Ecolab Inc. ECL, founded in 1923 and headquartered in St. Paul, MN, is a leading provider of cleaning, sanitizing, food safety and infection prevention products and services. The company serves the foodservice, food and beverage processing, healthcare, and hospitality markets both in the U.S. as well as internationally. Ecolab’s 10 operating units have been aggregated into 4 reportable segments, namely Global Industrial, Global Institutional, Global Energy and Other.
Currently, Ecolab has a Zacks Rank #3 (Hold) but that could change following its third-quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings:Ecolab posted adjusted earnings of $1.28 per share which remained flat on a year-over-year basis and but exceeded the Zacks Consensus Estimate by a penny.
Sales:Adjusted net sales were $3.39 billion, down 1.74% from the year-ago quarter. However, net sales lagged the Zacks Consensus Estimate of $3.46 billion.
Key Stats:Excluding special gains and charges and at fixed currency rates, adjusted fixed currency operating income increased 5%.
Major Factors:Robust performance from Global Institutional, Global Industrial and Other segments partially offset a weak result in Global Energy segment.
Check back later for our full write up on this Ecolab earnings report later!
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