Unique Fabricating Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 3 was 11 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.
EPS decreased 38.7% year over year from 18 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.1 million, a decrease of 13.9% from $1.3 million in the year-earlier period.
The normalized profit margin fell to 3.2% from 4.0% in the year-earlier period.
Total revenue climbed 6.9% on an annual basis to $35.6 million from $33.3 million, and total operating expenses grew 10.4% from the prior-year period to $33.5 million from $30.3 million.
Reported net income declined 30.4% on an annual basis to $1.0 million, or 10 cents per share, from $1.5 million, or 21 cents per share.
For the year, the company's normalized net income totaled 61 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 75 cents.
EPS declined 5.7% from 65 cents in the prior year.
Normalized net income was $5.2 million, a gain of 15.7% from $4.5 million in the prior year.
Full-year total revenue rose 13.3% on an annual basis to $143.3 million from $126.5 million, and total operating expenses grew 14.3% on an annual basis to $132.3 million from $115.7 million.
The company said reported net income rose 13.3% year over year to $5.1 million, or 60 cents per share, in the full year, from $4.5 million, or 65 cents per share.