TerraVest Industries Inc. reported earnings results for the fourth quarter and full year ended September 30, 2023. For the fourth quarter, the company reported sales was CAD 173.93 million compared to CAD 162.44 million a year ago. Net income was CAD 13.3 million compared to CAD 16.46 million a year ago. Basic earnings per share from continuing operations was CAD 0.74 compared to CAD 0.92 a year ago. Diluted earnings per share from continuing operations was CAD 0.73 compared to CAD 0.91 a year ago.
For the full year, sales was CAD 678.35 million compared to CAD 576.7 million a year ago. Net income was CAD 42.07 million compared to CAD 45.25 million a year ago. Basic earnings per share from continuing operations was CAD 2.35 compared to CAD 2.53 a year ago. Diluted earnings per share from continuing operations was CAD 2.32 compared to CAD 2.5 a year ago.