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Ecolab profit misses consensus by 15.9% in Q1

Ecolab Inc. said its first-quarter normalized net income was 68 cents per share, compared with the S&P Capital IQ consensus estimate of 81 cents per share.

EPS increased 5.8% year over year from 64 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $206.5 million, an increase from $197.4 million in the prior-year period.

The normalized profit margin increased to 6.3% from 5.9% in the year-earlier period.

Total revenue fell year over year to $3.30 billion from $3.34 billion, and total operating expenses decreased year over year to $2.90 billion from $2.95 billion.

Reported net income rose 22.9% from the prior-year period to $233.5 million, or 77 cents per share, from $190.0 million, or 62 cents per share.