Yahoo Finance ATS Full Year 2024 Earnings: Beats Expectations
ATS (TSE:ATS) Full Year 2024 Results
Key Financial Results
Revenue: CA$3.03b (up 18% from FY 2023).
Net income: CA$193.7m (up 52% from FY 2023).
Profit margin: 6.4% (up from 4.9% in FY 2023). The increase in margin was driven by higher revenue.
EPS: CA$1.98 (up from CA$1.39 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ATS Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%.
The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of CA$1.49b (49% of total revenue). Notably, cost of sales worth CA$2.17b amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CA$515.0m (77% of total expenses). Explore how ATS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Machinery industry in Canada.
Performance of the Canadian Machinery industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that ATS is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...
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