Core-Mark Holding Co. Inc. said its normalized net income for the fourth quarter came to 40 cents per share, compared with the S&P Capital IQ consensus estimate of 34 cents per share.
EPS climbed 25.5% year over year from 32 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $18.8 million, a gain of 25.5% from $14.9 million in the prior-year period.
The normalized profit margin rose to 0.8% from 0.7% in the year-earlier period.
Total revenue grew 8.2% on an annual basis to $2.25 billion from $2.08 billion, and total operating expenses grew 8.0% on an annual basis to $2.22 billion from $2.05 billion.
Reported net income grew 21.6% on an annual basis to $17.7 million, or 38 cents per share, from $14.6 million, or 31 cents per share.
For the year, the company's normalized net income totaled $1.14 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.19.
EPS rose 27.6% from 89 cents in the prior year.
Normalized net income was $52.9 million, a gain of 27.6% from $41.5 million in the prior year.
Full-year total revenue grew 8.4% year over year to $8.86 billion from $8.17 billion, and total operating expenses rose 8.2% year over year to $8.77 billion from $8.10 billion.
The company said reported net income increased 20.1% on an annual basis to $51.5 million, or $1.10 per share, in the full year, from $42.9 million, or 92 cents per share.