The Globe and Mail reports in its Wednesday edition that Precision Drilling earned $146.7-million in its latest quarter, up from a profit of $3.5-million a year earlier, as revenue edged lower. A Canadian Press dispatch to The Globe quotes the company saying that the profit amounted to $9.81 a diluted share for the quarter ended Dec. 31, up from 27 cents a diluted share in the last three months of 2022. Revenue for the company's fourth quarter totalled $506.9-million, down from $510.5-million a year earlier. Precision Drilling says its adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $151.2-million in its latest quarter, up from $91.1-million a year earlier. The company's drilling rig utilization days in Canada for the quarter were down 2.5 per cent compared with a year ago, while its operations in the United States saw a 24.5-per-cent drop. International drilling rig utilization days were up 25.5 per cent compared with last year. Precision Drilling's service rig operating hours for the quarter were up 14.8 per cent from a year ago. The company's shares closed Tuesday at $84.07, up $4.20 on the Toronto Stock Exchange.