By Adriano Marchese

ATS profit jumped in its third quarter thanks to growth across all its markets which boosted revenue growth above its guidance.

For the three months ended Dec. 28, the Canadian factory automation and technology company on Wednesday posted a higher net income of 30 million Canadian dollars ($22 million), or C$0.31 a share, up from C$6.5 million, or C$0.07 a share, in the comparable quarter a year ago.

Adjusted earnings were C$0.48 a share, coming in ahead of analyst expectations of C$0.44 a share, according to FactSet.

Revenues increased 17% to C$760.7 million, topping both its own guidance of between $C$700 million and C$740 million, as well as expectations by analysts of C$722.5 million.

The growth in revenue was primarily due a 13% rise in organic revenues across all its markets, with the exception of transportation which the company said was expected, as well as a boost from foreign exchange translation.

Order bookings came in at C$821 million, down from C$883 million last year, while order backlog held steady at C$2.05 billion compared with C$2.06 billion a year ago.

In recent months, the company has seen management changes at its top positions. In December, Doug Wright was appointed chief executive officer, joining the company in mid-January, a few days before Chief Financial Officer Ryan McLeod resigned to take on the CFO role at Canadian aviation-training and simulation company CAE.

Looking ahead to the fourth quarter, ATS expects revenue in the range of C$710 million to C$750 million, while its order backlog is expected to help mitigate some of the impact of quarterly variability in order bookings on revenues in the short term, it said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 04, 2026 06:33 ET (11:33 GMT)

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