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Ecolab (ECL) Reports In Line Q2 Earnings, Misses Sales
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.
ECOLAB INC Price and EPS Surprise
ECOLAB INC Price and EPS Surprise | ECOLAB INC Quote
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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