Fox Factory Holding Corp. said its fourth-quarter normalized net income amounted to 15 cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.
EPS increased 7.2% year over year from 14 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.8 million, an increase of 7.3% from $5.4 million in the year-earlier period.
The normalized profit margin declined to 6.5% from 7.3% in the year-earlier period.
Total revenue rose 29.1% year over year to $95.7 million from $74.1 million, and total operating expenses rose 30.9% year over year to $86.0 million from $65.7 million.
Reported net income grew from the prior-year period to $6.8 million, or 18 cents per share, from $2.7 million, or 7 cents per share.
For the year, the company's normalized net income totaled 69 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 97 cents.
EPS rose from 67 cents in the prior year.
Normalized net income was $26.1 million, an increase from $25.4 million in the prior year.
Full-year total revenue rose 19.6% from the prior-year period to $366.8 million from $306.7 million, and total operating expenses rose 21.8% year over year to $323.7 million from $265.8 million.
The company said reported net income decreased 9.4% on an annual basis to $25.0 million, or 66 cents per share, in the full year, from $27.6 million, or 73 cents per share.