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ATS Automation Tooling Systems reports $8 million profit for third quarter


November 7, 2012
By The Canadian Press

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ATS Automation Tooling Systems Inc. said Wednesday it earned $8 million in its latest quarter as revenue slipped from a year ago.

The Cambridge, Ont.-based manufacturing equipment maker said profits amounted to nine cents per share for the quarter ended Sept. 30 compared with a loss of $67.1 million or 76 cents per share a year ago.

Excluding discontinued operations, the company said it earned $9.7 million or 11 cents per share, up from $9.3 million or 11 cents per share a year ago.

Revenue totalled $141.4 million, down from $145.9 million.

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“Second-quarter performance reflected our solid financial and operating platform, which allowed us to operate profitably and generate cash despite some challenges,” chief executive Anthony Caputo said in a statement.

ATS employs approximately 2,400 people at 20 factories in Canada, the United States, Europe and Asia.