First snippet out on the financials Shawcor Swings to Profit in Q3 as Revenue Rises
08:13 AM EST, 11/14/2022 (MT Newswires) -- Shawcor (SCL.TO), a growth-oriented, global material sciences company serving the Infrastructure, Energy, and Transportation markets. on Monday reported its third quarter swung to earnings of $23 million, or $0.33 per diluted share, from a year-ago loss of $8.3 million, or $0.12 per diluted share.
Three analysts polled by Capital IQ expected $0.09.
Revenue for the quarter ended Sept. 30 was $335 million, up from $291.4 million a year earlier.
Analysts surveyed by Capital IQ expected $317.7 million.
The company's shares, which fell 2.3% in Canada on Friday, remained unchanged in early Frankfurt trading on Monday.