ATS Corp /ATS
For the period ended Mar 31, 2026. Filed May 28, 2026.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2026 · Filed May 28, 2026
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Contents
EX-99.3 · Restructuring
Restructuring
Restructuring charges are recognized in the period incurred and when the criteria for provisions are fulfilled. Termination benefits are recognized as a liability and an expense when the Company is demonstrably committed through a formal restructuring plan.
The Company periodically undertakes reviews of its operations to ensure alignment with strategic market opportunities including the realignment of the cost structure and capital needs of its businesses. During the year ended March 31, 2026, restructuring expenses of $23,128 were recorded in relation to these activities (March 31, 2025 - $23,972). The costs incurred related primarily to workforce reductions.
Included in the restructuring provisions are $468 of costs classified as long-term due to country-specific requirements for termination benefits (March 31, 2025 - $1,000).
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