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People & Business :: Earnings/Finance
Ecolab earnings rise on Nalco, solid demand
10:54 AM MDT | October 30, 2012 | Robert Westervelt
Ecolab reported third-quarter net income of $238 million, up 54% from the year-ago quarter, driven by its December 2011 acquisition of Nalco and strong results in energy, healthcare and pest elimination businesses. Sales rose 74%, to $3.0 billion. Ecolab says proforma operating income, adjusted for the impact of the Nalco acquisition, rose 19%, to $434.2 million. Proforma sales, adjusted for the impact of the Nalco acquisition and currency impacts, rose 7%, to $3.0 billion. Reported adjusted earnings were 87 cts/share, up 16% from the prior-year quarter, and...
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