Operating Earnings Up, Record High Order Bookings
CAMBRIDGE, ON, May 20 /CNW/ - ATS Automation Tooling Systems Inc. today reported its financial results for the three months ended March 31, 2004, including sharp increases in revenue, Operating Earnings, Automation Systems Order Bookings and Order Backlog.Due to the significant negative impact of changes in foreign currency exchange rates, which reduced fourth quarter net earnings by an estimated $4.7 million (8 cents per share), and unusual charges of $5.9 million after income taxes (10 cents per share), net loss for the three months ended March 31, 2004 was $3.1 million (5 cents per share basic and diluted).Excluding unusual charges, net earnings were $2.8 million (5 cents per share) compared to $0.9 million (2 cents per share) in the fourth quarter of last year.For more information, go to: www.atsautomation.com/profile/news/2004/052004.htm
