TORONTO, Nov 12 (Reuters) - ATS Automation Tooling Systems Inc ATA.TO reported a quarterly profit on Wednesday, compared with a loss in the year-prior period, helped by higher revenue in both its divisions and lower costs due to ongoing restructuring.
ATS, which makes manufacturing and other industrial equipment, reported second-quarter earnings of C$13.6 million ($11.2 million), or 12 Canadian cents a share. That compares with a loss of C$16.9 million, or 28 Canadian cents a share in the same period a year ago.
Cambridge, Ontario-based ATS said revenue rose 49 percent to C$219.5 million during the period ended Sept. 30, lifted by a stronger order backlog at its Automation Systems Group and lower operating margins in its Photowatt Technologies division.
The company said it has incurred C$19.7 million of an expected C$30 million in restructuring and severance costs. ATS said it more than offset those costs through asset sales. ($1=$1.21 Canadian) (Reporting by John McCrank, editing by Dave Zimmerman)