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Unique Fabricating fiscal Q3 profit climbs 77.9% YOY

Unique Fabricating Inc. said its normalized net income for the fiscal third quarter ended Oct. 2 amounted to 24 cents per share, compared with the S&P Capital IQ consensus estimate of 27 cents per share.

EPS rose 73.3% year over year from 14 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.4 million, a gain of 77.9% from $1.3 million in the year-earlier period.

The normalized profit margin climbed to 5.3% from 3.4% in the year-earlier period.

Total revenue rose 13.1% on an annual basis to $44.8 million from $39.6 million, and total operating expenses increased 10.1% year over year to $40.4 million from $36.7 million.

Reported net income grew year over year to $2.5 million, or 25 cents per share, from $1.2 million, or 12 cents per share.