Maxim Power Corp. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 48.38 million compared to CAD 44.34 million a year ago. Revenue was CAD 44.99 million compared to CAD 34.03 million a year ago. Net income was CAD 8.57 million compared to CAD 29.59 million a year ago. Basic earnings per share from continuing operations was CAD 0.17 compared to CAD 0.59 a year ago. Diluted earnings per share from continuing operations was CAD 0.15 compared to CAD 0.48 a year ago.
For the six months, sales was CAD 84.17 million compared to CAD 74.37 million a year ago. Revenue was CAD 83.42 million compared to CAD 58.03 million a year ago. Net income was CAD 25.46 million compared to CAD 56.02 million a year ago. Basic earnings per share from continuing operations was CAD 0.51 compared to CAD 1.12 a year ago. Diluted earnings per share from continuing operations was CAD 0.42 compared to CAD 0.91 a year ago.