Algoma Central 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 205.89 million compared to CAD 199.33 million a year ago. Net income was CAD 35.75 million compared to CAD 42.53 million a year ago. Basic earnings per share from continuing operations was CAD 0.93 compared to CAD 1.13 a year ago. Diluted earnings per share from continuing operations was CAD 0.85 compared to CAD 1.01 a year ago.
For the nine months, sales was CAD 519.9 million compared to CAD 467.89 million a year ago. Net income was CAD 49.25 million compared to CAD 70.01 million a year ago. Basic earnings per share from continuing operations was CAD 1.28 compared to CAD 1.85 a year ago. Diluted earnings per share from continuing operations was CAD 1.2 compared to CAD 1.7 a year ago.