Stock Analysis
- Canada
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- Paper and Forestry Products
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- TSXV:AEP
Atlas Engineered Products Second Quarter 2024 Earnings: EPS: CA$0.012 (vs CA$0.014 in 2Q 2023)
Atlas Engineered Products (CVE:AEP) Second Quarter 2024 Results
Key Financial Results
- 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.
- EPS: CA$0.012 (down from CA$0.014 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Atlas Engineered Products Earnings Insights
Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Forestry industry in Canada.
Performance of the Canadian Forestry industry.
The company's shares are down 1.5% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Atlas Engineered Products you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSXV:AEP
Atlas Engineered Products
Engages in the design, manufacture, and sale of engineered roof trusses, floor trusses, and wall panels in Canada.