Cargojet Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 232.7 million compared to CAD 189.5 million a year ago. Net income was CAD 83.4 million compared to net loss of CAD 12.9 million a year ago. Basic earnings per share from continuing operations was CAD 4.84 compared to basic loss per share from continuing operations of CAD 0.74 a year ago. Diluted earnings per share from continuing operations was CAD 4.77 compared to diluted loss per share from continuing operations of CAD 0.74 a year ago.
For the nine months, sales was CAD 712.9 million compared to CAD 521.9 million a year ago. Net income was CAD 187.8 million compared to CAD 65.4 million a year ago. Basic earnings per share from continuing operations was CAD 10.86 compared to CAD 3.82 a year ago. Diluted earnings per share from continuing operations was CAD 10.64 compared to CAD 3.73 a year ago.