Steel Connect, Inc. reported earnings results for the first quarter ended October 31, 2022. For the first quarter, the company reported sales was USD 51.36 million compared to USD 44.35 million a year ago. Net income was USD 4.96 million compared to net loss of USD 19.49 million a year ago.

Basic earnings per share from continuing operations was USD 0.6534 compared to basic loss per share from continuing operations of USD 0.1867 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to diluted loss per share from continuing operations of USD 0.1867 a year ago. Basic earnings per share was USD 0.6534 compared to basic loss per share of USD 3.0802 a year ago.

Diluted earnings per share was USD 0.56 compared to diluted loss per share of USD 3.0802 a year ago.