Alfa Laval AB said its second-quarter normalized net income came to 2.15 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 2.20 kronor per share.
EPS climbed 25.4% year over year from 1.72 kronor.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 903.6 million kronor, a gain of 25.4% from 720.4 million kronor in the year-earlier period.
The normalized profit margin rose to 8.9% from 8.6% in the year-earlier period.
Total revenue increased 20.8% year over year to 10.18 billion kronor from 8.42 billion kronor, and total operating expenses grew 18.8% from the prior-year period to 8.64 billion kronor from 7.27 billion kronor.
Reported net income grew 34.8% on an annual basis to 1.07 billion kronor, or 2.55 kronor per share, from 792.0 million kronor, or 1.89 kronor per share.
As of July 16, US$1 was equivalent to 8.54 Swedish kronor.
