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Ecolab's New Aquanomic Enhances Laundry Operations at Hotels
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Ecolab Inc. (ECL - Free Report) recently announced the latest version of Aquanomic 2.0 Low-Temp Solid Laundry Program, which improves laundry operations at hotels. Management expects this to boost the company’s Global Institutional business, which comprises the Institutional, Specialty and Healthcare operating units.
About the Program
The program’s advanced analytics and chemistry enhances whiteness, extends linen life and reduces costs. Notably, the program offers a wide array of products like Laundry Solid Break, Laundry Solid Clearly Soft Plus, Laundry Solid Detergent, Laundry Solid Iron Control Sour and many more.
Furthermore, the program can deliver water savings of up to 40% and energy savings of up to 50%. Per management, Aquanomic can reduce hotels’ linen replacement by 20% or more and realize up to $9,500 in total annual savings when paired with Ecolab’s StainBlaster solution. Notably, Ecolab’s StainBlaster management provides professional stain-fighting performance.
Thus, the program fortifies Ecolab’s position in providing commercial laundry dispensing solutions.
Market Prospects
Per an article published on international hospitality service provider CBRE’s website, U.S. lodging industry owners and operators have seen a steady decline in revenue growth since 2014. The bleak revenue prospects are compelling hoteliers to focus on the operating statements.
According to a new report by Grand View Research, Inc., the U.S. laundry facilities and dry-cleaning market is expected to reach a worth of $14.1 billion by 2025. Increased adoption of highly automated machines for dry cleaning and laundry is expected to fuel market growth.
Hence the latest development is likely to be a well-timed one for Ecolab.
Global Institutional business
In the recently reported second quarter, the Global Institutional Unit contributed 35.2% to net revenues. Sales at the segment totaled $1.3 billion, up 6% year over year, led by strong growth in the Specialty business.
Price Performance
Over the past year, shares of Ecolab have rallied 12.5% compared with the industry’s rise of 5.2%.
Zacks Rank & Key Picks
Ecolab currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader medical space are Intuitive Surgical (ISRG - Free Report) , Integer Holdings Corporation (ITGR - Free Report) and Masimo Corporation (MASI - Free Report) .
Intuitive Surgical’s expected long-term earnings growth rate is 14.7%. The stock carries a Zacks Rank #2 (Buy).
Masimo’s long-term earnings growth rate is projected at 14.8%. The stock carries a Zacks Rank #2.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Ecolab's New Aquanomic Enhances Laundry Operations at Hotels
Ecolab Inc. (ECL - Free Report) recently announced the latest version of Aquanomic 2.0 Low-Temp Solid Laundry Program, which improves laundry operations at hotels. Management expects this to boost the company’s Global Institutional business, which comprises the Institutional, Specialty and Healthcare operating units.
About the Program
The program’s advanced analytics and chemistry enhances whiteness, extends linen life and reduces costs. Notably, the program offers a wide array of products like Laundry Solid Break, Laundry Solid Clearly Soft Plus, Laundry Solid Detergent, Laundry Solid Iron Control Sour and many more.
Furthermore, the program can deliver water savings of up to 40% and energy savings of up to 50%. Per management, Aquanomic can reduce hotels’ linen replacement by 20% or more and realize up to $9,500 in total annual savings when paired with Ecolab’s StainBlaster solution. Notably, Ecolab’s StainBlaster management provides professional stain-fighting performance.
Thus, the program fortifies Ecolab’s position in providing commercial laundry dispensing solutions.
Market Prospects
Per an article published on international hospitality service provider CBRE’s website, U.S. lodging industry owners and operators have seen a steady decline in revenue growth since 2014. The bleak revenue prospects are compelling hoteliers to focus on the operating statements.
According to a new report by Grand View Research, Inc., the U.S. laundry facilities and dry-cleaning market is expected to reach a worth of $14.1 billion by 2025. Increased adoption of highly automated machines for dry cleaning and laundry is expected to fuel market growth.
Hence the latest development is likely to be a well-timed one for Ecolab.
Global Institutional business
In the recently reported second quarter, the Global Institutional Unit contributed 35.2% to net revenues. Sales at the segment totaled $1.3 billion, up 6% year over year, led by strong growth in the Specialty business.
Price Performance
Over the past year, shares of Ecolab have rallied 12.5% compared with the industry’s rise of 5.2%.
Zacks Rank & Key Picks
Ecolab currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader medical space are Intuitive Surgical (ISRG - Free Report) , Integer Holdings Corporation (ITGR - Free Report) and Masimo Corporation (MASI - Free Report) .
Intuitive Surgical’s expected long-term earnings growth rate is 14.7%. The stock carries a Zacks Rank #2 (Buy).
Integer Holdings has an expected long-term earnings growth rate of 15%. The stock flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Masimo’s long-term earnings growth rate is projected at 14.8%. The stock carries a Zacks Rank #2.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>