Maxim Power Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 57.09 million compared to CAD 44.22 million a year ago. Revenue was CAD 54.85 million compared to CAD 42.66 million a year ago. Net income was CAD 23.97 million compared to CAD 18.09 million a year ago. Basic earnings per share from continuing operations was CAD 0.48 compared to CAD 0.36 a year ago. Diluted earnings per share from continuing operations was CAD 0.39 compared to CAD 0.3 a year ago.
For the nine months, sales was CAD 141.26 million compared to CAD 118.6 million a year ago. Revenue was CAD 138.27 million compared to CAD 100.69 million a year ago. Net income was CAD 49.43 million compared to CAD 74.11 million a year ago. Basic earnings per share from continuing operations was CAD 0.99 compared to CAD 1.49 a year ago. Diluted earnings per share from continuing operations was CAD 0.82 compared to CAD 1.21 a year ago.