Rogers Sugar Inc. said its normalized net income for the fiscal fourth quarter ended Oct. 3 amounted to 7 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 9 cents per share.
EPS increased year over year from 3 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$6.5 million, a gain from C$2.5 million in the fourth quarter ended Sept. 27, 2014.
The normalized profit margin climbed to 4.5% from 1.8% in the year-earlier period.
Total revenue rose 11.0% on an annual basis to C$155.1 million from C$139.7 million, and total operating expenses grew 6.1% year over year to C$141.4 million from C$133.2 million.
Reported net income came to C$8.5 million, or 8 cents per share, compared to a loss of C$753,000, or a loss of 1 cents per share, in the fourth quarter ended Sept. 27, 2014.
For the year, the company's normalized net income totaled 22 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 35 cents.
EPS declined 16.3% from 26 cents in the prior year.
Normalized net income was C$20.3 million, a fall of 22.7% from C$26.3 million in the prior year.
Full-year total revenue grew from the prior-year period to C$541.5 million from C$532.3 million, and total operating expenses increased year over year to C$497.1 million from C$479.7 million.
The company said reported net income fell 22.6% on an annual basis to C$24.5 million, or 26 cents per share, in the full year, from C$31.6 million, or 31 cents per share.