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Ecolab profit misses consensus by 17.2% in Q2


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Ecolab profit misses consensus by 17.2% in Q2

Ecolab Inc. said its second-quarter normalized net income amounted to 93 cents per share, compared with the S&P Capital IQ consensus estimate of $1.12 per share.

EPS rose year over year from 90 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $273.9 million, a gain from $266.9 million in the prior-year period.

The normalized profit margin dropped to 7.9% from 8.0% in the year-earlier period.

Total revenue rose on an annual basis to $3.46 billion from $3.32 billion, and total operating expenses rose 5.2% year over year to $2.96 billion from $2.82 billion.

Reported net income increased 15.2% year over year to $297.0 million, or $1.01 per share, from $258.0 million, or 87 cents per share.