By Adriano Marchese


ATS Corp. on Thursday reported a rise in profit in its fiscal third quarter, benefiting from new revenue from its recent acquisitions and a strong U.S. dollar conversion in the period.

The Canadian factory automation systems company reported net income of 29.2 million Canadian dollars ($21.7 million), or C$0.32 a share for the three months ended Jan. 1, compared with the same quarter last year when it earned C$23.9 million, or C$0.26 a share.

On an adjusted basis, earnings per share remained unchanged at C$0.52, which was in line with analyst expectations, according to FactSet.

Revenue rose over 18% to C$647 million, while consensus estimates by analysts expected a more modest increase to C$624.1 million.

The company cited year-over-year organic revenue growth of C$52.4 million, and C$41 million contributed by acquired companies. ATS Corp. also benefited from a stronger U.S. dollar, which boosted revenue by C$6.8 million.

ATS Corp. said order bookings were 46% higher at C$979 million, and its order backlog in the quarter rose to C$2.14 billion, compared with C$1.47 billion.


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


(END) Dow Jones Newswires

02-09-23 0633ET