A maker of custom automated manufacturing systems, ATS designs and builds the machines that assemble everything from electric-vehicle batteries and medical devices to consumer products for factories around the world. Founded in Cambridge, Ontario in 1978 by German-born engineer Klaus Woerner, the company started as Automation Tooling Systems—a name that literally described its beginnings in automated tooling and assembly lines. Woerner, who reportedly came to Canada with little money, grew it from a single machine shop into one of the world's largest automation builders.
ATS announces director election results and NCIB share purchases
All eight nominee directors were elected at ATS's virtual Annual and Special Meeting of Shareholders on August 6, 2026, with votes for ranging from 93.16% to 99.98%.
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Shareholder turnout was 88.12% of ATS common shares.
ATS has purchased 146,085 common shares under its normal course issuer bid at an average price of $29.08, for an aggregate cost of approximately $4.25 million.
The NCIB allows purchases of up to 8,225,621 common shares through December 21, 2026.
Final voting results will be filed on SEDAR+ and EDGAR.
ATS Corporation reports Q1 FY2027 revenue of $693.7M, down 5.8% year-over-year
First quarter revenues were $693.7 million, a 5.8% decrease from $736.7 million in the prior-year quarter.
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Net income was a loss of $0.3 million, compared to net income of $24.3 million in the prior-year quarter.
Adjusted earnings from operations were $68.1 million, down 13.4% from $78.6 million a year ago.
Order Bookings were $656 million, down 5.3% year-over-year, and Order Backlog was $1,889 million, down 8.7%.
Management initiated a Fixed Cost Transformation Program, with an initial European footprint consolidation expected to reduce annual costs by approximately $20 million.