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Church & Dwight Q1 profit climbs YOY

Church & Dwight Co. Inc. said its normalized net income for the first quarter was 41 cents per share, compared with the S&P Capital IQ consensus estimate of 42 cents per share.

EPS rose 6.9% year over year from 38 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $108.1 million, a gain from $103.3 million in the year-earlier period.

The normalized profit margin increased to 12.7% from 12.7% in the year-earlier period.

Total revenue grew year over year to $849.0 million from $812.3 million, and total operating expenses climbed from the prior-year period to $669.5 million from $640.2 million.

Reported net income rose 5.3% from the prior-year period to $113.3 million, or 43 cents per share, from $107.7 million, or 40 cents per share.