trending Market Intelligence /marketintelligence/en/news-insights/trending/Sjozz8FyKBSygtMiL8vzeg2 content esgSubNav
In This List

MCBC Holdings fiscal Q3 profit climbs 17.2% YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


MCBC Holdings fiscal Q3 profit climbs 17.2% YOY

MCBC Holdings Inc. said its normalized net income for the fiscal third quarter ended March 27 amounted to 25 cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.

EPS fell 25.1% year over year from 33 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.7 million, an increase of 17.2% from $4.0 million in the prior-year period.

The normalized profit margin climbed to 8.6% from 7.3% in the year-earlier period.

Total revenue increased 5.1% year over year to $57.0 million from $54.3 million, and total operating expenses rose 6.1% on an annual basis to $49.5 million from $46.7 million.

Reported net income rose from the prior-year period to $4.9 million, or 26 cents per share, from $119,950, or 1 cents per share.