TerraVest Industries Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was CAD 214.94 million compared to CAD 176.86 million a year ago. Net income was CAD 22.36 million compared to CAD 8.89 million a year ago. Basic earnings per share from continuing operations was CAD 1.23 compared to CAD 0.5 a year ago. Diluted earnings per share from continuing operations was CAD 1.19 compared to CAD 0.49 a year ago.
For the six months, sales was CAD 443.03 million compared to CAD 354.06 million a year ago. Net income was CAD 39.74 million compared to CAD 20.8 million a year ago. Basic earnings per share from continuing operations was CAD 2.2 compared to CAD 1.17 a year ago. Diluted earnings per share from continuing operations was CAD 2.13 compared to CAD 1.15 a year ago.