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 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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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. 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!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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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