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Clorox fiscal Q4 profit climbs 17.9% YOY

The Clorox Co. said its normalized net income for the fiscal fourth quarter ended June 30 was $1.40 per share, compared with the S&P Capital IQ consensus estimate of $1.49 per share.

EPS increased 17.6% year over year from $1.19.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $185.0 million, a gain of 17.9% from $156.9 million in the prior-year period.

The normalized profit margin climbed to 11.2% from 9.8% in the year-earlier period.

Total revenue rose on an annual basis to $1.65 billion from $1.60 billion, and total operating expenses totaled $1.35 billion, compared with $1.35 billion in the prior-year period.

Reported net income increased 22.5% from the prior-year period to $201.9 million, or $1.53 per share, from $164.9 million, or $1.25 per share.

For the year, the company's normalized net income totaled $4.96 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $5.32.

EPS rose 6.5% from $4.66 in the prior year.

Normalized net income was $653.1 million, a gain of 6.4% from $613.8 million in the prior year.

Full-year total revenue grew from the prior-year period to $5.97 billion from $5.76 billion, and total operating expenses grew year over year to $4.86 billion from $4.71 billion.

The company said reported net income increased 8.6% on an annual basis to $703.9 million, or $5.35 per share, in the full year, from $648.0 million, or $4.92 per share.