ATC - ATC STOCK NEWS

Atotech (NYSE: ATC) announced the resignation of Brian Bernasek from its Board of Directors effective January 31, 2022. Klaus-Günter Vennemann has been appointed as a new Director and member of the Audit Committee, effective February 1, 2022. Vennemann is an independent director and brings management consulting experience, previously serving as CEO of OSRAM AG's General Lighting business. Atotech specializes in advanced electroplating solutions and has annual revenues of $1.2 billion, with a global presence in over 40 countries.

Atotech (NYSE: ATC) reported Q3 2021 revenue of $383 million, up 18% year-over-year, with chemistry organic revenue growth of 6%. Net income soared 75% to $19 million. Adjusted EBITDA increased 10% to $112 million, with a margin of 29%. The company confirmed full-year organic revenue growth guidance of 13%-14% and narrowed Adjusted EBITDA guidance to $440-$450 million. The MKS Instruments acquisition is underway, pending regulatory approvals, expected to close in Q4 2021.

Atotech announces the successful results of its Court Meeting and General Meeting held on November 3, 2021, where shareholders voted overwhelmingly in favor of a scheme to be acquired by MKS Instruments. Over 99% of eligible shareholders supported the resolutions needed to implement the acquisition plan, initially agreed upon on July 1, 2021. The scheme is anticipated to be effective in Q4 2021, pending court approval and other conditions. This acquisition marks a significant step for Atotech in enhancing its strategic position in advanced electroplating solutions.

Atotech (NYSE: ATC) and AT&S have announced a collaboration aimed at enhancing energy efficiency in AT&S's production processes. This initiative supports AT&S's climate goals of reducing carbon emissions and freshwater usage by 5% and 3%, respectively. Atotech will provide IIOT software solutions and hardware optimizations, leveraging its expertise in sustainable technologies. This partnership exemplifies both companies' commitment to innovation and environmental responsibility, with Atotech known as a leading provider of integrated surface-finishing solutions.

Atotech (NYSE: ATC) will release its third quarter 2021 earnings on November 9, 2021, at 6:00 a.m. Eastern time. Due to an ongoing transaction with MKS Instruments, the company will not host a conference call to discuss the results. Atotech is a market leader in specialty chemicals and advanced electroplating solutions, generating annual revenues of $1.2 billion as of 2020. Headquartered in Berlin, the company operates in over 40 countries, serving more than 9,000 customers in sectors like consumer electronics, automotive, and industrial applications.

Atotech has announced the publication of the Scheme Document regarding its acquisition by MKS Instruments, which was initially agreed upon on July 1, 2021. The acquisition will proceed via a scheme of arrangement requiring shareholder and court approval. Key events include a court and general meeting scheduled for November 3, 2021, to discuss the scheme. Shareholders are encouraged to attend remotely due to COVID-19 considerations. The acquisition is expected to be effective in Q4 2021, pending all necessary approvals.

Atotech (NYSE: ATC) reported a strong second quarter of 2021 with revenue reaching $377 million, a 44% increase year-over-year.

Net income was $30 million, recovering from a $283 million loss in Q2 2020. Adjusted EBITDA hit a record $118 million, up 63% from last year.

The company raised its full-year 2021 guidance, expecting organic revenue growth of 13-14% and Adjusted EBITDA of $435-450 million. The Electronics segment saw a 33% revenue increase, while the General Metal Finishing segment surged by 71%.

Atotech (NYSE: ATC), a leader in specialty chemicals technology, will announce its Q2 2021 earnings on August 11, 2021, at 6:00 a.m. ET. A conference call will follow at 8:00 a.m. ET to discuss the results, accessible via a live broadcast on their website. Atotech, headquartered in Berlin, generated $1.2 billion in revenue in 2020, employing 4,000 experts globally across over 40 countries. Their solutions cater to diverse markets including consumer electronics, automotive, and industrial applications. More details can be found on their official site.

Atotech (NYSE: ATC) has launched a Covid-19 relief campaign in collaboration with NABET INDIA, targeting the Sidhrawali and Manesar areas in India. The initiative aims to support local communities through the distribution of personal protective equipment (PPE), testing, vaccination services, and food rations for families impacted by the pandemic. Over two months, the campaign is expected to assist around 2,000 people. Atotech's ongoing commitment to Corporate Social Responsibility includes community engagement and partnerships to enhance safety and well-being during challenging times.