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Ecolab profit misses consensus by 17.6% in Q3

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Investment Banking Essentials: February 21

Ecolab profit misses consensus by 17.6% in Q3

Ecolab Inc. said its normalized net income for the third quarter amounted to $1.12 per share, compared with the S&P Capital IQ consensus estimate of $1.36 per share.

EPS increased 4.9% year over year from $1.06.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $327.8 million, a gain from $314.9 million in the prior-year period.

The normalized profit margin fell to 9.2% from 9.3% in the year-earlier period.

Total revenue climbed 5.2% on an annual basis to $3.56 billion from $3.39 billion, and total operating expenses rose 6.0% from the prior-year period to $2.98 billion from $2.81 billion.

Reported net income increased on an annual basis to $393.2 million, or $1.34 per share, from $375.5 million, or $1.27 per share.