended March 31, 2016 (fiscal 2016) and, accordingly, the purpose of this document is to provide a fiscal 2017 first quarter update to the information contained in the fiscal 2016 MD&A. Additional information is contained in the Company's filings with Canadian securities regulators, including its Annual Information Form, found on SEDAR at www.sedar.com and on the Company's website at www.atsautomation.com.
Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.
CAMBRIDGE - ATS Automation Tooling Systems Inc. (TSX: ATA) ("ATS" or the "Company") reported financial results for the three months ended July 3, 2016 .
First Quarter Summary
Revenues were $265.4 million , 4% higher than the first quarter a year ago, primarily reflecting foreign exchange rate changes;
Earnings from operations were $22.6 million (9% operating margin), compared to $17.5 million (7% operating margin) in the first quarter of fiscal 2016. Adjusted earnings from continuing operations1 were $27.9 million (11% margin), compared to $27.4 million (11% margin) a year ago;
EBITDA1 was $31.5 million (12% margin), compared to $28.7 million (11% margin) in the first quarter a year ago;
Earnings per share were 13 cents basic compared to 11 cents basic a year ago. Adjusted basic earnings per share from continuing operations1 were 17 cents compared to 18 cents in the first quarter a year ago;
Order Bookings were $239 million , an 8% increase from the first quarter of fiscal 2016;
Period end Order Backlog was $610 million , 3% higher than the first quarter of fiscal 2016; and
The Company's balance sheet and financial capacity to support growth remained strong, with unutilized credit facilities of $651.2 million and $3.9 million of credit available under letter of credit facilities.
"First quarter operating performance was solid," said Anthony Caputo , Chief Executive Officer. "Order Backlog is significant, well diversified and of strategic importance to our customers. We have a healthy balance sheet, significant cash resources and funding available. As a result, we are in a strong position to continue to pursue our growth strategy, both organically and through acquisition."
First Quarter Summary
Fiscal 2017 first quarter revenues were 4% higher than in the corresponding period a year ago. Higher revenues primarily reflected foreign exchange rate changes which positively impacted the translation of revenues earned by foreign-based subsidiaries compared to the corresponding period a year ago, primarily reflecting the weakening of the Canadian dollar relative to the U.S dollar and Euro.
By market, fiscal 2017 first quarter revenues from consumer products & electronics decreased 3% compared to the corresponding period a year ago. Revenues generated in the energy market increased 253% primarily due to higher Order Backlog entering the first quarter of fiscal 2017 compared to a year ago. Revenues in the life sciences market decreased 11% primarily reflecting timing of project activities. Transportation revenues decreased 24% primarily reflecting lower Order Backlog entering the first quarter of fiscal 2017 compared to a year ago.
Fiscal 2017 first quarter earnings from operations were $22.6 million (9% operating margin) compared to $17.5 million (7% operating margin) in the first quarter of fiscal 2016. Excluding $5.3 million related to amortization of identifiable intangible assets recorded on the acquisitions of PA, IWK, and sortimat, first quarter fiscal 2017 adjusted earnings from operations were $27.9 million (11% margin). First quarter earnings from operations a year ago included $2.2 million of restructuring and severance costs and $7.7 million related to the amortization of identifiable intangible assets recorded on the acquisitions of PA, IWK, ATW, and sortimat. Excluding these items, adjusted earnings from operations a year ago were $27.4 million (11% margin).
Depreciation and amortization expense was $8.9 million in the first quarter of fiscal 2017, compared to $11.2 million a year ago. The decrease primarily reflected lower amortization of identifiable intangible assets recorded on the acquisitions of PA, IWK, ATW and sortimat compared to the first quarter of fiscal 2016.
EBITDA was $31.5 million (12% EBITDA margin) in the first quarter of fiscal 2017 compared to $28.7 million (11% EBITDA margin) in the first quarter of fiscal 2016. Excluding restructuring and severance costs, first quarter fiscal 2016 EBITDA was $30.9 million (12% EBITDA margin).
Order Bookings
First quarter fiscal 2017 Order Bookings were $239 million , an 8% increase from the first quarter of fiscal 2016. By customer market, increased Order Bookings in the transportation market more than offset lower Order Bookings in the consumer products and electronics markets. Order Bookings in the life sciences market were flat. Foreign exchange rate changes also positively impacted the translation of Order Bookings from foreign-based ATS subsidiaries compared to the first quarter of 2016.
About ATS
ATS is an industry-leading automation solutions provider to many of the world's most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added services including pre-automation and after-sales services to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, chemicals, consumer products, electronics, food, beverage, transportation, energy, and oil and gas. Founded in 1978, ATS employs approximately 3,500 people at 24 manufacturing facilities and over 50 offices in North America , Europe , Southeast Asia and China.
Management's Discussion and Analysis
For the Quarter Ended July 3, 2016
This Management's Discussion and Analysis ("MD&A") for the three months ended July 3, 2016 (first quarter of fiscal 2017) is as of August 16, 2016 and provides information on the operating activities, performance and financial position of ATS Automation Tooling Systems Inc. ("ATS" or the "Company") and should be read in conjunction with the unaudited interim condensed consolidated financial statements of the Company for the first quarter of fiscal 2017 which have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are reported in Canadian dollars. The Company assumes that the reader of this MD&A has access to, and has read the audited consolidated financial statements prepared in accordance with IFRS and the MD&A of the Company for the year ended March 31, 2016 (fiscal 2016) and, accordingly, the purpose of this document is to provide a fiscal 2017 first quarter update to the information contained in the fiscal 2016 MD&A. Additional information is contained in the Company's filings with Canadian securities regulators, including its Annual Information Form, found on SEDAR at www.sedar.com and on the Company's website at www.atsautomation.com.