Ecolab (ECL) Misses Q1 EPS by 1c; Lowers Outlook
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Ecolab Reports First Quarter Diluted EPS $0.77; Adjusted EPS +8% to $0.80
April 28, 2015 8:31 AM EDT2015 full-year adjusted EPS forecast revised to $4.45 to $4.60, +6% to +10% from $4.50 to $4.70
ST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. (NYSE: ECL):
2015 FIRST QUARTER HIGHLIGHTS:
Reported sales -1%; fixed currency and acquisition adjusted fixed currency sales +4% led by the Institutional, Industrial and Other segments, with strong gains in the Latin America and Middle East & Africa regions as well as good growth in Europe Reported diluted EPS $0.77, +24% Record adjusted EPS $0.80, +8%, excluding special gains and charges and discrete tax items, as raw material cost savings, cost efficiency programs, synergies and lower tax rate and shares more than offset strong currency and pension headwinds... More