IRC Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 278.76 million compared to USD 371.28 million a year ago. Net loss was USD 87.9 million compared to net income of USD 134.07 million a year ago.

Basic loss per share from continuing operations was USD 0.0119 compared to basic earnings per share from continuing operations of USD 0.0189 a year ago. Diluted loss per share from continuing operations was USD 0.0119 compared to diluted earnings per share from continuing operations of USD 0.0189 a year ago.