Atlas Engineered Products Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 14.37 million compared to CAD 17.64 million a year ago. Net income was CAD 1.3 million compared to CAD 3.13 million a year ago. Basic earnings per share from continuing operations was CAD 0.02 compared to CAD 0.05 a year ago. Diluted earnings per share from continuing operations was CAD 0.02 compared to CAD 0.05 a year ago.
For the nine months, sales was CAD 35.22 million compared to CAD 46.91 million a year ago. Net income was CAD 2.63 million compared to CAD 6.74 million a year ago. Basic earnings per share from continuing operations was CAD 0.05 compared to CAD 0.11 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to CAD 0.11 a year ago.