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Clorox fiscal Q2 profit climbs 16.8% YOY

The Clorox Co. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to $1.09 per share, compared with the S&P Capital IQ consensus estimate of $1.05 per share.

EPS increased 17.9% year over year from 93 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $143.8 million, a gain of 16.8% from $123.1 million in the year-earlier period.

The normalized profit margin climbed to 10.7% from 9.2% in the year-earlier period.

Total revenue stayed flat year over year at $1.34 billion, and total operating expenses declined from the prior-year period to $1.09 billion from $1.12 billion.

Reported net income rose 16.4% from the prior-year period to $150.0 million, or $1.14 per share, from $128.8 million, or 97 cents per share.