Announcement • May 19
Atlas Engineered Products Ltd. to Report Q1, 2026 Results on May 25, 2026 Atlas Engineered Products Ltd. announced that they will report Q1, 2026 results Pre-Market on May 25, 2026 Reported Earnings • May 05
Full year 2025 earnings released: CA$0.005 loss per share (vs CA$0.003 loss in FY 2024) Full year 2025 results: CA$0.005 loss per share (further deteriorated from CA$0.003 loss in FY 2024). Revenue: CA$62.6m (up 12% from FY 2024). Net loss: CA$375.4k (loss widened 77% from FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Apr 20
Atlas Engineered Products Ltd. to Report Q4, 2025 Results on Apr 30, 2026 Atlas Engineered Products Ltd. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Apr 30, 2026 Announcement • Apr 12
Government of Canada Announces with the Funding Atlas Engineered Products Ltd. Will Build A New, Cutting-Edge Wood Manufacturing Facility, Powered by Advanced Robotics For generations, Canada's vast forests and the economic opportunities they provide have sustained and powered Canadian towns, economies and communities from coast to coast to coast. In 2026, Canada's forest sector continues to face a watershed moment due to the pressure of unjust U.S. tariffs -- but as we centre our new Buy Canadian policy and look to be our own best customers as we build major infrastructure and affordable, new homes at scale, it is also facing real opportunity. The Government of Canada has a clear, confident strategy: protect what we have built and transform the sector so it can grow stronger, more resilient and more competitive for decades to come. on April 9, 2026, Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources, attended the BC Council of Forest Industries' Annual Convention, where he announced a federal investment of over $4 million under Natural Resources Canada's Investments in Forest Industry Transformation (IFIT) program for a project that will strengthen the wood construction supply chain and expand Canada's capacity to produce high value, made-in-Canada building materials. With the funding announced on April 9, 2026, Atlas Engineered Products Ltd. will build a new, cutting-edge wood manufacturing facility, powered by advanced robotics. Robotics will boost precision and efficiency and reduce waste while delivering strong, reliable wooden trusses made with care for the environment. Through projects like these, Canada is retooling its forest sector to go beyond traditional products into wood-based bioproducts, advanced biofuels and diversified pulp and paper products while also scaling up production of advanced building materials like mass timber. Through the Buy Canadian Policy, federal procurement is now prioritizing Canadian wood and engineered wood products. Through Build Canada Homes, Canadian lumber, mass timber and other advanced wood-based products are helping address Canadian housing needs while driving demand back into Canadian mills and manufacturing facilities. Canada's forest sector is more than an industry. It is a lifeline for communities, a source of good jobs and a driver of sustainable prosperity. By defending forest sector workers today, partnering with industry to modernize the sector for tomorrow and opening new markets at home and around the world, the Government of Canada is ensuring that the forest sector remains a pillar of national strength for generations to come. Reported Earnings • Nov 23
Third quarter 2025 earnings released: EPS: CA$0.027 (vs CA$0.013 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.027 (up from CA$0.013 in 3Q 2024). Revenue: CA$20.3m (up 23% from 3Q 2024). Net income: CA$1.87m (up 104% from 3Q 2024). Profit margin: 9.2% (up from 5.5% in 3Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • Nov 18
Atlas Engineered Products Ltd. to Report Q3, 2025 Results on Nov 24, 2025 Atlas Engineered Products Ltd. announced that they will report Q3, 2025 results Pre-Market on Nov 24, 2025 Announcement • Sep 24
Atlas Engineered Products Ltd., Annual General Meeting, Nov 21, 2025 Atlas Engineered Products Ltd., Annual General Meeting, Nov 21, 2025. Location: british columbia, vancouver Canada Reported Earnings • Aug 31
Second quarter 2025 earnings released: CA$0.01 loss per share (vs CA$0.012 profit in 2Q 2024) Second quarter 2025 results: CA$0.01 loss per share (down from CA$0.012 profit in 2Q 2024). Revenue: CA$13.7m (down 9.5% from 2Q 2024). Net loss: CA$708.0k (down 200% from profit in 2Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • Aug 22
