Trican Well Service Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 152.64 million compared to CAD 93.65 million a year ago. Net income was CAD 1.47 million compared to net loss of CAD 8.31 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to basic loss per share from continuing operations of CAD 0.03 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to diluted loss per share from continuing operations of CAD 0.03 a year ago. Basic earnings per share was CAD 0.01 compared to basic loss per share of CAD 0.03 a year ago. Diluted earnings per share was CAD 0.01 compared to diluted loss per share of CAD 0.03 a year ago.
For the six months, sales was CAD 371.55 million compared to CAD 241.64 million a year ago. Net income was CAD 14.8 million compared to net loss of CAD 2.39 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to basic loss per share from continuing operations of CAD 0.03 a year ago. Diluted earnings per share from continuing operations was CAD 0.06 compared to diluted loss per share from continuing operations of CAD 0.03 a year ago. Basic earnings per share was CAD 0.06 compared to basic loss per share of CAD 0.01 a year ago. Diluted earnings per share was CAD 0.06 compared to diluted loss per share of CAD 0.01 a year ago.