Currently, Ecolab has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter fiscal 2014 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Ecolab posted adjusted earnings per share (EPS) of $1.20 which increased nearly 15% on a year-over-year basis. Adjusted EPS is in line with the Zacks Consensus Estimate.
Sales: Net sales amounted to $3.68 billion, up 3% from the prior-year quarter. However, net sales missed the Zacks Consensus Estimate of $3.75 billion.
Key Stats: Global Industrial segment sales grew 4% year over year to $1.28 billion. Global Institutional segment sales increased 6% to $1.12 billion. Global Energy segment sales spiked 11% year over year to $1.14 billion, whereas sales from the Other segment grew 5% year over year to $190.1 million.
Major Factors: Ecolab is reportedly planning to repurchase $1 billion shares and also accelerate its acquisition pipeline.
Stock Price: Following the earnings release, share prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this Ecolab earnings report later!
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