Are there any notable one‑time items or accounting adjustments affecting the results? | ATS (Aug 07, 2025) | Candlesense

Are there any notable one‑time items or accounting adjustments affecting the results?

Based on the information included in the Business Wire release for ATS Corporation’s first‑quarter fiscal 2026 results, there is no explicit mention of any one‑time items, non‑recurring gains or losses, or special accounting adjustments that affected the quarter’s financial performance.

What the release tells us

Metric Q1 FY 2026 (ended June 29 2025) YoY Change
Revenue C$ 736.7 million +6.1 %
Net income C$ 24.3 million ‑31.5 % (down from C$ 35.3 million)
Basic EPS C$ 0.25 ‑22 % (down from C$ 0.36)

The narrative highlights only the percentage change in revenue and the decline in net income/EPS; it does not provide a breakdown of the results (e.g., “excluding acquisition‑related costs” or “impairment charges”).

Typical places where one‑time items would be disclosed

In quarterly earnings releases, companies usually flag items such as:

Category Example
Impairments / Write‑downs Asset or goodwill impairments, inventory write‑downs
Acquisition‑related costs Transaction fees, integration expenses, fair‑value adjustments
Restructuring or closure charges Plant closures, severance, relocation costs
Non‑recurring gains/losses Sale of a business unit, litigation settlements
Tax adjustments One‑time tax benefits or charges
Share‑based compensation adjustments Changes to stock‑option expense due to a new plan
Currency effects Extraordinary foreign‑exchange gains/losses

When such items are material, companies normally call them out explicitly (e.g., “Net income includes a C$ 5.0 million impairment charge”) or present a “non‑GAAP adjusted earnings” figure. None of these disclosures appear in the snippet you provided.

Likelihood of un‑disclosed items

  • Net‑income decline: The drop from C$ 35.3 million to C$ 24.3 million could be driven by higher operating costs, lower margins, increased interest expense, or a higher effective tax rate, all of which can be part of normal, recurring operations.
  • Absence of a “adjusted” EPS line: Some companies publish an “adjusted EPS” when one‑time items materially affect GAAP earnings. ATS’s release does not list such an adjusted metric, further suggesting that the company did not consider any item to be “exceptional” enough to merit a separate presentation.

What to do next if you need certainty

  1. Read the full earnings release – The complete press release (often longer than the brief excerpt) typically includes a “Management Discussion and Analysis (MD&A)” or a “Notes to the Financial Statements” section that will list any significant non‑recurring items.
  2. Check the accompanying press‑release filing (e.g., TSX news release or Form 40‑F/10‑K) – These filings must disclose material adjustments, impairments, or special items.
  3. Review the quarter’s financial statements – The “Consolidated Statement of Activities” footnotes will enumerate any extraordinary gains/losses, impairment charges, or accounting policy changes.
  4. Listen to or read the earnings call transcript – Management often provides context on why net income changed and whether any one‑time factors were at play.

Bottom line

From the excerpt provided, no one‑time items or accounting adjustments are identified as influencing ATS’s Q1 FY 2026 results. To confirm definitively, you would need to consult the full press release or the company’s detailed financial filings for that quarter.