Steel Connect, Inc. reported earnings results for the third quarter and nine months ended April 30, 2024. For the third quarter, the company reported sales was USD 43.86 million compared to USD 46.14 million a year ago. Net income was USD 71.66 million compared to USD 3.03 million a year ago. Basic earnings per share from continuing operations was USD 2.73 compared to USD 0.39 a year ago. Diluted earnings per share from continuing operations was USD 2.51 compared to USD 0.36 a year ago.
For the nine months, sales was USD 128.24 million compared to USD 148.28 million a year ago. Net income was USD 81.44 million compared to USD 7.46 million a year ago. Basic earnings per share from continuing operations was USD 3.07 compared to USD 0.91 a year ago. Diluted earnings per share from continuing operations was USD 2.88 compared to USD 0.89 a year ago.