Atlas Engineered Products Ltd. to Report Q2, 2025 Results on Aug 29, 2025 Atlas Engineered Products Ltd. announced that they will report Q2, 2025 results Pre-Market on Aug 29, 2025 Announcement • Jul 25
Atlas Engineered Products Ltd. (TSXV:AEP) acquired Penn-Truss Mfg Inc for CAD 3.8 million. Atlas Engineered Products Ltd. (TSXV:AEP) acquired Penn-Truss Mfg Inc for CAD 3.8 million on July 24, 2025. Atlas Engineered Products paid a purchase price of CAD 3.8 million with a working capital adjustment to be determined and finalized within 60 days of closing date of the SPA. The purchase price will be paid for as follows: CAD 760,000 in cash nine months post closing (subject to the working capital adjustment), up to CAD 760,000 in cash or shares of AEP at the discretion of AEP based on the performance of Penn-Truss for fiscal 2025, and the remaining in cash at closing. The performance component will be determined based on adjusted EBITDA to be finalized within five business days of filing the Company's fiscal 2025 audited financial results, and the number of shares issued will be based on price per share equal to the greater of (i) the 10-day volume weighted average price ("VWAP") of the common shares at the time of determining the earnout amount, and (ii) market price of the common shares at the time of determining the earnout amount, provided that in no event shall such price be lower than the discounted market price (determined in accordance with the TSX Venture Exchange policies) of the common shares as of the day prior to today's date. For the period ending December 31, 2024, Penn-Truss Mfg Inc reported total revenue of CAD 8.7 million and EBITDA of CAD 0.5 million.
Atlas Engineered Products Ltd. (TSXV:AEP) completed the acquisition of Penn-Truss Mfg Inc on July 24, 2025. Reported Earnings • May 28
First quarter 2025 earnings released: CA$0.012 loss per share (vs CA$0.017 loss in 1Q 2024) First quarter 2025 results: CA$0.012 loss per share (improved from CA$0.017 loss in 1Q 2024). Revenue: CA$11.0m (up 21% from 1Q 2024). Net loss: CA$846.3k (loss narrowed 15% from 1Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • May 22
Atlas Engineered Products Ltd. to Report Q1, 2025 Results on May 27, 2025 Atlas Engineered Products Ltd. announced that they will report Q1, 2025 results Pre-Market on May 27, 2025 Price Target Changed • May 18
Price target decreased by 16% to CA$1.69 Down from CA$2.01, the current price target is an average from 6 analysts. New target price is 120% above last closing price of CA$0.77. Stock is down 45% over the past year. The company posted a net loss per share of CA$0.0033 last year. Reported Earnings • Apr 29
Full year 2024 earnings released: CA$0.003 loss per share (vs CA$0.054 profit in FY 2023) Full year 2024 results: CA$0.003 loss per share (down from CA$0.054 profit in FY 2023). Revenue: CA$55.8m (up 13% from FY 2023). Net loss: CA$212.1k (down 107% from profit in FY 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Apr 23
Atlas Engineered Products Ltd. to Report Q4, 2024 Results on Apr 25, 2025 Atlas Engineered Products Ltd. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Apr 25, 2025 Price Target Changed • Apr 16
Price target decreased by 9.9% to CA$2.01 Down from CA$2.23, the current price target is an average from 6 analysts. New target price is 136% above last closing price of CA$0.85. Stock is down 47% over the past year. The company posted earnings per share of CA$0.054 last year. Price Target Changed • Mar 31
Price target decreased by 7.9% to CA$2.11 Down from CA$2.29, the current price target is an average from 5 analysts. New target price is 122% above last closing price of CA$0.95. Stock is down 38% over the past year. The company posted earnings per share of CA$0.054 last year. Price Target Changed • Jan 20
Price target decreased by 7.1% to CA$2.23 Down from CA$2.40, the current price target is an average from 5 analysts. New target price is 80% above last closing price of CA$1.24. Stock is up 12% over the past year. The company posted earnings per share of CA$0.054 last year. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.24, the stock trades at a trailing P/E ratio of 76.3x. Average forward P/E is 5x in the Forestry industry in North America. Total returns to shareholders of 121% over the past three years. Reported Earnings • Nov 24
