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 second-quarter 2017 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 second quarterly adjusted earnings of $1.13 per share which came above the Zacks Consensus Estimate of $1.12. This also came higher than the year-ago quarterly earnings of $1.08.
Sales: Adjusted quarterly net sales were $3.46 billion, up 4% from the year-ago quarter. Also, net sales came above the Zacks Consensus Estimate of $3.40 billion.
Key Stats: Quarterly results were boosted by improved sales gains, new product innovation and cost savings. This more than offset higher delivered product costs in the reported quarter.
Check back later for our full write up on this Ecolab earnings report later!
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