Envela Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 45.2 million compared to USD 37.68 million a year ago. Net income was USD 3.32 million compared to USD 3.11 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.12 a year ago.
For the nine months, sales was USD 135.25 million compared to USD 96.9 million a year ago. Net income was USD 9.81 million compared to USD 7.27 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.27 a year ago.