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Automation Tooling Systems Inc.

11:03 AM EST - Automation Tooling Systems Inc. : Reported financial results for the three months ended June 30, 2019. Revenues increased 13% to $339.2 million. Organic growth in revenues was 4% with 9% coming from acquired businesses KMW and Comecer. Earnings from operations were $28.6 million (8% operating margin), compared to $27.0 million (9% operating margin) a year ago. Adjusted earnings from operations were $38.0 million (11% margin), compared to $32.6 million (11% margin) a year ago. EBITDA was $47.2 million (14% EBITDA margin), compared to $36.8 million (12% EBITDA margin) a year ago. Earnings per share were 18 cents basic and diluted compared to 18 cents a year ago. Adjusted basic earnings per share were 25 cents compared to 22 cents a year ago. Automation Tooling Systems Inc. shares T.ATA are trading down $0.53 at $19.07.