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Ecolab earnings beat estimates on strong energy results
9:26 AM MDT | July 30, 2013 | Vincent Valk
Ecolab has reported second-quarter net income up 16% year-on-year (YOY), to$213.1 million, or 69 cts/share, on sales up 13%, to $3.38 billion. Adjusted net income, which excludes some charges and gains, totaled 86 cts/share, ahead of analysts’ consensus estimate of 84 cts/share, as reported by Thomson Reuters (New York). “We successfully strengthened our underlying business momentum through good new business gains, effective deployment of new program launches which enabled us to further help our customers meet their operating and sustainability goals...
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