Element Fleet Management Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 281.06 million compared to CAD 199.36 million a year ago. Net income was CAD 128.79 million compared to CAD 103.7 million a year ago. Basic earnings per share from continuing operations was CAD 0.32 compared to CAD 0.25 a year ago. Diluted earnings per share from continuing operations was CAD 0.31 compared to CAD 0.24 a year ago.
For the nine months, sales was CAD 790.87 million compared to CAD 604.59 million a year ago. Net income was CAD 355.31 million compared to CAD 308.43 million a year ago. Basic earnings per share from continuing operations was CAD 0.86 compared to CAD 0.72 a year ago. Diluted earnings per share from continuing operations was CAD 0.84 compared to CAD 0.7 a year ago.