ATS Reports First Quarter Fiscal 2012 Results

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[{"type":"text","content":"\n\n\n\n\n\nCAMBRIDGE, ON, Aug. 17, 2011 /CNW/ - ATS Automation Tooling Systems Inc.\n (TSX: ATA) (\"ATS\" or the \"Company\") today reported its financial results for the\n three months ended July 3, 2011.\n\n\nIFRS\nAs of this current fiscal quarter, the results of ATS were prepared\n under International Financial Reporting Standards (\"IFRS\"), with a\n transition date of April 1, 2010. As a result, prior period comparative\n information reflects conversion from previous Canadian Generally\n Accepted Accounting Principles (\"GAAP\") to IFRS.\n\n\nDiscontinued Operations\nReflecting advancement of the Company's separation strategy via the\n spinoff of the Photowatt business, and as required under IFRS, the\n Company's solar operations were classified as \"held for distribution to\n owners\" on the balance sheet and as \"discontinued operations\" on the\n income statement. Continuing operations are those of Automation Systems\n Group (\"ASG\") and corporate and are reported as one segment.\n\n\nFinancial Results \n\n\nIn millions of Canadian dollars, \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n3 months ended\n\n\n \n\n\n \n\n\n \n\n\n3 months ended\n\n\nexcept per share data\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nJuly 3, 2011\n\n\n \n\n\n \n\n\n \n\n\nJune 27, 2010\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nRevenues \n\n\nContinuing Operations\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n126.9\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n101.8\n\n\nDiscontinued Operations\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n62.9\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n48.8\n\n\nEBITDA\n\n\nContinuing Operations\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n13.6\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n10.6\n\n\nNet income (loss) \n\n\nContinuing Operations\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n6.2\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n5.6\n\n\nDiscontinued Operations\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n(11.2)\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n(0.4)\n\n\nEarnings per share\n\n\nFrom continuing operations (basic diluted)\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n0.07\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n0.06\n\n\nFro...

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