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Ecolab Net Income Falls on Merger Charges
9:20 AM MST | February 28, 2012 | Vincent Valk
Ecolab’s fourth-quarter net income fell 32% year-on-year, to $89 million, or 32 cts/share, mostly due to charges related to the Nalco acquisition, which closed on December 1. Excluding those charges, fourth-quarter net income rose 15%, to $163 million, or 70 cts/share. This matches analysts’ estimates, as reported by Thomson One (New York). Sales for U.S. cleaning and sanitizing segment rose 8% year-on-year, to $733 million. Adjusting for the Nalco acquisition, sales were up 5%. Operating income rose 27%, to $144 million, or 19% adjusting for...
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