Nov 29, 2022
Revenues Inch Up For Atlas Engineered Products
Atlas Engineered Products had revenue of $17,63 million for the third quarter of 2022, a slight increase from $17.56 million for the third quarter of 2021. Earnings before taxes were $5.1 million for the quarter with a margin of 29 per cent. This compared to earnings of $4.6 million and a margin of 26 per cent in the third quarter of 2021. Gross margin was 35 per cent compared to 31 per cent in the prior-year period. Gross margins increased due to pricing assessments and updates being completed at all locations due to the fluctuating costs of raw materials and labour.
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