Precision Drilling Corporation reported earnings results for the fourth quarter ended December 30, 2023. For the fourth quarter, the company reported sales was CAD 506.87 million compared to CAD 510.5 million a year ago. Net income was CAD 146.72 million compared to CAD 3.48 million a year ago.

Basic earnings per share from continuing operations was CAD 10.42 compared to CAD 0.27 a year ago. Diluted earnings per share from continuing operations was CAD 9.81 compared to CAD 0.27 a year ago.