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. The company’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 #4 (Sell) but that could change following its second-quarter 2016 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 of $1.08 per share which remained flat on a year-over-year basis and was in line with the Zacks Consensus Estimate.
Sales: Adjusted net sales were $3.25 billion, up 1% from the year-ago quarter. However, net sales lagged the Zacks Consensus Estimate of $3.30 billion.
Key Stats: At constant currency (cc) and excluding special gains and charges, operating income increased 3.2% to $491 million.
Major Factors: Robust performance from Global Institutional, Global Industrial and Other segments partially offset a weak result in Global Energy segment.
Stock Price: Ecolab has declined 1.4% in the pre-market trading session, which reflects investors’ pessimism on the results.
Check back later for our full write up on this Ecolab earnings report later!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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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. The company’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 #4 (Sell) but that could change following its second-quarter 2016 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 of $1.08 per share which remained flat on a year-over-year basis and was in line with the Zacks Consensus Estimate.
Sales: Adjusted net sales were $3.25 billion, up 1% from the year-ago quarter. However, net sales lagged the Zacks Consensus Estimate of $3.30 billion.
Key Stats: At constant currency (cc) and excluding special gains and charges, operating income increased 3.2% to $491 million.
Major Factors: Robust performance from Global Institutional, Global Industrial and Other segments partially offset a weak result in Global Energy segment.
Stock Price: Ecolab has declined 1.4% in the pre-market trading session, which reflects investors’ pessimism on the results.
Check back later for our full write up on this Ecolab earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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