Calfrac Well Services Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 466.46 million compared to CAD 318.51 million a year ago. Net income was CAD 53.26 million compared to net loss of CAD 36.19 million a year ago. Basic earnings per share from continuing operations was CAD 0.62 compared to basic loss per share from continuing operations of CAD 0.18 a year ago. Diluted earnings per share from continuing operations was CAD 0.58 compared to diluted loss per share from continuing operations of CAD 0.18 a year ago. Basic earnings per share was CAD 0.66 compared to basic loss per share of CAD 0.94 a year ago. Diluted earnings per share was CAD 0.61 compared to diluted loss per share of CAD 0.94 a year ago.
For the six months, sales was CAD 959.79 million compared to CAD 613.04 million a year ago. Net income was CAD 91.6 million compared to net loss of CAD 57.73 million a year ago. Basic earnings per share from continuing operations was CAD 1.07 compared to basic loss per share from continuing operations of CAD 0.65 a year ago. Diluted earnings per share from continuing operations was CAD 0.98 compared to diluted loss per share from continuing operations of CAD 0.65 a year ago. Basic earnings per share was CAD 1.13 compared to basic loss per share of CAD 1.51 a year ago. Diluted earnings per share was CAD 1.03 compared to diluted loss per share of CAD 1.51 a year ago.