Headwater Exploration Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 149.63 million compared to CAD 99.59 million a year ago. Revenue was CAD 125.11 million compared to CAD 75.62 million a year ago. Net income was CAD 49.68 million compared to CAD 31.55 million a year ago. Basic earnings per share from continuing operations was CAD 0.21 compared to CAD 0.14 a year ago. Diluted earnings per share from continuing operations was CAD 0.21 compared to CAD 0.13 a year ago.
For the nine months, sales was CAD 372.81 million compared to CAD 349 million a year ago. Revenue was CAD 321.9 million compared to CAD 275.66 million a year ago. Net income was CAD 110.6 million compared to CAD 122.32 million a year ago. Basic earnings per share from continuing operations was CAD 0.47 compared to CAD 0.54 a year ago. Diluted earnings per share from continuing operations was CAD 0.47 compared to CAD 0.53 a year ago.