in this issue
People & Business :: Companies
Ecolab Net Income Falls on Nalco Merger Charges
May 1, 2012 | Vincent Valk
Ecolab's first-quarter net income fell 47% year-on-year, to $50 million, on restructuring charges related to the Nalco merger. Sales were up 85%, to $2.8 billion, due to the addition of Nalco. Fixed currency sales were up 9% on a proforma basis, which adjusts for the inclusion of Nalco. Adjusted net income, excluding the merger and other charges, rose 40%, to $150 million, or 50 cts/share. Earnings per share (EPS) beat analysts' consensus of 48 cts/share, as reported by Thomson Reuters (New York). U.S. cleaning and sanitizing sales were up 4% year-on-year, to...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee