Vista Outdoor Inc. said its normalized net income for the fiscal third quarter ended Dec. 28, 2014, was $34.5 million, a fall from $36.0 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to 6.8% from 6.9% in the year-earlier period.
Total revenue declined year over year to $506.9 million from $524.2 million, and total operating expenses decreased on an annual basis to $443.3 million from $460.3 million.
Reported net income totaled a loss of $11.2 million, or a loss of 18 cents per share, compared to income of $33.4 million in the prior-year period.
