ATS notes quarter-on-quarter revenue increase

Automation-product manufacturer Automation Tooling Systems (ATS) has revealed that company revenue increased to $106.6m (£66.9m) in the first quarter of fiscal 2011 compared with $91.5m in the fourth quarter of 2010, but decreased from $115.2m in the prior-year period.

EBITDA was $17.7m, compared with $21.1m in the previous quarter and $16.7m a year ago, while order bookings declined to $85m from $105m and $96m in the fourth and first quarter of last year, respectively.