Tile Shop Holdings said its normalized net income for the fourth quarter amounted to 8 cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.

EPS increased 81.4% year over year from 5 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.3 million, a gain of 83.2% from $2.4 million in the prior-year period.

The normalized profit margin rose to 6.0% from 3.7% in the year-earlier period.

Total revenue increased 13.5% on an annual basis to $71.9 million from $63.3 million, and total operating expenses increased 9.1% from the prior-year period to $64.7 million from $59.2 million.

Reported net income increased from the prior-year period to $4.1 million, or 7 cents per share, from $1.5 million, or 3 cents per share.

For the year, the company's normalized net income totaled 34 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 32 cents.

EPS rose 37.4% from 25 cents in the prior year.

Normalized net income was $17.6 million, an increase of 38.2% from $12.8 million in the prior year.

Full-year total revenue grew 13.9% year over year to $293.0 million from $257.2 million, and total operating expenses rose 12.3% year over year to $262.5 million from $233.8 million.

The company said reported net income rose 48.4% year over year to $15.9 million, or 31 cents per share, in the full year, from $10.7 million, or 21 cents per share.