Nanaimo, BC — Atlas Engineered Products is pleased to announce its financial and operating results for the three months ended March 31, 2025. All amounts are presented in Canadian dollars.
- Revenue of $11M, representing an increase of 21% year-over-year
- Wall Panel revenue increased by 42% year-over-year
- Engineered Wood Products revenue increased by 30% year-over-year
- Adjusted EBITDA of $586,666, representing an increase of 137% year-over-year
Hadi Abassi, President and CEO of AEP, commented: “Despite the housing start statistics and convoluted political and economic climates, the Company delivered a 21% increase in revenue over last year and worked diligently to drive organic growth in wall panels and engineered wood products, in addition to increasing production on roof trusses. I am encouraged by the start of 2025 to continue our organic growth initiatives across Canada and strategic acquisitions that will further strengthen our geographical footprint.”