Mullen trucks burning compressed natural gas provided by Tourmaline via Clean Energy. Mullen Group screen capture

OKOTOKS, Alta. — Mullen Group Ltd. reported its second-quarter profit fell compared with a year ago as the trucking and logistics company saw lower freight volumes.

The company says it earned $36.5 million or 39 cents per diluted share for the quarter ended June 30.

The result was down from a profit of $42.7 million or 43 cents per diluted share in the same quarter last year.

The Mullen Group Ltd. logo is seen in this undated handout photo. Mullen Group Ltd. reported its second-quarter profit fell compared with a year ago as the trucking and logistics company saw lower freight volumes. THE CANADIAN PRESS/HO

 

Revenue totalled $494.3 million, down from $521.5 million a year earlier.

On an adjusted basis, Mullen Group says it earned 38 cents per share in its latest quarter, down from an adjusted profit of 47 cents in the same quarter last year.

Analysts on average had expected an adjusted profit of 32 cents per share, according to estimates compiled by financial markets data firm Refinitiv.

This report by The Canadian Press was first published July 20, 2023.

Companies in this story: (TSX:MTL)

The Canadian Press

News from © The Canadian Press, 2023. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • 0075 Fast Trucking OutlaW Buckers 01
    0075 Fast Trucking OutlaW Buckers 01
  • 0074 General Well Servicing Outlaw Buckers
    0074 General Well Servicing Outlaw Buckers
  • 0073 SaskWorks-Pipeline Online
    0073 SaskWorks-Pipeline Online
  • 0072 Outlaw Buckers and Oil Kings 2024
    0072 Outlaw Buckers and Oil Kings 2024
  • 0069 Sask Oil Show 2024 banquet tickets
    0069 Sask Oil Show 2024 banquet tickets
  • 0071 Pride Upkeep 2024 Packages
    0071 Pride Upkeep 2024 Packages
  • 0070 Sask Oil Show 2024 pre-register
    0070 Sask Oil Show 2024 pre-register
  • 0068 Sask Oil Show 2024 booth
    0068 Sask Oil Show 2024 booth
  • 0067 PFM SaskWorks Payroll Investment Plan
    0067 PFM SaskWorks Payroll Investment Plan
  • 0066 WBPC Promo video 30 seconds
    0066 WBPC Promo video 30 seconds
  • 0064 Estevan OTS
    0064 Estevan OTS
  • 0063 Turnbull Excavating hiring crusher
    0063 Turnbull Excavating hiring crusher
  • 0062 TED_EPAC_Technology_30
    0062 TED_EPAC_Technology_30
  • 0061 SIMSA 2024 For Sask Buy Sask
    0061 SIMSA 2024 For Sask Buy Sask
  • 0058 Royal Helium Steveville opens anonymous rocket
    0058 Royal Helium Steveville opens anonymous rocket
  • 0055 Smart Power Be Smart with your Power office
    0055 Smart Power Be Smart with your Power office
  • 0052 Predator Inspections
    0052 Predator Inspections
  • 0051 JML Hiring Pumpjack assembly
    0051 JML Hiring Pumpjack assembly
  • 0049 Scotsburn Dental soft guitar
    0049 Scotsburn Dental soft guitar
  • 0046 City of Estevan This is Estevan
    0046 City of Estevan This is Estevan
  • 0041 DEEP Since 2018 now we are going to build
    0041 DEEP Since 2018 now we are going to build
  • 0032 IWS Summer hiring rock trailer music
  • 0022 Grimes winter hiring
  • 0021 OSY Rentals S8 Promo
  • 0018 IWS Hiring Royal Summer
  • 0015 Latus Viro
    0015 Latus Viro
  • 0013 Panther Drilling PO ad 03 top drive rigs
  • 0011
  • 0006 JK Junior
  • 0002 gilliss casing services
    0002 gilliss casing services
  • 9002 Pipeline Online 30 sec EBEX
    9002 Pipeline Online 30 sec EBEX
  • 9001