Coty Inc. said its normalized net income for the fiscal fourth quarter ended June 30 was $19.7 million, compared with a loss of $3.5 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 1.9% from negative 0.3% in the year-earlier period.
Total revenue decreased year over year to $1.02 billion from $1.04 billion, and total operating expenses declined 5.0% year over year to $963.7 million from $1.01 billion.
Reported net income came to $19.4 million, or 5 cents per share, compared to a loss of $22.4 million, or a loss of 6 cents per share, in the prior-year period.
For the year, the company's normalized net income totaled 72 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 98 cents.
EPS rose 35.3% from 53 cents in the prior year.
Normalized net income was $259.5 million, an increase of 28.6% from $201.7 million in the prior year.
Full-year total revenue fell year over year to $4.40 billion from $4.55 billion, and total operating expenses decreased 5.9% on an annual basis to $3.86 billion from $4.11 billion.
The company said reported net income came to $232.3 million, or 64 cents per share, in the full year, compared with a loss of $99.2 million, or a loss of 26 cents per share, the prior year.