IHS Chemical Week

Strong sales lift Ecolab earnings

12:08 PM MDT | October 29, 2013

Ecolab today reported net income of $308 million, up 29% year-on-year (YOY), on sales up 15%, to $3.49 billion. Adjusted earnings totaled $1.04/share, up 20% and slightly ahead of analysts’ consensus estimate of $1.03/share, as reported by Thomson Reuters (New York). Global industrial segment sales were up 3% YOY, to $1.26 billion, while segment operating income rose 10%, to $181 million. Food and beverage and paper sales led the increases in terms of end markets, while sales grew quickly in Asia Pacific and Latin America, modestly in North America, and...

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