TerraVest Industries Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was CAD 150.36 million compared to CAD 145.13 million a year ago. Net income was CAD 7.97 million compared to CAD 9.69 million a year ago. Basic earnings per share from continuing operations was CAD 0.45 compared to CAD 0.54 a year ago. Diluted earnings per share from continuing operations was CAD 0.44 compared to CAD 0.53 a year ago.
For the nine months, sales was CAD 504.42 million compared to CAD 414.26 million a year ago. Net income was CAD 28.77 million compared to CAD 28.8 million a year ago. Basic earnings per share from continuing operations was CAD 1.61 compared to CAD 1.61 a year ago. Diluted earnings per share from continuing operations was CAD 1.59 compared to CAD 1.59 a year ago.