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ATS Automation Tooling Systems Inc. (ATA.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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48.15+0.48 (+1.01%)
As of 12:05PM EST. Market open.
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  • A
    Adam
    Talk about a strategic acquisition... bridges to further pharmaceutical development and higher margin revenue streams.

    CAMBRIDGE, ON, Nov. 7, 2021 /CNW/ - ATS Automation Tooling Systems Inc. (TSX: ATA) ("ATS" or the "Company"), an industry-leading automation solutions provider, today announced it has entered into a definitive agreement to acquire SP Industries, Inc. ("SP"), a designer and manufacturer of high-grade biopharma processing equipment, life sciences equipment, and lab apparatus products for US$445 million (~C$550 million), subject to customary post-closing adjustments, representing 15.3x SP's trailing 12 month adjusted EBITDA or 11.9x post synergies.

    "SP greatly expands our capabilities and offerings through the addition of its aseptic and non-aseptic lyophilization portfolio and its fill-finish solutions and enhances our position in the pharmaceutical drug development and production end-markets," said Andrew Hider, CEO of ATS. "SP participates in highly attractive segments where growth is driven by a robust pharma drug pipeline, rising usage of biologics and increasing lyophilization of products. Notably, the combination of ATS and SP will allow us to better support the needs of our customers throughout the lifecycle of pharmaceutical development and production, as well as in diagnostics, broader life sciences and applied sciences applications. With its proven track record and talented team, SP will be a strong contributor to the ATS family offering compelling sales synergy potential with our life sciences businesses including Comecer."
  • A
    Adam
    What a phenomenal ER. The highlights:

    Revenues increased 55.6% year over year to $522.1 million.

    Earnings from operations were $55.4 million (10.6% operating margin), compared to $23.4 million (7.0% operating margin) a year ago. Adjusted earnings from operations1 were $70.7 million (13.5% margin), compared to $40.1 million (12.0% margin) a year ago.

    EBITDA1 was $81.2 million (15.6% EBITDA margin), compared to $41.5 million (12.4% EBITDA margin) a year ago. Adjusted EBITDA1 was $83.3 million (16.0% adjusted EBITDA margin), compared to $49.6 million (14.8% adjusted EBITDA margin) a year ago.

    Earnings per share were 41 cents basic and diluted compared to 13 cents a year ago.

    Adjusted basic earnings per share were 53 cents compared to 26 cents a year ago.

    Order Bookings were $510 million, 26.6% higher compared to $403 million a year ago.

    Order Backlog increased 35.5% to $1,295 million at September 26, 2021 compared to $956 million a year ago.
  • E
    EnergyMan
    Amazing earnings! To $50 we go!
    Bullish
  • A
    Adam
    Volume still meh but someone bought 40,500 shares at 12:23pm around 42.70, that's confidence..
  • Y
    Yahoo Finance Insights
    ATA.TO is up 5.17% to 50.48
  • Y
    Yahoo Finance Insights
    ATA.TO reached an all time high at 50.00
  • Y
    Yahoo Finance Insights
    ATA.TO is up 5.19% to 47.24
  • M
    Mike
    why this stock drops so fast? any news?
    Bullish
  • T
    T
    I was thinking the same thing...it says about uncertainty of the acquisition due to covid? But I believe this is a future prospective company? I can hold it for a long term if so.
  • A
    Adam
    Check out that revenue growth still only trading at 4B.. will be well over 4B in revenue in 2023 you will be laughing because covid is done and you bought shares in the 40s.. small float, could get crazy in here
  • Y
    Yahoo Finance Insights
    ATA.TO reached an all time high at 47.95
  • B
    Bailey
    is the tesla acquisition a good thing for the stock
  • E
    EnergyMan
    Why is this stock always green?
    Bullish
  • S
    Sheepdip
    Wow glad I bought this at 29 dollars. Sadly only 100 shares
  • P
    Patrick Chan
    ATA.TO is up more than 75% since October 2020 but this board is so quiet.
  • A
    Adam
    Nothing major but a solid acquisition. I don't lose any sleep over this one.
    Bullish
  • B
    BC3
    did I read this right? $1.2B in order backlog?
  • Y
    Yahoo Finance Insights
    ATA.TO is down 4.91% to 22.06
  • J
    Jamie
    Great results, it's important for investors to look through the impact on earnings from stock based compensation especially when the stock goes on a strong run or gets hit hard.
  • Y
    Yahoo Finance Insights
    ATA.TO is up 5.79% to 39.99
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