Ecolab earnings rise

Ecolab’s fiscal fourth-quarter earnings increased 161% year-on-year (YOY), to $231.4 million, on sales up 65%, to $3.05 billion. Sales and income included adjustments related to the acquisition of Nalco and other special items. Excluding these items and including Nalco in YOY comparisons, adjusted pro forma operating income rose 33%, to $440 million, while net sales were up 7%, to 3.04 billion. Adjusted earnings totaled 89 cts/share, matching analysts’ consensus estimate, as reported by Thomson Reuters (New York). Ecolab expects 2013 full-year earnings to...

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