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ATS shares gain on results news


Shares of ATS Automation Tooling Systems ATS Automation Tooling Systems (TSX: ATA) is a Cambridge, Ontario based company which designs and builds factory automation solutions. They have designed and built more than 10,000 automation systems in the areas of medical devices, pharmaceuticals, telecommunications,  (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
: T.ATA (1) (AT Attachment) The specification for IDE drives. See IDE.

(2) See analog telephone adapter.

ATA - Advanced Technology Attachment
, Stock Forum) jumped 13% to $5.10 Wednesday, after the company reported its annual and fourth quarter results for fiscal 2009, including a jump in revenue and earnings annually and for Q4.

The company, which provides factory automation solutions for manufacturers, says revenue in Q4 increased to $201.8 million from $186.5 million in the same quarter last year. The company’s net income climbed to $14 million or 15 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
 in the quarter, compared to $10.3 million or 10 cents per share in last year’s Q4.

For the full year, the company’s consolidated revenue increased by 29% to $855.1 million, while net income reached $57.5 million or 60 cents per share, compared to $12.2 million or a loss of 33 cents per share last year.

"ATS has made good progress with our value creation plan even with the global financial crisis which is now presenting our businesses with significant challenges," said Anthony Caputo, the company’s CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "To deal with this, we are accelerating and expanding the consolidation and restructuring of Automation Systems operations, improvements to supply chain and approach to market, which will cost us between $4 million and $6 million in fiscal 2010. To keep Photowatt cost competitive, we are considering a plan to reduce the cost structure which may cost approximately $10 million in fiscal 2010," he added.

On the company’s Bullboard, awol1 said: “numbers seem decent...”

And, number581 replied: “Yes, your right. And those of us who have suffered with this stock for years are experiencing a modest reward today. I'll be interested to see if ATA is now able to climb into what I would consider to be a decent fair-value range based on my analysis of their financial metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM.  ($7.00 to $8.50)[sic]”…

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Author:Buzz on the Boards
Publication:Stockhouse
Date:Jun 10, 2009
Words:295
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