By Adriano Marchese

ATS Automation Tooling Systems Inc. reported 51% higher revenue in the fourth quarter of fiscal 2022 and said a stronger Canadian dollar relative to the euro had a negative effect on both revenue and bookings.

On foreign-exchange effects:

The Canadian designer and builder of factory automation systems said revenue rose to 603.2 million Canadian dollars, or US$467.9 million, in the three months ended March 31.

"Foreign exchange translation negatively impacted revenues by C$10.6 million or 2.7%, primarily reflecting the strengthening of the Canadian dollar relative to the euro."

"Fourth quarter fiscal 2022 Order Bookings were C$638 million, a 37.8% year-over-year increase. This reflected organic growth of 1.0% and 39.5% growth from acquired companies, partially offset by a 2.7% decrease due to foreign exchange rate translation of order bookings by ATS' global subsidiaries, primarily reflecting the strengthening of the Canadian dollar relative to the euro."

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

05-19-22 0649ET