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Church & Dwight Q1 profit climbs 5.5% YOY

Church & Dwight Co. Inc. said its normalized net income for the first quarter amounted to 38 cents per share, compared with the S&P Capital IQ consensus estimate of 39 cents per share.

EPS climbed 10.2% year over year from 35 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $103.3 million, an increase of 5.5% from $97.9 million in the prior-year period.

The normalized profit margin increased to 12.7% from 12.5% in the year-earlier period.

Total revenue climbed year over year to $812.3 million from $782.0 million, and total operating expenses climbed on an annual basis to $640.2 million from $620.0 million.

Reported net income increased 4.9% on an annual basis to $107.7 million, or 40 cents per share, from $102.6 million, or 37 cents per share.