Roof trusses

Overview: Atlas Engineered Products Ltd (AEP) is a Canada-based company that designs, manufactures, and sells engineered roof trusses, floor trusses, and wall panels. The company also distributes a range of engineered wood products for residential and commercial wood-framed buildings.

Key Facts:

• Founded: 2017 (publicly listed on TSX Venture Exchange)

• Headquarters: Nanaimo, British Columbia, Canada

• Website: Atlas Engineered Products

• CEO: Daryl Swetlishoff

Business Model: AEP focuses on acquiring and integrating well-established companies in Canada's truss and engineered wood products industry. The company aims to strengthen the financial and operational performance of these acquired companies through standardized best practices, dedicated sales outreach, cost efficiencies, and extended product mix.

Recent Developments:

• January 2025: AEP reported a 48% year-over-year increase in quote volumes and an 11% rise in order volumes.

• New Facility: The company is progressing on a new robotic manufacturing facility in Ontario.

• Market Focus: AEP generated 99% of its 2024 revenue from Canada, with plans to expand further in the country while evaluating U.S. growth opportunities.

Financials:

• Market Cap: C$78.28 million

• P/E Ratio: 69.64

• Stock Rating: Moderate Buy with a price target of C$2.10

Products and Services:

• Engineered roof trusses

• Floor trusses

• Wall panels

• Engineered wood products for residential and commercial buildings

• Design, engineering, permitting, project management, and site assembly services

Acquisitions: AEP has acquired several companies since going public, including Léon Chouinard et fils cie ltée (LCF), Hi-Tec Industries, and Novum Building Components.

Industry Position: AEP is a key player in the Canadian truss and engineered wood products industry, with a focus on serving regional construction markets.