Third quarter 2024 earnings released: EPS: CA$0.013 (vs CA$0.022 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.013 (down from CA$0.022 in 3Q 2023). Revenue: CA$16.6m (up 15% from 3Q 2023). Net income: CA$914.5k (down 30% from 3Q 2023). Profit margin: 5.5% (down from 9.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Nov 21
Atlas Engineered Products Ltd. to Report Q3, 2024 Results on Nov 25, 2024 Atlas Engineered Products Ltd. announced that they will report Q3, 2024 results Pre-Market on Nov 25, 2024 Announcement • Sep 24
Atlas Engineered Products Ltd., Annual General Meeting, Nov 22, 2024 Atlas Engineered Products Ltd., Annual General Meeting, Nov 22, 2024. Location: british columbia, vancouver Canada Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.43, the stock trades at a trailing P/E ratio of 60.1x. Average forward P/E is 5x in the Forestry industry in Canada. Total returns to shareholders of 175% over the past three years. Recent Insider Transactions Derivative • Aug 25
Founder exercised options and sold CA$195k worth of stock On the 21st of August, Mohammad Abassi exercised 195k options at a strike price of around CA$0.30 and sold these shares for an average price of CA$1.30 per share. This trade did not impact their existing holding. Since September 2023, Mohammad has owned 6.26m shares directly. Company insiders have collectively sold CA$83k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: CA$0.012 (vs CA$0.014 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.012 (down from CA$0.014 in 2Q 2023). Revenue: CA$15.1m (up 35% from 2Q 2023). Net income: CA$705.6k (down 10% from 2Q 2023). Profit margin: 4.7% (down from 7.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Announcement • Aug 15
Atlas Engineered Products Ltd. to Report Q2, 2024 Results on Aug 19, 2024 Atlas Engineered Products Ltd. announced that they will report Q2, 2024 results Pre-Market on Aug 19, 2024 Announcement • Jun 18
Atlas Engineered Products Ltd. announced that it expects to receive CAD 8.0001 million in funding Atlas Engineered Products Ltd. announced a brokered private placement on a commercially reasonable best effort agency basis of up to 5,926,000 common shares at an issue price of CAD 1.35 per share for the gross proceeds of CAD 8,000,100 on June 17, 2024. The private placement shares will be offered for sale to purchasers resident in Canada and other qualifying jurisdictions. Any private placement shares issued under the concurrent private placement will be subject to a four-month hold period in Canada. The closing of the offering and the concurrent private placement is anticipated to occur on or about June 26, 2024, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange. Closing of the offering is not conditional upon the closing of the concurrent private placement. Reported Earnings • Jun 04
First quarter 2024 earnings released: CA$0.017 loss per share (vs CA$0.009 profit in 1Q 2023) First quarter 2024 results: CA$0.017 loss per share (down from CA$0.009 profit in 1Q 2023). Revenue: CA$9.12m (down 5.3% from 1Q 2023). Net loss: CA$993.4k (down 283% from profit in 1Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 30
Price target increased by 10% to CA$2.12 Up from CA$1.92, the current price target is an average from 3 analysts. New target price is 49% above last closing price of CA$1.42. Stock is up 31% over the past year. The company posted earnings per share of CA$0.15 last year. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.56, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 12x in the Forestry industry in North America. Total returns to shareholders of 420% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$1.46 per share. New Risk • Mar 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (58% net debt to equity). Profit margins are more than 30% lower than last year (9.4% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (CA$84.4m market cap, or US$62.6m). Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Paul Andreola was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 29
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 58% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (58% net debt to equity). Profit margins are more than 30% lower than last year (9.4% net profit margin). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (CA$63.8m market cap, or US$47.0m). Buying Opportunity • Nov 29
