This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:ATS Automation Tooling earns $57.5-million in 2009 2009-06-10 06:43 ET - News Release Mr. Anthony Caputo reports ATS REPORTS ANNUAL AND FOURTH QUARTER FISCAL 2009 RESULTS ATS Automation Tooling Systems Inc.
today released its financial results for the three and 12 months ended March
31, 2009. Annual consolidated revenue increased by 29 per cent to $855.1-million;
consolidated earning from operations increased 641 per cent to $66.1-million; and
earnings increased to 61 cents per share (basic) and 60 cents per share diluted
compared with a loss of 33 cents per share (basic and diluted) a year ago.
Fourth quarter highlights: - Consolidated revenue increased to $201.8-million from $186.5-million
a year ago;
- Consolidated earnings from operations increased to $17.7-million from
$8.2-million a year ago;
- Earnings increased to 16 cents per share (basic) and 15 cents per share
(diluted) compared with 10 cents per share (basic and diluted) a year ago;
- Cash net of debt improved to $118.4-million at March 31, 2009, from
$45.8-million at Dec. 31, 2008;
- On Jan. 14, 2009, ATS completed an offering of 10 million common
shares for gross proceeds of $50-million (net proceeds of
approximately $47-million);
- The previously announced sale of the Precision Components Group was
completed;
- Subsequent to the end of the quarter, the company halted production
at Photowatt France for a three-week period to manage lower demand.
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