Alfa Laval AB said its normalized net income for the third quarter came to 1.97 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 2.27 kronor per share.
EPS climbed 6.6% year over year from 1.85 kronor.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 828.3 million kronor, an increase of 6.6% from 776.9 million kronor in the year-earlier period.
The normalized profit margin rose to 8.5% from 8.4% in the year-earlier period.
Total revenue increased year over year to 9.69 billion kronor from 9.27 billion kronor, and total operating expenses increased from the prior-year period to 8.30 billion kronor from 8.02 billion kronor.
Reported net income rose 41.6% on an annual basis to 980.0 million kronor, or 2.34 kronor per share, from 692.0 million kronor, or 1.65 kronor per share.
As of Oct. 27, US$1 was equivalent to 8.50 Swedish kronor.
