top of page
Apr 21, 2023
Rising Interest Rates Pressure AEP Margins
Atlas Engineered Products (AEP) had revenue of $14.99 million for the fourth quarter of 2022, up eight per cent compared to revenue of $13.9 million for the fourth quarter of 2021. Gross margin for the quarter decreased to 34 per cent compared to 37 per cent for the prior-year period. Gross margin decreased due to rising interest rates which have put downward pressure on the housing market creating a more competitive market.
Sign up for our Daily News Alerts to receive relevant industry news, articles, and previews for our next issue of Home Improvement Retailing. Delivered directly to your inbox. Subscribe here.
bottom of page