ATS narrows Q4 net loss as revenues jump to $747 million

ATS (NYSE:ATS) today reported a significant narrowing of its net loss for the fourth quarter of fiscal 2026, supported by robust top-line revenue growth, even as forward-looking order metrics cooled.

The company posted a net loss of $16.2 million for the three-month period ended March 31, 2026, marking a substantial recovery from the net loss of $68.9 million recorded in the same quarter a year ago.

Basic loss per share shrank to 16 cents, compared to a basic loss of 70 cents per share in the prior-year period.

Revenues for the quarter climbed to $747.1 million, up from $574.2 million during the corresponding period last year.

Adjusted revenues, which normalize for specific accounting impacts, stood at $744.3 million against $721.1 million a year ago.

Core operational profitability remained stable.

Adjusted EBITDA reached $102.5 million, up from $97.1 million in the previous year's fourth quarter.

However, adjusted basic earnings per share experienced a minor compression, dropping to 36 cents from 41 cents a year earlier, reflecting shifts in product delivery mix and ongoing corporate initiatives.

Despite the improving backward-looking performance, forward-looking indicators showed a deceleration in demand.

Order bookings for the quarter fell to $704 million, down from $863 million in the prior year.

This drop in new contract wins brought the total order backlog down to $1,958 million, compared to $2,139 million as of March 31, 2025.

Management indicated that the company is actively executing optimization strategies to re-align capacity with evolving market demand across its global production footprint.