Spin Master Corp. said its normalized net income for the fourth quarter amounted to a loss of 6 cents per share, compared with the S&P Capital IQ consensus estimate of 0 cents per share.
The per-share result swung to a loss from the prior-year profit of 8 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $5.8 million, compared with income of $6.6 million in the prior-year period.
The normalized profit margin dropped to negative 3.5% from 2.8% in the year-earlier period.
Total revenue grew 8.8% on an annual basis to $258.4 million from $237.6 million, and total operating expenses rose 18.9% year over year to $263.5 million from $221.6 million.
Reported net income totaled a loss of $12.8 million, or a loss of 13 cents per share, compared to income of $4.8 million, or 5 cents per share, in the year-earlier period.
For the year, the company's normalized net income totaled 46 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 90 cents.
EPS declined 13.5% from 53 cents in the prior year.
Normalized net income was $41.4 million, a decrease of 7.7% from $44.9 million in the prior year.
Full-year total revenue rose 22.9% on an annual basis to $879.4 million from $715.6 million, and total operating expenses increased 28.7% year over year to $800.2 million from $621.5 million.
The company said reported net income decreased 16.0% on an annual basis to $43.7 million, or 48 cents per share, in the full year, from $52.0 million, or 61 cents per share.