Atlas Engineered Products (TSE:AEP) has released an update.
Atlas Engineered Products has proactively paid off $1.08 million of its principal debt on BDC loans, originally taken to fund an acquisition, which will save the company from higher future interest rates. In a business update, the company has begun manufacturing and shipping its first large wall panel order, a move that positions them well in a labor-challenged construction market and may contribute to easing Canada’s housing shortage. The company also reports a 30% increase in quoting activity, suggesting a strong potential for growth in the upcoming fiscal quarters.
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