Shawcor 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 225.41 million compared to CAD 234.23 million a year ago. Net income was CAD 71.97 million compared to CAD 23 million a year ago. Basic earnings per share was CAD 1.04 compared to CAD 0.33 a year ago. Diluted earnings per share was CAD 1.03 compared to CAD 0.33 a year ago.
For the nine months, sales was CAD 714.5 million compared to CAD 636.04 million a year ago. Net income was CAD 110.23 million compared to CAD 35.83 million a year ago. Basic earnings per share was CAD 1.59 compared to CAD 0.52 a year ago. Diluted earnings per share was CAD 1.57 compared to CAD 0.52 a year ago.