Business
Atlas Engineered Products Provides Update on Operations, Tariff Exposure and Positive Trends to Start 2025
Atlas Engineered Products Provides Update on Operations, Tariff Exposure and Positive Trends to S...
About this update from Atlas Engineered Products Ltd.
[{"type":"text","content":"\n\n\n\n Atlas Engineered Products Provides Update on Operations, Tariff Exposure and Positive Trends to Start 2025\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n NANAIMO, BC\n \n\n ,\n \n\n Feb. 10, 2025\n \n\n /CNW/ - Atlas Engineered Products Ltd (\"AEP\" or the \"Company\") (TSXV: AEP) (OTC Markets: APEUF) is pleased to provide an update on operations, revenue exposure to\n \n the United States\n \n (\"U.S.\"), and key performance indicator trends to start 2025. Specially, the Company highlights:\n \n\n\n\n Canadian Market Presence:\n \n 99% of 2024 revenue came directly from\n \n Canada\n \n , with the U.S. market accounting for the remaining ~1%. From 2020 to 2024, the Canadian market accounted for 100% of AEP's business. The Company remains focused on expanding its Canadian revenues amidst the country's structural housing shortage, while continuing to evaluate U.S. growth opportunities that align with AEP's strategy and broader macro considerations.\n \n\n\n\n\n Strong Quote and Order Volumes:\n \n Quote volumes increased 48% year-over-year in\n \n January 2025\n \n , with order volumes increasing 11%. As interest rates continue to decline, builders are anticipating more activity in 2025, irrespective of election and tariff uncertainties.\n \n\n\n\n\n Resilient Shipping Levels:\n \n Despite harsher winter conditions compared to previous years, shipping activity across key markets remained strong in\n \n January 2025\n \n .\n \n\n\n\n\n Ontario Facility:\n \n AEP continues to make anticipated progress on the new robotic facility in\n \n Ontario\n \n . The land has been cleared and excavation work is scheduled to commence, weather permitting. The steel structure for the facility has also been ordered as required for the size of the manufacturing facility.\n \n\n\n\n Hadi Abassi, President, CEO, and Founder of AEP, commented:\n \n \"While we continue to actively monitor economic policy developments related to the long-standing\n \n Canada\n \n and U.S. trade relationship, we maintain confident in AEP's business model and ability ...