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Atlas Engineered Products (TSXV: AEP) hits 29.6% gross margin despite revenue dip in Q3 2023
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Highlights
Canada-based supplier of trusses and engineered wood products, Atlas Engineered Products Ltd (TSXV: AEP) is engaged in manufacturing trusses for commercial and residential buildings and delivering to its customers on Vancouver Island and the Lower Mainland. The company operates in the geographical segment located on Vancouver Island. The group generates revenue from the business segments of trusses, engineered wood products, freight and steel.
For the quarter ended September 30, 2023, Atlas Engineered posted a gross margin of 29.6%, against the industry median of 23.8%.. Its operating margin and net margin also increased to 14.3% and 9.1%, respectively, in the September quarter, beating the industry median of 11.0% and 6.8%, respectively.
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