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Ecolab Q3 profit climbs 5.0% YOY

Ecolab Inc. said its third-quarter normalized net income came to $1.11 per share, compared with the S&P Capital IQ consensus estimate of $1.28 per share.

EPS rose 7.0% year over year from $1.04.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $333.9 million, an increase of 5.0% from $317.9 million in the year-earlier period.

The normalized profit margin rose to 9.7% from 8.6% in the year-earlier period.

Total revenue declined 6.7% year over year to $3.45 billion from $3.69 billion, and total operating expenses decreased 8.0% on an annual basis to $2.87 billion from $3.12 billion.

Reported net income fell 29.1% year over year to $258.0 million, or 86 cents per share, from $363.8 million, or $1.19 per share.