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This article first appeared on GuruFocus.
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Revenue: $13.6 million for Q2 2025; $24.6 million year-to-date.
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Gross Profit: $2.3 million for Q2 2025; $4 million year-to-date.
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Gross Margin: 17% for Q2 2025; 16% year-to-date.
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Operating Loss: $546,000 for Q2 2025; $1.3 million year-to-date.
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Normalized EBITDA: $1.1 million for Q2 2025; $1.7 million year-to-date.
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Cash Balance: Just over $5 million, with an additional $7.5 million line of credit available.
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Share Buyback: Over 118,000 shares purchased in Q2 2025 at approximately $0.81 per share.
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Board Footage Output: Increased by 12% for the first half of 2025 compared to the prior period.
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Recent Acquisition: Acquisition of Trustworthy Construction System operations and land near Toronto.
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New Location: First location in Saskatchewan, with housing starts rising over 100% in the first five months of 2025.
Release Date: August 29, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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Atlas Engineered Products Ltd (APEUF) showcased resilience by delivering year-over-year growth despite industry challenges.
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Increased quoting activities from January to July 2025, with a $34 million increase compared to the previous year.
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Board footage output increased by 12% for the first half of the year, indicating higher production efficiency.
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Closed the acquisition of Trustworthy Construction System operations, expanding their market presence.
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Strong asset backing with real estate valued at over $150 million, providing financial stability.
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Trade uncertainties impacted broader macroeconomic stability, leading to project delays and competitive markets affecting pricing and margins.
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Operating losses of $546,000 for the second quarter and $1.3 million for the year-to-date.
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Competitive market conditions led to lower pricing, impacting margins and profits.
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Significant variances in activity levels across provinces, with some areas experiencing weaker market conditions.
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High expenses related to automation and acquisition projects, affecting short-term financial performance.
Q: With builder delays and potential government announcements in the fall, do you think pent-up demand could benefit Q3 and Q4 relative to prior years? A: Hadi Abassi, CEO, President & Founder: Yes, we had completed orders in Q2 that were delayed but are now being delivered. We expect demand to increase, and while government announcements have not yet been made, we anticipate a positive impact on demand and margins as activity picks up.
