Based on the information included in theâŻBusinessâŻWire release for ATSâŻCorporationâs firstâquarter fiscalâŻ2026 results, there is no explicit mention of any oneâtime items, nonârecurring gains or losses, or special accounting adjustments that affected the quarterâs financial performance.
What the release tells us
Metric | Q1 FYâŻ2026 (endedâŻJuneâŻ29âŻ2025) | YoY Change |
---|---|---|
Revenue | C$âŻ736.7âŻmillion | +6.1âŻ% |
Net income | C$âŻ24.3âŻmillion | â31.5âŻ% (down from C$âŻ35.3âŻmillion) |
Basic EPS | C$âŻ0.25 | â22âŻ% (down from C$âŻ0.36) |
The narrative highlights only the percentage change in revenue and the decline in net income/EPS; it does not provide a breakdown of the results (e.g., âexcluding acquisitionârelated costsâ or âimpairment chargesâ).
Typical places where oneâtime items would be disclosed
In quarterly earnings releases, companies usually flag items such as:
Category | Example |
---|---|
Impairments / Writeâdowns | Asset or goodwill impairments, inventory writeâdowns |
Acquisitionârelated costs | Transaction fees, integration expenses, fairâvalue adjustments |
Restructuring or closure charges | Plant closures, severance, relocation costs |
Nonârecurring gains/losses | Sale of a business unit, litigation settlements |
Tax adjustments | Oneâtime tax benefits or charges |
Shareâbased compensation adjustments | Changes to stockâoption expense due to a new plan |
Currency effects | Extraordinary foreignâexchange gains/losses |
When such items are material, companies normally call them out explicitly (e.g., âNet income includes a C$âŻ5.0âŻmillion impairment chargeâ) or present a ânonâGAAP adjusted earningsâ figure. None of these disclosures appear in the snippet you provided.
Likelihood of unâdisclosed items
- Netâincome decline: The drop from C$âŻ35.3âŻmillion to C$âŻ24.3âŻmillion 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 âadjustedâ EPS line: Some companies publish an âadjusted EPSâ when oneâtime items materially affect GAAP earnings. ATSâs release does not list such an adjusted metric, further suggesting that the company did not consider any item to be âexceptionalâ enough to merit a separate presentation.
What to do next if you need certainty
- Read the full earnings release â The complete press release (often longer than the brief excerpt) typically includes a âManagement Discussion and Analysis (MD&A)â or a âNotes to the Financial Statementsâ section that will list any significant nonârecurring items.
- Check the accompanying pressârelease filing (e.g., TSX news release or FormâŻ40âF/10âK) â These filings must disclose material adjustments, impairments, or special items.
- Review the quarterâs financial statements â The âConsolidated Statement of Activitiesâ footnotes will enumerate any extraordinary gains/losses, impairment charges, or accounting policy changes.
- Listen to or read the earnings call transcript â Management often provides context on why net income changed and whether any oneâtime factors were at play.
Bottom line
From the excerpt provided, no oneâtime items or accounting adjustments are identified as influencing ATSâs Q1 FYâŻ2026 results. To confirm definitively, you would need to consult the full press release or the companyâs detailed financial filings for that quarter.