Envela Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 50.3 million compared to USD 42.64 million a year ago. Net income was USD 1.6 million compared to USD 3.85 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.14 a year ago.
For the six months, sales was USD 98.69 million compared to USD 90.05 million a year ago. Net income was USD 4.13 million compared to USD 6.5 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to USD 0.24 a year ago.