If I'm reading this right ...They were dinged with a larger deferred compensation fee on an acquisition, but this is not a carry forward issue into next year. Higher than anticipated sales are always good!
Blaming CEWS program withdrawal for staffing costs is a red flag, particularly if they still had issues with staffing. Good lord, where did all of the unskilled workers go, everyone is short.
Input material costs is also a challenging one, but also sounds like production inefficiency drivers.
And all this on what seems to be a fairly tight margin business.
Looks llike they have a bit of work to do on this family business, but there is upside after this shellacking.