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Clorox fiscal Q1 profit climbs 21.1% YOY

The Clorox Co. said its normalized net income for the fiscal first quarter ended Sept. 30 came to $1.26 per share, compared with the S&P Capital IQ consensus estimate of $1.18 per share.

EPS increased 21.2% year over year from $1.04.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $165.0 million, a gain of 21.1% from $136.3 million in the year-earlier period.

The normalized profit margin climbed to 11.9% from 10.1% in the year-earlier period.

Total revenue grew on an annual basis to $1.39 billion from $1.35 billion, and total operating expenses held steady year over year at $1.10 billion.

Reported net income increased 19.9% on an annual basis to $173.2 million, or $1.32 per share, from $144.5 million, or $1.10 per share.