Extendicare Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 05:07 pm EST
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Extendicare 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 308.89 million compared to CAD 284.27 million a year ago. Net loss was CAD 4.27 million compared to net income of CAD 6.04 million a year ago. Basic loss per share from continuing operations was CAD 0.04 compared to basic earnings per share from continuing operations of CAD 0.03 a year ago. Diluted loss per share from continuing operations was CAD 0.04 compared to diluted earnings per share from continuing operations of CAD 0.03 a year ago. Basic loss per share was CAD 0.04 compared to basic earnings per share of CAD 0.07 a year ago. Diluted loss per share was CAD 0.04 compared to diluted earnings per share of CAD 0.07 a year ago.
For the nine months, sales was CAD 911.18 million compared to CAD 860.83 million a year ago. Net income was CAD 71.25 million compared to CAD 15.33 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to CAD 0.13 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to CAD 0.13 a year ago. Basic earnings per share was CAD 0.79 compared to CAD 0.17 a year ago.
Extendicare Inc. is a provider of care and services for seniors across Canada. The Company operates under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Partner Network brands. The Company operates through four segments: Long-term Care, Home Health Care, Managed Services and Corporate. Its Long-term Care segment includes over 53 long-term care homes, which it owns and operates in Canada. Its Home Health Care segment operates through its subsidiary, ParaMed, which provides complex nursing care, occupational, physical and speech therapy, and assistance with daily activities. Its Managed Services segment includes its management, consulting and group purchasing divisions. Through the Extendicare Assist division, it provides management and consulting services to third parties, and through the SGP Purchasing Partner Network division, it offers purchasing contracts to other senior care providers for food, capital equipment, furnishings, cleaning, nursing supplies, and more.
EXTENDICARE INC. 
