Extendicare Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 05:08 pm EST
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Extendicare Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 322.53 million compared to CAD 308.89 million a year ago. Net income was CAD 11.83 million compared to net loss of CAD 4.27 million a year ago. Basic earnings per share from continuing operations was CAD 0.14 compared to basic loss per share from continuing operations of CAD 0.04 a year ago. Diluted earnings per share from continuing operations was CAD 0.14 compared to diluted loss per share from continuing operations of CAD 0.04 a year ago. Basic earnings per share was CAD 0.14 compared to basic loss per share of CAD 0.04 a year ago. Diluted earnings per share was CAD 0.14 compared to diluted loss per share of CAD 0.04 a year ago.
For the nine months, sales was CAD 954.78 million compared to CAD 911.18 million a year ago. Net income was CAD 25.36 million compared to CAD 71.25 million a year ago. Basic earnings per share from continuing operations was CAD 0.3 compared to CAD 0.04 a year ago. Diluted earnings per share from continuing operations was CAD 0.3 compared to CAD 0.04 a year ago. Basic earnings per share was CAD 0.3 compared to CAD 0.79 a year ago. Diluted earnings per share was CAD 0.3 compared to CAD 0.75 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. 
