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Cambium Learning Q3 profit climbs YOY

Cambium Learning Group Inc. said its third-quarter normalized net income was 7 cents per share, a gain from 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.1 million, a gain from $1.4 million in the prior-year period.

The normalized profit margin increased to 7.3% from 3.4% in the year-earlier period.

Total revenue rose year over year to $42.1 million from $40.3 million, and total operating expenses grew from the prior-year period to $35.3 million from $34.8 million.

Reported net income increased on an annual basis to $3.8 million, or 8 cents per share, from $1.9 million, or 4 cents per share.