Treehouse Foods Inc. said its fourth-quarter normalized net income amounted to 98 cents per share, compared with the S&P Capital IQ consensus estimate of $1.03 per share.

EPS rose 19.3% year over year from 82 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $42.8 million, an increase of 20.6% from $35.5 million in the year-earlier period.

The normalized profit margin climbed to 4.9% from 3.9% in the year-earlier period.

Total revenue fell year over year to $865.4 million from $903.5 million, and total operating expenses declined 5.7% year over year to $778.5 million from $825.3 million.

Reported net income rose 10.8% on an annual basis to $37.2 million, or 85 cents per share, from $33.6 million, or 77 cents per share.

For the year, the company's normalized net income totaled $2.69 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.15.

EPS declined 11.5% from $3.03 in the prior year.

Normalized net income was $117.4 million, a decrease from $122.1 million in the prior year.

Full-year total revenue increased 8.8% from the prior-year period to $3.21 billion from $2.95 billion, and total operating expenses increased 9.6% on an annual basis to $2.95 billion from $2.69 billion.

The company said reported net income rose 28.1% year over year to $115.0 million, or $2.63 per share, in the full year, from $89.7 million, or $2.23 per share.