Calfrac Well Services Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 483.09 million compared to CAD 438.34 million a year ago. Net income was CAD 86.57 million compared to CAD 50.1 million a year ago. Basic earnings per share from continuing operations was CAD 1.2 compared to CAD 1.15 a year ago. Diluted earnings per share from continuing operations was CAD 1.09 compared to CAD 1.1 a year ago. Basic earnings per share was CAD 1.07 compared to CAD 1.27 a year ago. Diluted earnings per share was CAD 0.97 compared to CAD 1.21 a year ago.
For the nine months, sales was CAD 1,442.88 million compared to CAD 1,051.37 million a year ago. Net income was CAD 178.17 million compared to net loss of CAD 7.63 million a year ago. Basic earnings per share from continuing operations was CAD 2.28 compared to CAD 0.53 a year ago. Diluted earnings per share from continuing operations was CAD 2.12 compared to CAD 0.53 a year ago. Basic earnings per share was CAD 2.2 compared to basic loss per share of CAD 0.2 a year ago. Diluted earnings per share was CAD 2.05 compared to diluted loss per share of CAD 0.07 a year ago.