Escalade Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 26, 2015, came to 15 cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.
EPS fell 43.0% year over year from 26 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.1 million, a decrease of 41.6% from $3.6 million in the year-earlier period.
The normalized profit margin declined to 4.8% from 8.8% in the year-earlier period.
Total revenue grew 7.6% year over year to $43.7 million from $40.6 million, and total operating expenses grew 12.7% on an annual basis to $41.2 million from $36.6 million.
Reported net income fell 33.7% from the prior-year period to $3.0 million, or 20 cents per share, from $4.5 million, or 32 cents per share.
For the year, the company's normalized net income totaled 69 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 84 cents.
EPS declined 19.3% from 85 cents in the prior year.
Normalized net income was $9.8 million, a decline of 18.3% from $12.0 million in the prior year.
Full-year total revenue rose 12.7% from the prior-year period to $155.5 million from $138.0 million, and total operating expenses grew 16.5% year over year to $142.7 million from $122.5 million.
The company said reported net income decreased 12.6% on an annual basis to $11.7 million, or 82 cents per share, in the full year, from $13.4 million, or 95 cents per share.