MDA Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 172 million compared to CAD 111.3 million a year ago. Net income was CAD 17.9 million compared to CAD 4 million a year ago. Basic earnings per share from continuing operations was CAD 0.15 compared to CAD 0.03 a year ago. Diluted earnings per share from continuing operations was CAD 0.15 compared to CAD 0.03 a year ago.
For the nine months, sales was CAD 455.1 million compared to CAD 361.4 million a year ago. Net income was CAD 17.5 million compared to CAD 2.3 million a year ago. Basic earnings per share from continuing operations was CAD 0.15 compared to CAD 0.02 a year ago. Diluted earnings per share from continuing operations was CAD 0.14 compared to CAD 0.02 a year ago.