Ecolab (ECL) Misses Q4 EPS by 2c; Guides FY16 EPS Below Views
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Ecolab Reports Fourth Quarter Diluted EPS $0.69; Adjusted Diluted EPS +2% to $1.22 Including $0.13 (11%) Currency Headwind
February 23, 2016 8:31 AM ESTExpect strong 9% to 13% 2016 full-year adjusted EPS growth before an estimated 9% ($0.35 to $0.40) of unfavorable currency and the impact of Venezuela deconsolidation
ST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. (NYSE: ECL):
FOURTH QUARTER HIGHLIGHTS:
Diluted EPS $0.69; includes a deconsolidation charge for the Venezuelan business, restructuring and other charges Adjusted EPS $1.22, +2%, excluding special gains and charges and discrete tax items, as raw material and other cost savings, synergies, and a lower tax rate and shares more than offset a $0.13 (11%) per share currency headwind... More