ATS Corporation (NYSE:ATS) Q4 2024 Earnings Conference Call May 16, 2024 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

David Ocampo - Cormark Securities
Michael Doumet - Scotiabank
Joe Ritchie - Goldman Sachs
Michael Glen - Raymond James
Justin Keywood - Stifel
Patrick Baumann - JPMorgan
Maxim Sytchev - National Bank Financial
Cherilyn Radbourne - TD Securities

Operator

Welcome to the ATS Corporation Fourth Quarter Conference Call and Webcast. This call is being recorded on May 16th, 2024 at 8:30 A.M. Eastern Time. Following the presentation, we will conduct a question-and-answer session.

I'd now like to turn the call over to David Galison, Head of Investor Relations at ATS. You may now go ahead.

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 the 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, everyone, and thank you for joining us. Today ATS reported our fourth quarter and annual results. For the fiscal year as a whole, ATS drove profitable growth, supported by the highest revenues and earnings in company history.

In the fourth quarter, we delivered one of our strongest bookings quarters on record along with record revenues. Adjusted earnings were in line with our expectations. Our value creation strategy is being advanced as we completed four acquisitions during fiscal '24 and continued to invest in innovation, increasing our patent portfolio by almost 10% over last year.

In addition, we have been active with our share buyback program since late March, having deployed $45 million to repurchase just over 1 million shares. The results reported today reflect the importance of deploying our strategy and our chosen markets, along with our team's commitment to the ABM as we drive continuous improvement throughout our global operations. This morning I will update you on the business and our markets, and then Ryan will provide his financial report.