ATS Corp Reports Full-Year Revenue Growth of 11%
The automation solutions provider reported full-year revenues of $2,972.9 million for the fiscal year ended March 31, 2026.
ATS Corporation (ATS), an automation solutions provider, reported full-year revenues of $2,972.9 million for the fiscal year ended March 31, 2026, compared to $2,533.3 million a year ago. The company said this represents approximately 11% growth in full-year revenue and adjusted earnings from operations.
For the fourth quarter, revenues were $747.1 million, up from $574.2 million in the prior-year period. Despite the revenue increase, the company reported a fourth-quarter net loss of $16.2 million, though this was an improvement over the $68.9 million net loss recorded in the same quarter a year ago. Basic loss per share for the quarter was 16 cents, compared to 70 cents a year ago.
Full-year net income rose to $71.7 million from a loss of $28.0 million in the previous year. Adjusted EBITDA for the full year was $413.0 million, compared to $368.9 million a year ago. Adjusted basic earnings per share for the year were $1.69, up from $1.47.
Market performance diverged across the company's segments. Adjusted revenues for the Energy market rose to $226.6 million from $124.0 million, and Consumer Products grew to $553.0 million from $335.7 million. Conversely, adjusted revenues from the Transportation market fell to $169.7 million from $331.8 million.
Chief Executive Officer Doug Wright said the company took steps to restructure and reposition transportation-related businesses by consolidating operations and right-sizing its facility footprint. The company is repositioning engineering and automation capabilities into applications where the return profile is more attractive.
Order activity showed a downward trend. Full-year order bookings were $2,952 million, compared to $3,305 million a year ago. Fourth-quarter order bookings were $704 million, down from $863 million in the prior-year quarter. The order backlog stood at $1,958 million as of March 31, 2026, compared to $2,139 million a year ago.
Cash flows from operating activities for the year were $448.4 million, compared to $25.8 million in the prior year. The company's debt-to-equity ratio was 0.89:1 as of March 31, 2026, down from 1.10:1 a year prior.
For the first quarter of fiscal 2027, the company expects to generate revenues in the range of $700 million to $740 million.