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Ecolab earnings match estimates on strong sales
10:45 AM MDT | April 28, 2014 | Vincent Valk
Ecolab today reported net income up 20% year-on-year (YOY), to $191 million, on sales up 16%, to $3.34 billion. Adjusted earnings, excluding restructuring and other charges, rose 23% YOY, to $228.2 million, or 74 cts/share, matching analysts’ consensus estimate, as reported by Thomson Reuters (New York). "First-quarter results were in line with our expectations, as our team delivered solid organic sales growth and strong earnings gains, more than offsetting unfavorable currencies,” says Ecolab chairman and CEO Douglas Baker. Global industrial...
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