Thomas Nelson Inc. announced a 26% gain in income for the third quarter ending Dec. 31, 2005.

Net revenue advanced 12% in the quarter, reaching $70.7 million, compared with $63.4 million over the same period of the prior fiscal year, a company statement said. Nine-month net revenue was $183.9 million, vs. $174.3 million, a gain of 6%. Publishing revenue, which accounted for 82% of the consolidated total in the quarter, expanded by 8%.

Conference revenue grew by more than 28%, year over year, according to the company statement. The company's conference division includes the Women of Faith conferences. “This was a very strong quarter for Women of Faith,” said Nelson CEO Michael Hyatt. “Attendance was up (from fiscal 2005's third quarter, which saw the same number of conferences), which boosted our revenue. Additionally, the third quarter's four Revolve conferences, a new series designed for younger women and teenagers, drew more participants and had stronger merchandise sales than we expected.”

Nelson achieved a net income gain of 26% in the quarter, earning $6.9 million, compared to last year's $5.5 million. Nine-month net income of $14.5 million was a 5% increase from the $13.8 million of the year before.

“Our publishing schedule for fiscal year 2006 is heavily weighted toward the second half,” Hyatt said. “This is one reason why our publishing results were so strong in the third quarter. Cure for the Common Life by Max Lucado, The Great Physician's Rx for Health & Wellness by Jordan Rubin and The 360° Leader by John Maxwell were among our top five sellers in the quarter and among our top 10 for the year to date. These books were all released during the third quarter.”

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