TerraVest Industries Inc. reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported sales was CAD 145.13 million compared to CAD 67.83 million a year ago. Net income was CAD 9.69 million compared to CAD 4.42 million a year ago. Basic earnings per share from continuing operations was CAD 0.54 compared to CAD 0.25 a year ago. Diluted earnings per share from continuing operations was CAD 0.53 compared to CAD 0.24 a year ago.
For the nine months, sales was CAD 414.26 million compared to CAD 226.65 million a year ago. Net income was CAD 28.8 million compared to CAD 27.22 million a year ago. Basic earnings per share from continuing operations was CAD 1.61 compared to CAD 1.49 a year ago. Diluted earnings per share from continuing operations was CAD 1.59 compared to CAD 1.47 a year ago.