Primo Water Corp. said its first-quarter normalized net income came to $901,250, compared with a loss of $70,630 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 2.8% from negative 0.2% in the year-earlier period.
Total revenue rose 10.6% year over year to $32.3 million from $29.2 million, and total operating expenses grew 5.5% year over year to $30.4 million from $28.8 million.
Reported net income came to $1.2 million, or 4 cents per share, compared to a loss of $246,830, or a loss of 1 cents per share, in the prior-year period.