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Legrand Q2 profit climbs 10.0% YOY

Legrand SA said its second-quarter normalized net income amounted to 53 euro cents per share, compared with the S&P Capital IQ consensus estimate of 59 cents per share.

EPS increased 10.1% year over year from 48 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €143.2 million, a gain of 10.0% from €130.2 million in the prior-year period.

The normalized profit margin rose to 11.5% from 11.4% in the year-earlier period.

Total revenue increased 9.4% year over year to €1.25 billion from €1.14 billion, and total operating expenses increased 9.5% from the prior-year period to €998.9 million from €912.4 million.

Reported net income rose 8.7% on an annual basis to €156.0 million, or 58 cents per share, from €143.5 million, or 53 cents per share.