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Ecolab (ECL) Beats Earnings and Revenue Estimates in Q1
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Ecolab Inc. (ECL - Free Report) 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.
Earnings: Ecolab posted earnings per share of 91 cents, which beat the Zacks Consensus Estimate of 88 cents. Earnings also rose 13.8% from the prior-year quarter.
Revenues: Revenues came in at $3.47 billion, which outpaced the Zacks Consensus Estimate by 3%. Revenues also increased by 10% from the year-ago quarter.
Major Factors:Global Industrial segment posted revenues worth $1.24 billion, up 3% (acquisition adjusted). Latin America, North America and Europe led the Global Industrial regional sales growth.
Global Institutional segment posted revenues worth $1.22 billion, up 5%, after adjusting earnings from acquisition.
Global Energy segment posted revenues worth $847.1 million, up 10% after adjusting acquisitions.
Other segment posted revenues worth $197.4 million, down 8% after adjusting acquisitions.
Key Stats: Ecolab raised its forecast for full year 2018 adjusted earnings per share to the $5.30-5.50 range, representing a 13-18% increase year over year. The prior forecast range was $5.25-5.45.
Ecolab expects second-quarter 2018 adjusted diluted earnings per share in the $1.23 to $1.29 range, up 10-15% year over year.
The company further expects improved acquisition adjusted fixed currency sales growth in all the segments.
Furthermore, adjusted gross margin is expected to be approximately 42% of revenues.
Stock Price: In the last one year, Ecolab has outperformed the broader industry in terms of price. Notably, the stock has returned 15.6% compared to the industry’s loss of 3.4%. Following the earnings release, share prices dipped 5.1% in the pre-market trading session.
Check back later for our full write up on this Ecolab earnings report!
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Ecolab (ECL) Beats Earnings and Revenue Estimates in Q1
Ecolab Inc. (ECL - Free Report) 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 first-quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.
Earnings: Ecolab posted earnings per share of 91 cents, which beat the Zacks Consensus Estimate of 88 cents. Earnings also rose 13.8% from the prior-year quarter.
Revenues: Revenues came in at $3.47 billion, which outpaced the Zacks Consensus Estimate by 3%. Revenues also increased by 10% from the year-ago quarter.
Ecolab Inc. Price and EPS Surprise
Ecolab Inc. Price and EPS Surprise | Ecolab Inc. Quote
Major Factors: Global Industrial segment posted revenues worth $1.24 billion, up 3% (acquisition adjusted). Latin America, North America and Europe led the Global Industrial regional sales growth.
Global Institutional segment posted revenues worth $1.22 billion, up 5%, after adjusting earnings from acquisition.
Global Energy segment posted revenues worth $847.1 million, up 10% after adjusting acquisitions.
Other segment posted revenues worth $197.4 million, down 8% after adjusting acquisitions.
Key Stats: Ecolab raised its forecast for full year 2018 adjusted earnings per share to the $5.30-5.50 range, representing a 13-18% increase year over year. The prior forecast range was $5.25-5.45.
Ecolab expects second-quarter 2018 adjusted diluted earnings per share in the $1.23 to $1.29 range, up 10-15% year over year.
The company further expects improved acquisition adjusted fixed currency sales growth in all the segments.
Furthermore, adjusted gross margin is expected to be approximately 42% of revenues.
Stock Price: In the last one year, Ecolab has outperformed the broader industry in terms of price. Notably, the stock has returned 15.6% compared to the industry’s loss of 3.4%. Following the earnings release, share prices dipped 5.1% in the pre-market trading session.
Check back later for our full write up on this Ecolab earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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