Weyco Group Inc. said its normalized net income for the first quarter amounted to 33 cents per share, compared with the S&P Capital IQ consensus estimate of 35 cents per share.
EPS climbed 18.6% year over year from 28 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.6 million, a gain of 18.0% from $3.1 million in the year-earlier period.
The normalized profit margin increased to 4.7% from 4.1% in the year-earlier period.
Total revenue rose on an annual basis to $78.1 million from $74.9 million, and total operating expenses increased on an annual basis to $72.3 million from $70.1 million.
Reported net income rose 13.1% year over year to $3.6 million, or 33 cents per share, from $3.2 million, or 29 cents per share.
