ATS Corporation Stock Soars 15.3% on EV Settlement

ATS Corporation's stock surged 15.3% in pre-market trading on May 27, 2025, driven by a significant settlement agreement with an Electric Vehicle (EV) customer.

ATS Corporation announced a settlement agreement with its EV customer, resolving a previously disclosed dispute. The settlement amount is approximately $135 million, which is expected to be received in the first quarter of fiscal 2026. This development has positively impacted investor sentiment, contributing to the stock's pre-market rally.

The company also released preliminary financial results for the fourth quarter of 2025. The preliminary figures include revenues of C$721 million, a loss from operations of C$113.6 million, and a net loss of C$68.9 million. Despite the losses, the adjusted EBITDA stood at C$97.1 million, and the adjusted basic earnings per share were C$0.41. The order bookings for the quarter were C$863 million, with an order backlog of C$2.139 billion.

ATS Corporation is scheduled to report its full financial results for the three and twelve months ended March 31, 2025, after markets close on Wednesday, May 28. The company's earnings call for the fourth quarter is also planned for the same day, providing investors with more detailed insights into the company's performance and future outlook.