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Unique Fabricating profit misses consensus by 29.8% in fiscal Q3

Unique Fabricating Inc. said its normalized net income for the fiscal third quarter ended Oct. 4 came to 14 cents per share, compared with the S&P Capital IQ consensus estimate of 20 cents per share.

EPS climbed 14.4% year over year from 12 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.3 million, an increase of 61.9% from $829,980 in the third quarter ended Sept. 28, 2014.

The normalized profit margin increased to 3.4% from 2.7% in the year-earlier period.

Total revenue grew 27.6% year over year to $39.6 million from $31.0 million, and total operating expenses rose 27.3% on an annual basis to $36.7 million from $28.8 million.

Reported net income increased 29.5% on an annual basis to $1.1 million, or 12 cents per share, from $879,720, or 13 cents per share.