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Ecolab Income Rises on Nalco Merger; Guidance Narrowed
10:11 AM MDT | July 31, 2012 | Vincent Valk
Ecolab’s second-quarter net income was up 47% year-on-year (YOY), to $185 million, due to the impact of Nalco. Sales were up 74%, to $3 billion, on the impact of Nalco. Adjusted earnings, excluding merger charges, totaled 72 cts/share, matching analysts estimates, as reported by Thomson Reuters (New York). The company narrowed its full-year earnings guidance to $2.95–$3.02/share, with the high end falling about 1%, from $3.05/share. The low end remains unchanged. Third-quarter adjusted earnings are expected to total 83 cts–87 cts/share...
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