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Clorox fiscal Q3 profit climbs 9.2% YOY

The Clorox Co. said its normalized net income for the fiscal third quarter ended March 31 was $1.13 per share, compared with the S&P Capital IQ consensus estimate of $1.10 per share.

EPS increased 11.3% year over year from $1.01.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $148.1 million, a gain of 9.2% from $135.6 million in the year-earlier period.

The normalized profit margin rose to 10.4% from 9.7% in the year-earlier period.

Total revenue increased on an annual basis to $1.43 billion from $1.40 billion, and total operating expenses totaled $1.17 billion, compared with $1.16 billion in the year-earlier period.

Reported net income increased 10.0% on an annual basis to $159.3 million, or $1.21 per share, from $144.8 million, or $1.08 per share.