Uni-Select Inc. said its normalized net income for the first quarter amounted to 16 cents per share, compared with the S&P Capital IQ consensus estimate of 21 cents per share.
EPS increased 26.2% year over year from 12 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $6.6 million, an increase of 25.6% from $5.3 million in the year-earlier period.
The normalized profit margin climbed to 1.6% from 1.3% in the year-earlier period.
Total revenue totaled $411.7 million, compared with $413.1 million in the year-earlier period, and total operating expenses came to $399.1 million, compared with $402.3 million in the year-earlier period.
Reported net income totaled a loss of $82.3 million, or a loss of $1.94 per share, compared to income of $8.3 million, or 20 cents per share, in the prior-year period.
