Core-Mark Holding Co. Inc. said its normalized net income for the first quarter amounted to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.
EPS fell 20.9% year over year from 12 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.5 million, a decrease of 20.9% from $5.7 million in the year-earlier period.
The normalized profit margin declined to 0.2% from 0.3% in the year-earlier period.
Total revenue rose 22.6% on an annual basis to $2.41 billion from $1.97 billion, and total operating expenses climbed 22.8% from the prior-year period to $2.41 billion from $1.96 billion.
Reported net income came to $5.6 million, or 12 cents per share, compared to $5.6 million, or 12 cents per share, in the prior-year period.