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BRIEF-ATS Q2 Earnings Per Share C$0.21

Published 2019-11-06, 08:02 a/m
BRIEF-ATS Q2 Earnings Per Share C$0.21
ATS
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Nov 6 (Reuters) - ATS Automation Tooling Systems Inc ATA.TO :

* ATS REPORTS SECOND QUARTER FISCAL 2020 RESULTS

* Q2 EARNINGS PER SHARE C$0.21

* Q2 REVENUE C$341.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$317.5 MILLION

* Q2 EARNINGS PER SHARE ESTIMATE C$0.24 -- REFINITIV IBES DATA

* ATS AUTOMATION TOOLING SYSTEMS - EXPECTS TO INCUR RESTRUCTURING COSTS OF ABOUT $25 MILLION, PRIMARILY IN THIRD AND FOURTH QUARTERS OF FISCAL 2020

* ORDER BACKLOG INCREASED 14% TO $945 MILLION AT SEPTEMBER 29, 2019 COMPARED TO $830 MILLION A YEAR AGO.

* ATS AUTOMATION TOOLING SYSTEMS - EXPECTS ANNUALIZED IMPROVEMENTS TO OPERATING EARNINGS OF ABOUT $15 MILLION TO $18 MILLION, COMMENCING IN FISCAL 2021

* QTRLY ADJUSTED BASIC EARNINGS PER SHARE OF 29 CENTS

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