Amer Sports Corp. said its fourth-quarter normalized net income came to 38 euro cents per share, compared with the S&P Capital IQ consensus estimate of 48 cents per share.
EPS increased 5.5% year over year from 36 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €44.9 million, an increase of 8.6% from €41.3 million in the prior-year period.
The normalized profit margin dropped to 5.8% from 5.9% in the year-earlier period.
Total revenue increased 11.1% year over year to €783.7 million from €705.3 million, and total operating expenses climbed 11.7% on an annual basis to €701.2 million from €628.0 million.
Reported net income increased year over year to €53.1 million, or 45 cents per share, from €23.6 million, or 20 cents per share.
For the year, the company's normalized net income totaled 93 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €1.11.
EPS rose 34.9% from 69 cents in the prior year.
Normalized net income was €109.9 million, a gain of 34.5% from €81.8 million in the prior year.
Full-year total revenue rose 13.7% from the prior-year period to €2.53 billion from €2.23 billion, and total operating expenses grew 12.7% on an annual basis to €2.32 billion from €2.06 billion.
The company said reported net income rose on an annual basis to €121.5 million, or €1.03 per share, in the full year, from €55.6 million, or 47 cents per share.