ARB Corp. Ltd. said its normalized net income for the fiscal second half ended June 30 amounted to 25 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 30 cents per share.
EPS fell year over year from 26 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$19.9 million, an increase of 6.4% from A$18.7 million in the year-earlier period.
Total revenue climbed 11.1% year over year to A$167.4 million from A$150.7 million, and total operating expenses increased 12.4% on an annual basis to A$136.4 million from A$121.3 million.
Reported net income rose 5.4% from the prior-year period to A$23.6 million, or 30 cents per share, from A$22.4 million, or 31 cents per share.
For the year, the company's normalized net income totaled 49 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 57 cents.
EPS was 49 cents in the prior year.
Normalized net income was A$37.4 million, a rise from A$35.7 million in the prior year.
Full-year total revenue rose 10.7% year over year to A$329.8 million from A$297.8 million, and total operating expenses increased 12.6% on an annual basis to A$273.1 million from A$242.7 million.
The company said reported net income increased year over year to A$44.1 million, or 58 cents per share, in the full year, from A$42.6 million, or 59 cents per share.