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Cambium Learning Q2 profit climbs 76.8% YOY

Cambium Learning Group Inc. said its normalized net income for the second quarter amounted to 5 cents per share, an increase of 75.2% from 3 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 $2.4 million, a gain of 76.8% from $1.4 million in the year-earlier period.

The normalized profit margin increased to 6.2% from 3.7% in the year-earlier period.

Total revenue grew year over year to $39.1 million from $37.5 million, and total operating expenses climbed year over year to $33.3 million from $31.9 million.

Reported net income increased year over year to $3.8 million, or 8 cents per share, from $1.9 million, or 4 cents per share.