Business

Mullen Group Q3 profit down from year ago as acquisitions boost revenue

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Mullen Group Ltd., a trucking and logistics company, said it earned $33.2 million or 36 cents per diluted share for the quarter ended Sept. 30. ASSOCIATED PRESS/Charles Krupa

OKOTOKS — Mullen Group Ltd. reported its third-quarter profit fell compared with a year ago as acquisitions helped boost its revenue.

The trucking and logistics company says it earned $33.2 million or 36 cents per diluted share for the quarter ended Sept. 30.

The result compared with a profit of $38.3 million or 41 cents per diluted share a year earlier.

Revenue for the quarter totalled $561.8 million, up from $532.0 million in the same quarter last year.

The increase was helped by the acquisition of Cole International Inc. and Pacific Northwest Moving (Yukon) Ltd.

On an adjusted basis, Mullen Group says it earned 38 cents per share in its latest quarter, down from an adjusted profit of 41 cents per share a year earlier.

This report by The Canadian Press was first published Oct. 22, 2025.