ATS Corp /ATS
For the period ended Sep 27, 2026. Filed Nov 4, 2026.
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Sep 27, 2026 · Filed Nov 4, 2026
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EX-99.2 · 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. In addition, in the first quarter of fiscal 2027, the Company announced its Fixed Cost Transformation Program (the "Program"), a multi-phase initiative to simplify the Company's operating structure, optimize its global footprint, and reduce fixed costs. During the three and six months ended September 27, 2026, restructuring expenses of $21,293 and $26,951, respectively, were recorded in connection with the Program and with other restructuring activities (September 28, 2025 - $nil and $2,493, respectively).
Included in the restructuring provisions are $4,775 of costs classified as long-term due to country-specific requirements for termination benefits (March 31, 2026 - $468).
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