ATS management commentary attributes Q2 fiscal 2027 net loss to lower revenues
ATS•ATS reported a CAD 5 million net loss for its second quarter of fiscal 2027, compared with CAD 33.6 million net income a year earlier, as revenue fell 8.6% to CAD 665.8 million. It forecast third-quarter revenue of CAD 640 million to CAD 680 million.
1. Quarterly results
ATS said second-quarter fiscal 2027 revenue declined 8.6% to CAD 665.8 million, attributing the drop to normalized GLP-1 activity and weakness outside life sciences. Lower volumes and business mix cut adjusted operating earnings 27.4% to CAD 57.4 million and reduced adjusted operating margin to 8.6%. The company recorded a CAD 5 million net loss, compared with CAD 33.6 million net income a year earlier, primarily reflecting lower revenue.
2. Outlook and orders
ATS said order delays, exacerbated by tariff uncertainty, put its previous annual revenue-growth and margin-expansion goals out of reach. It forecast third-quarter revenue of CAD 640 million to CAD 680 million. Order bookings increased 12.7% to CAD 827 million, primarily reflecting large enterprise orders, partly offset by lower nuclear refurbishment activity.
