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Legrand Q2 profit climbs YOY

Legrand SA said its second-quarter normalized net income was 59 euro cents per share, compared with the S&P Capital IQ consensus estimate of 66 cents per share.

EPS increased year over year from 57 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €159.6 million, an increase from €154.5 million in the year-earlier period.

The normalized profit margin fell to 11.8% from 12.3% in the year-earlier period.

Total revenue climbed 7.5% year over year to €1.35 billion from €1.26 billion, and total operating expenses climbed 8.5% from the prior-year period to €1.07 billion from €990.3 million.

Reported net income grew 7.2% on an annual basis to €167.2 million, or 62 cents per share, from €156.0 million, or 58 cents per share.