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CSS Industries fiscal Q3 profit falls YOY

CSS Industries Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to $1.08 per share, compared with the S&P Capital IQ consensus estimate of $1.09 per share.

EPS declined year over year from $1.09.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.1 million, compared with $10.2 million in the prior-year period.

The normalized profit margin rose to 9.7% from 9.6% in the year-earlier period.

Total revenue decreased year over year to $105.0 million from $106.3 million, and total operating expenses declined on an annual basis to $88.7 million from $89.9 million.

Reported net income declined 11.1% on an annual basis to $9.8 million, or $1.04 per share, from $11.0 million, or $1.18 per share.