ATS Automation Powers Through Q4 with 11% Revenue Growth, Sets Sights on Stronger Financial Performance
ATS Automation, a global leader in automation technology, has reported impressive results for its fourth quarter and full-year fiscal 2026. The company's revenue and adjusted earnings from operations grew by approximately 11%, solidifying its position as a key player in the industry.
"We've spent time with our business leaders and teams," said Doug Wright, Chief Executive Officer of ATS Automation. "This has sharpened my conviction about what makes ATS distinctive - our people's focus on customers and commitment to innovating so that our businesses excel."
Wright highlighted the company's ability to engineer and deliver in markets of consequence, where its expertise and precision execution are relied upon by customers. A notable example is the evolution of its digital twin offering, moving beyond individual project execution to provide continuous support to customers.
ATS Automation has set its sights on stronger financial performance through disciplined execution, a greater mix of aftermarket revenue, sharper commercial acumen, innovation, and improved utilization of its asset base. The company is taking several actions to better position its portfolio, including consolidating businesses previously involved in transportation and refocusing their capacity to other areas.
One example of this new focus is ATS Automation's partnership with a customer on novel technology to break down end-of-life tires and recover reusable byproducts. This project brings together the company's engineering expertise, digital tools, and lifecycle support to address a complex environmental challenge.
The integration of ATS Automation's aftermarket businesses directly into its operating units has also improved margins and revenue predictability. The company continues to evaluate its portfolio based on strategic focus areas and market dynamics, with further actions aligned to goals of continued growth and cash flow efficiency.
ATS Automation reported Q4 adjusted revenues up 3% versus last year, while order bookings were down 18%, reflecting the presence of several large enterprise orders in the prior period. However, excluding transportation, the company's three-year CAGR on adjusted revenues and order bookings is approximately 12%, reinforcing the strength of its chosen markets.
Looking ahead to fiscal 2027, ATS Automation's life sciences funnel remains broad, extending beyond single program types into areas such as mail order pharmacy, automated visual inspection, and lab automation. The company's radiopharma business continues to build momentum and remains a key growth driver, supported by growing customer investment across the value chain.
