Precision Drilling Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 446.75 million compared to CAD 429.34 million a year ago. Net income was CAD 19.79 million compared to CAD 30.68 million a year ago. Basic earnings per share from continuing operations was CAD 1.45 compared to CAD 2.26 a year ago. Diluted earnings per share from continuing operations was CAD 1.45 compared to CAD 2.03 a year ago.
For the nine months, sales was CAD 1,430.98 million compared to CAD 1,106.69 million a year ago. Net income was CAD 142.52 million compared to net loss of CAD 37.78 million a year ago. Basic earnings per share from continuing operations was CAD 10.45 compared to basic loss per share from continuing operations of CAD 2.79 a year ago. Diluted earnings per share from continuing operations was CAD 9.84 compared to diluted loss per share from continuing operations of CAD 2.79 a year ago.