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DowDuPont Q1 profit climbs YOY

DowDuPont Inc. said its normalized net income for the first quarter was 73 cents per share, a decrease from 75 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $913.4 million, compared with $905.5 million in the year-earlier period.

The normalized profit margin rose to 7.4% from 6.3% in the year-earlier period.

Total revenue decreased 14.5% year over year to $12.37 billion from $14.46 billion, and total operating expenses declined 17.3% from the prior-year period to $10.75 billion from $12.99 billion.

Reported net income grew 53.9% from the prior-year period to $1.47 billion, or $1.18 per share, from $954.1 million, or 79 cents per share.