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Markets :: Specialty Chemicals :: Water treatment
Ecolab beats estimates on solid sales growth, narrows guidance
11:37 AM MDT | July 29, 2014 | Vincent Valk
Ecolab today reported adjusted net income up 46% year-on-year (YOY), to $311.4 million, on net sales up 7%, to $3.57 billion. Adjusted income totaled $1.03/share, slightly ahead of analysts’ consensus estimate of $1.02/share, as reported by Thomson Reuters (New York). “Results were driven by solid sales gains and margin expansion that once again reflected the strength of our business model and our continued growth focus,” says Ecolab chairman and CEO Douglas Baker. Global industrial segment sales rose 3% YOY, to $1.21 billion, while segment...
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