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Ecolab earnings rise on strong sales

1:38 PM MDT | October 29, 2013 | Vincent Valk

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). "We continued to see solid sales progress in the third quarter as our new products, customer service execution, and our focus on delivering total cost solutions for customers once again led to further account gains and continued organic growth progress in spite of sluggish economies. This...

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