Leading supplier of trusses and engineered wood products, Atlas Engineered Products, has posted its financial results for the first quarter of 2018 ended 31 August, 2017. The income statement reflects the company’s financial performance during the quarter immediately preceding the reverse takeover transaction with Archer Petroleum Corporation.
Some of the financial highlights for Atlas’ Q1 include:
- Strong quarterly performance with revenues and earnings reaching record levels during the quarter leading into the reverse takeover
- An increase of 40 per cent in sales, a record for the company
- Gross margins of 27 per cent
“Our quarterly revenues have reached record highs and the Company’s earnings strength reflect the kind of performance we expect will continue well into the future,” Guy Champagne, President of Atlas, said. “With that said, we are just getting started with an aggressive acquisition programme which, in the coming years, will result in significantly broadening our geographic reach and strengthening client relationships within the construction industry across Canada.”
