Hammond Power Solutions 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 179.52 million compared to CAD 148.95 million a year ago. Net income was CAD 14.44 million compared to CAD 11.53 million a year ago. Basic earnings per share from continuing operations was CAD 1.21 compared to CAD 0.97 a year ago. Diluted earnings per share from continuing operations was CAD 1.21 compared to CAD 0.97 a year ago.
For the nine months, sales was CAD 523.11 million compared to CAD 414.21 million a year ago. Net income was CAD 43.5 million compared to CAD 26.61 million a year ago. Basic earnings per share from continuing operations was CAD 3.65 compared to CAD 2.25 a year ago. Diluted earnings per share from continuing operations was CAD 3.65 compared to CAD 2.25 a year ago.