Spin Master Corp. said its normalized net income for the second quarter was 6 cents per share, a gain from 2 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.1 million, a gain from $1.8 million in the year-earlier period.
The normalized profit margin climbed to 4.3% from 1.7% in the year-earlier period.
Total revenue grew 19.9% on an annual basis to $127.7 million from $106.5 million, and total operating expenses grew 14.9% year over year to $117.4 million from $102.2 million.
Reported net income increased year over year to $6.3 million, or 7 cents per share, from $2.0 million, or 2 cents per share.