ATS Posts F4Q Ebitda Beat but Softer Bookings Point to Cooling Demand -- Market Talk

Dow Jones
05/28

1004 ET - ATS is seeing demand momentum cooling, moderating revenue growth. TD Cowen's Cherilyn Radbourne says F4Q Ebitda came in slightly ahead of expectations, but bookings were a slight miss and book-to-bill ratio declined. Meanwhile, backlog fell 9% from a year earlier. "ATS' outlook for modest revenue growth in F2027 is a little disappointing, but it expects 50bps-75bps of F2027 margin improvement, supported by a transportation restructuring," Radbourne says. ATS is re-positioning its transportation business towards niche applications outside largescale automotive, according to the analyst. The reorganization in transportation is also expected to remove C$50mm of dilutive revenue, she says. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

May 28, 2026 10:04 ET (14:04 GMT)

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