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CA$1.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Major Estimate Revision • Nov 24
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CA$0.06 to CA$0.07. Revenue forecast unchanged at CA$53.1m. Net income forecast to shrink 21% next year vs 21% decline forecast for Forestry industry in Canada. Consensus price target of CA$1.98 unchanged from last update. Share price was steady at CA$1.14 over the past week. New Risk • Nov 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (CA$66.2m market cap, or US$48.1m). Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CA$0.014 (vs CA$0.035 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.014 (down from CA$0.035 in 2Q 2022). Revenue: CA$11.2m (down 33% from 2Q 2022). Net income: CA$786.2k (down 62% from 2Q 2022). Profit margin: 7.0% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, earnings per share has increased by 70% per year whereas the company’s share price has increased by 65% per year. Buying Opportunity • Aug 25
Now 24% undervalued Over the last 90 days, the stock is up 10.0%. The fair value is estimated to be CA$1.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Aug 24
Atlas Engineered Products Ltd. (TSXV:AEP) acquired Leon Chouinard Et Fils Co. Ltd./ Ltee. Atlas Engineered Products Ltd. (TSXV:AEP) acquired Leon Chouinard Et Fils Co. Ltd./ Ltee on August 23, 2023. The issuance of 1,739,129 common shares in the capital of Atlas Engineered Products having a value of $2,000,000 at a price of $1.14 per share to certain shareholders of LCF; and payment of $26.88 million in cash. The transaction is financed using a combination of the Company's existing cash and bank financing through the Company's existing banking relationships with a major Canadian chartered bank. The acquisition of LCF was completed effective August 23, 2023. To acquire all the issued and outstanding shares of LCF, the Company paid a purchase price of $26 million plus $2.88 million ($28.88 million total) in net closing adjustments for LCF's cash, income taxes receivable and payable and working capital excluding inventory as at June 30, 2023.The purchase price for LCF is subject to additional post-closing adjustments based on LCF's working capital, inventory, cash and income taxes payable/receivable at closing. The Consideration Shares issued to former shareholders of LCF are subject to a hold period of four months plus one day from the closing date of the acquisition.In 2022, Leon Chouinard Et Fils Co. Ltd./ Ltee generated over CAD 25.7 million in revenues, net income of over CAD 6.3 million and non-IFRS measure normalized EBITDA of approximately CAD 9.47 million. Atlas Engineered Products Ltd. (TSXV:AEP) completed the acquisition of Leon Chouinard Et Fils Co. Ltd./ Ltee on August 23, 2023. Price Target Changed • Aug 24
Price target increased by 17% to CA$1.88 Up from CA$1.60, the current price target is an average from 2 analysts. New target price is 51% above last closing price of CA$1.24. Stock is up 110% over the past year. The company posted earnings per share of CA$0.15 last year. Buying Opportunity • Jul 17
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CA$1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.19, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Forestry industry in Canada. Total returns to shareholders of 358% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$1.37 per share. Buying Opportunity • Jun 02
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CA$1.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 27
First quarter 2023 earnings: EPS in line with expectations, revenues disappoint First quarter 2023 results: EPS: CA$0.009 (down from CA$0.027 in 1Q 2022). Revenue: CA$9.63m (down 23% from 1Q 2022). Net income: CA$543.3k (down 65% from 1Q 2022). Profit margin: 5.6% (down from 13% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$1.17, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Forestry industry in Canada. Total returns to shareholders of 368% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$1.68 per share. Reported Earnings • Apr 21
