BRP Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 amounted to 25 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 80 cents per share.
EPS increased year over year from 6 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$30.3 million, an increase from C$7.3 million in the prior-year period.
The normalized profit margin increased to 2.7% from 0.8% in the year-earlier period.
Total revenue rose 18.3% year over year to C$1.07 billion from C$902.9 million, and total operating expenses increased 11.3% on an annual basis to C$907.6 million from C$815.2 million.
Reported net income totaled C$8.3 million, or 7 cents per share, compared to a loss of C$5.7 million, or a loss of 5 cents per share, in the prior-year period.
For the year, the company's normalized net income totaled 66 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of C$1.47.
EPS rose 12.0% from 59 cents in the prior year.
Normalized net income was C$78.1 million, a gain of 17.4% from C$66.5 million in the prior year.
Full-year total revenue increased 10.4% year over year to C$3.52 billion from C$3.19 billion, and total operating expenses increased 10.8% year over year to C$3.23 billion from C$2.91 billion.
The company said reported net income rose 16.7% year over year to C$70.2 million, or 59 cents per share, in the full year, from C$60.1 million, or 53 cents per share.
