Linamar Corp. said its normalized net income for the fourth quarter came to C$1.22 per share, compared with the S&P Capital IQ consensus estimate of C$1.34 per share.
EPS rose 33.9% year over year from 91 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$80.4 million, a gain of 33.6% from C$60.2 million in the prior-year period.
The normalized profit margin rose to 6.5% from 6.0% in the year-earlier period.
Total revenue increased 23.9% year over year to C$1.24 billion from C$1.00 billion, and total operating expenses grew 24.2% year over year to C$1.12 billion from C$903.5 million.
Reported net income rose 32.5% year over year to C$95.1 million, or C$1.45 per share, from C$71.8 million, or C$1.09 per share.
For the year, the company's normalized net income totaled C$5.51 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of C$6.50.
EPS rose 35.5% from C$4.07 in the prior year.
Normalized net income was C$363.0 million, a rise of 36.4% from C$266.2 million in the prior year.
Full-year total revenue grew 23.8% from the prior-year period to C$5.16 billion from C$4.17 billion, and total operating expenses increased 22.8% on an annual basis to C$4.58 billion from C$3.73 billion.
The company said reported net income increased 36.2% year over year to C$436.5 million, or C$6.63 per share, in the full year, from C$320.6 million, or C$4.90 per share.