MCBC Holdings Inc. said its normalized net income for the fiscal third quarter ended March 29 came to 29 cents per share, an increase of 89.7% from 15 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 $3.7 million, an increase from $1.7 million in the year-earlier period.
The normalized profit margin climbed to 7.3% from 3.9% in the year-earlier period.
Total revenue rose 23.9% on an annual basis to $54.3 million from $43.8 million, and total operating expenses grew 17.7% year over year to $46.7 million from $39.7 million.
Reported net income decreased 94.3% year over year to $106,820, or 1 cents per share, from $1.9 million, or 17 cents per share.
