ATS Corporation (ATSAF) Q3 2023 Results Conference Call February 9, 2023 8:30 AM ET

Company Participants

David Galison - Head of Investor Relations

Andrew Hider - Chief Executive Officer

Ryan McLeod - Chief Financial Officer

Conference Call Participants

Patrick Sullivan - TD Securities

David Ocampo - Cormark Securities

Michael Glen - Raymond James

Justin Keywood - Stifel

Sabahat Khan - RBC Capital Markets

Maxim Sytchev - National Bank Financial

Operator

Good morning, ladies and gentlemen. Welcome to the ATS Corporation Third Quarter Conference Call and Webcast. This call is being recorded on February 9, 2023 at 8:30 a.m. Eastern time. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. [Operator Instructions]

I'll now turn the call over to David Galison, Head of Investor Relations at ATS.

David Galison

Thank you, operator, and good morning, everyone. On the call today are Andrew Hider, Chief Executive Officer of ATS; and Ryan McLeod, Chief Financial Officer. Please note that our remarks today are accompanied by a slide deck, which can be viewed via our webcast and available at atsautomation.com.

We caution that the statements made on the webcast and conference call may contain forward-looking information and our cautionary statement regarding such information, including the material factors that could cause actual results to differ materially from the statements and the material factors or assumptions applied in making these statements are detailed on Slide 2 of the slide deck.

Now, it's my pleasure to turn the call over to Andrew.

Andrew Hider

Thank you, David. Good morning, ladies and gentlemen, and thank you for joining us. ATS is proud to report another quarter of record bookings, backlog and revenues. Adjusted earnings were in line with our expectation and as anticipated, cash generation was strong as EV programs progressed.

Despite continued economic volatility, our performance in this environment demonstrates the strength of our strategy and market focus and an unwavering commitment to the ATS business model, which is at the core of everything we do. In the quarter, we announced two acquisitions, made further progress on current integrations and published our sustainability report.

We also completed a corporate name change and rebranded to reflect the evolution of ATS as a diversified technologically advanced organization, delivering solutions that positively impact lives around the world. Our new name ATS Corporation under the new trading symbol, ATS, better reflects the Company we are today and creates consistency in our brand presence.