Atlas Engineered Products (“AEP”) announces its preliminary financial results for the three months and full year ended December 31, 2022.
The Company has continued to carry the strong momentum generated in the first nine months into the Q4 2022. The Company expects to recognize revenues of approximately $14.9 million for the three months ended December 31, 2022, expected to represent a 7% increase from the three months ended December 31, 2021 during which the Company reported revenues of just under $13.9 million. It should be noted that the Company’s Q4 is traditionally a slower quarter due to weather conditions in most of the Company’s markets.
For the fiscal year ended December 31, 2022, the Company expects to recognize revenues of approximately $61.8 million compared to revenues of just under $55 million reported by the Company for the year ended December 31, 2021, expected to represent an increase of $6.8 million, or 12%.
These results are still pending external audit completion and may change by the time final fiscal 2022 results are reported and filed. Full audited 2022 year end financial results are expected to be released before the end of April 2023.
AEP is a growth company that is acquiring and operating profitable, well-established operations in Canada’s truss and engineered products industry.
