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CSS Industries fiscal Q3 profit falls 6.3% YOY

CSS Industries Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was $1.04 per share, compared with the S&P Capital IQ consensus estimate of $1.07 per share.

EPS declined year over year from $1.08.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.5 million, a decline of 6.3% from $10.1 million in the year-earlier period.

The normalized profit margin declined to 9.1% from 9.7% in the year-earlier period.

Total revenue came to $104.6 million, compared with $105.0 million in the year-earlier period, and total operating expenses totaled $89.3 million, compared with $88.7 million in the year-earlier period.

Reported net income declined from the prior-year period to $9.7 million, or $1.06 per share, from $9.8 million, or $1.04 per share.