Cardinal Ethanol, LLC Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
Cardinal Ethanol, LLC reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 119.05 million compared to USD 133.26 million a year ago. Net income was USD 14.29 million compared to USD 34.17 million a year ago. Basic earnings per share from continuing operations was USD 978 compared to USD 2,340 a year ago. Diluted earnings per share from continuing operations was USD 978 compared to USD 2,340 a year ago.
For the nine months, sales was USD 384.77 million compared to USD 417.49 million a year ago. Net income was USD 43.67 million compared to USD 75 million a year ago. Basic earnings per share from continuing operations was USD 2,990 compared to USD 5,135 a year ago. Diluted earnings per share from continuing operations was USD 2,990 compared to USD 5,135 a year ago.
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