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: CA$0.15 (up from CA$0.12 in FY 2021). Revenue: CA$61.9m (up 13% from FY 2021). Net income: CA$8.83m (up 27% from FY 2021). Profit margin: 14% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Forestry industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 74% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.03, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Forestry industry in Canada. Total returns to shareholders of 168% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$1.89 per share. Recent Insider Transactions Derivative • Feb 08
Independent Director exercised options to buy CA$141k worth of stock. On the 3rd of February, Kevin Smith exercised options to buy 150k shares at a strike price of around CA$0.60, costing a total of CA$90k. As of today, Kevin currently holds no shares directly. Company insiders have collectively sold CA$233k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: CA$0.053 (vs CA$0.048 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.053 (up from CA$0.048 in 3Q 2021). Revenue: CA$17.6m (flat on 3Q 2021). Net income: CA$3.13m (up 12% from 3Q 2021). Profit margin: 18% (up from 16% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Aug 27
Atlas Engineered Products Ltd., Annual General Meeting, Oct 27, 2022 Atlas Engineered Products Ltd., Annual General Meeting, Oct 27, 2022. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CA$0.035 (vs CA$0.029 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.035 (up from CA$0.029 in 2Q 2021). Revenue: CA$16.8m (up 17% from 2Q 2021). Net income: CA$2.04m (up 24% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Recent Insider Transactions • Jun 29
Founder recently sold CA$723k worth of stock On the 27th of June, Mohammad Abassi sold around 2m shares on-market at roughly CA$0.47 per share. This was the largest sale by an insider in the last 3 months. Mohammad has been a seller over the last 12 months, reducing personal holdings by CA$781k. Reported Earnings • May 22
First quarter 2022 earnings released: EPS: CA$0.027 (vs CA$0.001 in 1Q 2021) First quarter 2022 results: EPS: CA$0.027 (up from CA$0.001 in 1Q 2021). Revenue: CA$12.4m (up 36% from 1Q 2021). Net income: CA$1.56m (up CA$1.51m from 1Q 2021). Profit margin: 13% (up from 0.6% in 1Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Apr 21
Full year 2021 earnings released: EPS: CA$0.12 (vs CA$0.004 in FY 2020) Full year 2021 results: EPS: CA$0.12 (up from CA$0.004 in FY 2020). Revenue: CA$55.0m (up 54% from FY 2020). Net income: CA$6.95m (up CA$6.73m from FY 2020). Profit margin: 13% (up from 0.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Mar 03
Atlas Engineered Products Ltd. (TSXV:AEP) completed the acquisition of Hi-Tec Industries Ltd. Atlas Engineered Products Ltd. (TSXV:AEP) entered into a letter of intent to acquire Hi-Tec Industries Ltd. for $5.8 million on November 24, 2021. Under the terms of the share purchase agreement ("SPA"), AEP has acquired all of the issued and outstanding shares of Hi-Tec for a purchase price of $5.8 million in cash, with a working capital adjustment to be determined and finalized within 60 days of closing date of the SPA. In addition, AEP has acquired the land and buildings on which Hi-Tec's facilities are located for a price of $3.25 million in cash based on a completed independent appraisal. During its last fiscal year ended August 31 2021, Hi-Tec earned unaudited revenues of just over $5.0 million, net income before taxes of just over $1.0 million and a normalized EBITDA of $1.25 million, resulting in a normalized EBITDA margin of 25%. AEP has entered into a term loan for the $5.8 million and a mortgage for 75% of the $3.25 million through the Company's existing banking relationships, with the remaining portion of the land and building purchase and working capital adjustment will be funded by internally generated cash. The Company opted to fund this acquisition with debt given the current low interest rates and to preserve majority of its cash for future strategic plans and opportunities. Closing of the Proposed Transaction remains subject to a number of conditions, including satisfactory completion by the Company of its due diligence investigation, the execution of a binding definitive agreement and the approval of the TSX Venture Exchange. Stillwater Capital Corporation acted as financial advisor to Hi-Tec Industries Ltd.
