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Shiloh Industries fiscal Q1 profit falls YOY

Shiloh Industries Inc. said its normalized net income for the fiscal first quarter ended Jan. 31 came to 18 cents per share, a decline of 18.4% from 22 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.1 million, a decrease of 18.2% from $3.8 million in the year-earlier period.

The normalized profit margin dropped to 0.8% from 2.0% in the year-earlier period.

Total revenue climbed 40.1% on an annual basis to $257.1 million from $183.5 million, and total operating expenses grew 42.0% on an annual basis to $250.8 million from $176.6 million.

Reported net income declined 27.4% year over year to $3.6 million, or 21 cents per share, from $5.0 million, or 29 cents per share.