Core-Mark Holding Co. Inc. said its first-quarter normalized net income amounted to 12 cents per share, compared with the S&P Capital IQ consensus estimate of 10 cents per share.
EPS rose year over year from 5 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.7 million, a gain from $2.5 million in the year-earlier period.
The normalized profit margin increased to 0.3% from 0.1% in the year-earlier period.
Total revenue grew 7.7% on an annual basis to $1.97 billion from $1.83 billion, and total operating expenses climbed 7.4% from the prior-year period to $1.96 billion from $1.82 billion.
Reported net income grew year over year to $5.6 million, or 12 cents per share, from $2.3 million, or 5 cents per share.
