In what may be one of its final financial results announcements before the company goes private, Thomas Nelson Inc. showed an increase of 6% in fiscal 2006, reaching $253.1 million, compared to $237.8 million the prior year. The fourth-quarter increase, 9%, with revenue reaching $69.1 million in the period, was “primarily due to a strong performance from the company's trade book groups,” Nelson said in a statement.

Net income advanced 6% for the full fiscal year, and the company earned $21.0 million for the year, compared with $19.8 million in the previous year. Fourth-quarter net income was $6.5 million, a 7% gain from the $6.1 million in the prior year.

Nelson has classified as “Selling, General and Administrative Expenses” $2.5 million in costs related to the company's “pursuit of strategic alternatives, primarily related to a proposed merger agreement,” the statement said. The February agreement provides for the acquisition of Thomas Nelson by Faith Media, controlled by InterMedia Partners VII LP, a private equity-investment firm that makes mid- to large-size investments in media companies.

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