ATS Corp’s Mixed Earnings and Cost Transformation | Business and Finance News

ATS Corporation reports a mixed first-quarter earnings for fiscal 2027, with revenues down 5% due to lower backlog and planned automotive cuts—but strong demand in radiopharmaceuticals offers hope. The company kicks off an 18-month cost transformation focused on slashing overhead, streamlining SG&A, and targeting $20M in annualized savings starting in Europe. CEO Douglas Wright remains upbeat, betting AI will fuel growth and margins, aiming above the 15% target. CFO Anne Cybulski notes improved adjusted gross margin despite revenue dip, fueled by high-margin after-sales services, and acknowledges $5.7M in restructuring costs. With $1.9B in backlog, ATS expects margins to strengthen in H2 as cost cuts take effect, all while navigating global headwinds without major disruption—focused squarely on long-term shareholder value. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6baff9f6232686e9