Calfrac Well Services Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was CAD 421.4 million compared to CAD 447.85 million a year ago. Net income was CAD 12.5 million compared to CAD 19.31 million a year ago. Basic earnings per share from continuing operations was CAD 0.16 compared to CAD 0.27 a year ago. Diluted earnings per share from continuing operations was CAD 0.15 compared to CAD 0.17 a year ago. Basic earnings per share was CAD 0.15 compared to CAD 0.36 a year ago. Diluted earnings per share was CAD 0.14 compared to CAD 0.22 a year ago.
For the full year, sales was CAD 1,864.28 million compared to CAD 1,499.22 million a year ago. Net income was CAD 190.67 million compared to CAD 11.68 million a year ago. Basic earnings per share from continuing operations was CAD 2.43 compared to CAD 0.83 a year ago. Diluted earnings per share from continuing operations was CAD 2.24 compared to CAD 0.47 a year ago. Basic earnings per share was CAD 2.35 compared to CAD 0.27 a year ago. Diluted earnings per share was CAD 2.16 compared to CAD 0.19 a year ago.