Wolseley PLC said its normalized net income for the fiscal fourth quarter ended July 31 amounted to 62 Great British pence per share, a gain of 19.9% from 51 pence per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £155.9 million, a gain of 19.4% from £130.6 million in the prior-year period.
The normalized profit margin rose to 4.6% from 4.5% in the year-earlier period.
Total revenue rose 17.5% year over year to £3.38 billion from £2.88 billion, and total operating expenses grew 17.1% from the prior-year period to £3.12 billion from £2.67 billion.
Reported net income rose 224.5% from the prior-year period to £338.9 million, or £1.34 per share, from £104.4 million, or 41 pence per share.
For the year, the company's normalized net income totaled £2.35 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of £2.97.
EPS rose from £1.93 in the prior year.
Normalized net income was £594.4 million, a rise from £492.1 million in the prior year.
Full-year total revenue increased on an annual basis to £15.22 billion from £12.55 billion, and total operating expenses grew year over year to £14.23 billion from £11.74 billion.
The company said reported net income rose on an annual basis to £887.9 million, or £3.51 per share, in the full year, from £474.0 million, or £1.86 per share.
