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