AEP Has Strong Fourth Quarter

Atlas Engineered Products (AEP), a holding company for Canadian truss and engineered wood product companies, had revenue of $11.06 million for the fourth quarter of 2020, up 22 per cent compared to revenue of $9.03 million in the fourth quarter of 2019. Earnings margin increased to 19 per cent from eight per cent in the previous-year quarter. Net income was $351,757 for the quarter compared to a loss of $1.01 million in the year-ago period. The increase was driven by increased revenues, reduced operating expenses, and a reduction in non-cash write-offs.