Hyduke Energy Services Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012; Provides Earnings Guidance for the Remainder of 2012 and 2013
For the nine months, the company reported revenues of $87,636,000 against $55,119,000 for the same period last year. EBITDAS was $4,695,000 against $2,125,000 for the same period last year. EBITDAS in the current year reflects an increase of $2.7 million over the prior year and is due to an increase in revenue levels and slightly improved gross profit percentages. Profit was $2,058,000 or $0.08 per diluted share against $615,000 or $0.03 per diluted share for the same period last year.
The company has now experienced seven profitable quarters in a row and the company is expecting the remainder of 2012 and 2013 to continue this trend.