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Atlas Engineered Products Ltd V.AEP

Alternate Symbol(s):  APEUF

Atlas Engineered Products Ltd. is a manufacturer of trusses, wall panels and a supplier of engineered wood products. The Company operates manufacturing and distribution facilities in British Columbia, Manitoba, and Ontario to meet the needs of residential and commercial builders. Its products include roof trusses, floor trusses, wall panels, floor joists, floor panels, project management and site assembly services, and design, engineering and permitting services. It also distributes a range of various engineered wood products for use by builders of residential and commercial wood-framed buildings. These include single-family homes, townhouses, multi-story wood-framed residential buildings, commercial buildings, and agricultural structures. Its subsidiaries include Clinton Building Components Ltd., Satellite Building Components Ltd., Atlas Building Systems Ltd., Pacer Building Components Ltd., South Central Building Systems Ltd., and Novum Building Components Ltd.


TSXV:AEP - Post by User

Post by thegoldenmanon Mar 21, 2022 9:18am
156 Views
Post# 34530813

Atlas Engineered Products Announces Preliminary Q4 and Full

Atlas Engineered Products Announces Preliminary Q4 and Full The Company has continued to carry the strong momentum generated in the first nine months of 2021 into the fourth  quarter of 2021. The Company expects to recognize revenues of approximately $13.9 million for the three months ended December 31, 2021 , expected to represent a 25% increase from the three months ended December 31, 2020 during which the Company reported revenues of $11.1 million . It should be noted that the Company's fourth quarter is traditionally a slower quarter due to weather conditions in most of the Company's markets. For the fiscal year ended December 31, 2021 , the Company expects to recognize revenues of just under $55.0 million compared to revenues of $35.7 million reported by the Company for the year ended December 31, 2020 , expected to represent an increase of $19.3 million or 54%.
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