ATS Automation earns $3.7 million from continuing operations in third quarter

The Canadian Press ~ The News
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CAMBRIDGE, Ont. - ATS Automation Tooling Systems Inc. (TSX:ATA) says its revenue and profit from continuing operations were down in its fiscal third quarter, which ended Dec. 27.
The Ontario-based company, which makes manufacturing equipment as well as solar energy products, says its net income from continuing operations was $3.7 million or four cents per share in the three months ended Dec. 27, 2009.
That's down from $15.8 million or 20 cents per share from continuing operations in the year-earlier quarter ended Dec. 31, 2008. If discontinued operations were included, the year-earlier profit equalled 16 cents per share.
ATS revenue in the third quarter of the current fiscal year fell to $138.1 million from $221.7 million a year earlier.
The biggest decline in revenue was at the company's automated systems group, where sales fell to $78.6 million from $144.1 million.
Sales at the Photowatt group also declined, to $59.7 million from $79.1 million.

Organizations: ATS Automation Tooling Systems Inc., TSX

Geographic location: CAMBRIDGE

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