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Ecolab profit misses consensus by 17.7% in Q1

Ecolab Inc. said its first-quarter normalized net income came to 66 cents per share, compared with the S&P Capital IQ consensus estimate of 81 cents per share.

EPS rose year over year from 65 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $195.8 million, a gain from $193.6 million in the year-earlier period.

The normalized profit margin declined to 6.2% from 6.3% in the year-earlier period.

Total revenue climbed year over year to $3.16 billion from $3.10 billion, and total operating expenses increased year over year to $2.78 billion from $2.72 billion.

Reported net income grew 10.5% from the prior-year period to $253.7 million, or 86 cents per share, from $229.7 million, or 77 cents per share.