Atlas Engineered Products Reports Third Quarter 2024 Financial and Operating Results

Atlas Engineered Products
November 25, 2024
Category: Finance & Economics
Region: Canada, Canada West

Nanaimo, British Columbia — Atlas Engineered Products is pleased to announce its financial and operating results for the three and nine months ended September 30, 2024. All amounts are presented in Canadian dollars.

  • Revenue of $16.5M, representing an increase of 15% year-over-year
  • Wall Panel revenue increased by 120% year-over-year
  • Engineered Wood Products revenue increased by 48% year-over-year
  • Adjusted EBITDA of $3.05M, representing an increase of 3% year-over-year, despite costs of $0.2M associated with automation and expansion of the sales team
  • Sales team has expanded by 63% year-to-date and expect to see significant contributions to revenue growth and profitability in 2025

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