Precision Drilling Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CAD 527.79 million compared to CAD 558.61 million a year ago. Net income was CAD 36.52 million compared to CAD 95.83 million a year ago.

Basic earnings per share from continuing operations was CAD 2.53 compared to CAD 7.02 a year ago. Diluted earnings per share from continuing operations was CAD 2.53 compared to CAD 5.57 a year ago.