07:06 AM EDT, 08/07/2025 (MT Newswires) -- ATS (ATS.TO) on Thursday reported lower first-quarter adjusted earnings despite higher revenue.

Adjusted operating earnings fell 8.8% to $78.6 million, or $0.41 per basic share, from $86.2 million, or $0.50 per basic share, in the prior year period. Analysts polled by FactSet had expected $0.44 per share.

Revenue rose 6.1% over the same period, to $736.7 million, beating the $712.20 million forecast. Revenue was boosted by contributions from acquired companies and foreign exchange impact.

"Today ATS reported our first quarter results for fiscal 2026, with revenue growth, including contributions from recent acquisitions, and adjusted earnings margins in line with our expectations," said Andrew Hider, chief executive officer. "These results reflect continued focus on our value drivers, the resilience of our business model, and the dedication of our global teams."

Hider departs the company today to pursue another leadership opportunity. Current Chief Financial Officer Ryan McLeod will assume the role of interim CEO.