AMCON Distributing Co. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to $2.16 per share, an increase of 14.3% from $1.89 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.6 million, a gain of 12.7% from $1.4 million in the year-earlier period.
The normalized profit margin increased to 0.7% from 0.7% in the year-earlier period.
Total revenue climbed year over year to $218.5 million from $208.3 million, and total operating expenses grew from the prior-year period to $215.8 million from $205.8 million.
Reported net income increased 20.0% from the prior-year period to $1.5 million, or $2.11 per share, from $1.3 million, or $1.73 per share.