Atlas Engineered Products Ltd. (TSXV:AEP) completed the acquisition of Hi-Tec Industries Ltd. on March 1, 2022. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS CA$0.048 (vs CA$0.007 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$17.6m (up 82% from 3Q 2020). Net income: CA$2.79m (up CA$2.37m from 3Q 2020). Profit margin: 16% (up from 4.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Sep 20
Atlas Engineered Products Ltd. Provides Revenue Guidance for the Third Quarter and Full Year of Fiscal 2021 Atlas Engineered Products Ltd. provided revenue guidance for the third quarter and full year of fiscal 2021. For the quarter, the company expects revenue to surpass revenues of $14.4 million.
Based on the robust first half of the year, and strong current bookings, management estimates that 2021 year-end revenues will reach at least $50 million barring any significant weather stoppages or other unforeseen circumstances. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CA$0.029 (vs CA$0.004 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$14.4m (up 82% from 2Q 2020). Net income: CA$1.65m (up CA$1.43m from 2Q 2020). Profit margin: 11% (up from 2.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jun 18
Atlas Engineered Products Announces Product Line Expansion At Novum Building Components Atlas Engineered Products provided an update on the Company's organic growth initiatives at its newest acquisition, Novum Building Components ("Novum") location, in Abbotsford, BC. The Company has been working hard to continue its integration at Novum and is excited to move forward with its growth initiatives by adding Engineered Wood Products ("EWP") to the products available at this location. EWP includes i-joists, laminated beams, architectural glulams, and numerous other products. This product expansion allows Novum to satisfy a wider range of construction needs for customers without requiring them to shop around for multiple different suppliers. In addition to supplying these products, Novum can help design and engineer these products for customers' construction projects in the most cost effective way. Reported Earnings • May 20
First quarter 2021 earnings released: EPS CA$0.001 (vs CA$0.014 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$9.13m (up 29% from 1Q 2020). Net income: CA$51.2k (up CA$814.2k from 1Q 2020). Profit margin: 0.6% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CA$0.004 (vs CA$0.016 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$35.7m (up 2.8% from FY 2019). Net income: CA$229.0k (up CA$984.1k from FY 2019). Profit margin: 0.6% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 06
New 90-day low: CA$0.30 The company is down 14% from its price of CA$0.35 on 03 December 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: CA$0.44 The company is up 73% from its price of CA$0.26 on 26 October 2020. The Canadian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 32% over the same period. Announcement • Dec 30
Atlas Engineered Products Names Paul Andreola to Board of Directors Atlas Engineered Products announced the appointment of Paul Andreola to the Company's Board of Directors. Mr. Andreola has over 20 years of business development and financial markets experience including senior management, marketing, and communications roles for early stage companies. Previously in his career, Mr. Andreola was a licensed investment advisor for over 10 years and has facilitated multiple early stage private and public companies in the resource and technology sectors. Mr. Andreola currently the CEO and director of Brisio Innovations Inc. and Ironwood Capital Corp. and is a director of ImmunoPrecise Antibodies Ltd. Is New 90 Day High Low • Dec 29
New 90-day high: CA$0.40 The company is up 76% from its price of CA$0.23 on 30 September 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 33% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: CA$0.38 The company is up 49% from its price of CA$0.26 on 09 September 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 18% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS CA$0.007 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CA$9.68m (up 7.2% from 3Q 2019). Net income: CA$419.6k (up CA$1.43m from 3Q 2019). Profit margin: 4.3% (up from net loss in 3Q 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 12
New 90-day high: CA$0.35 The company is up 25% from its price of CA$0.28 on 14 August 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: CA$0.21 The company is down 19% from its price of CA$0.26 on 15 July 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 11% over the same period.