Ecolab (ECL) Reports In-Line Q4 EPS
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Ecolab Fourth Quarter Reported Diluted EPS $1.93; Adjusted Diluted EPS $1.39, +11%; Expects Full Year 2018 Adjusted Diluted EPS +12%-16% to $5.25 to $5.45 Range
February 20, 2018 8:30 AM ESTST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. (NYSE: ECL):
FOURTH QUARTER HIGHLIGHTS:
Reported diluted EPS $1.93, +56%; includes a $0.55 net discrete tax benefit from U.S. Tax Reform. Adjusted diluted EPS $1.39, +11%, excluding special gains and charges and discrete tax items. Reported sales +9%. Acquisition adjusted fixed currency sales + 6% with accelerated growth in all segments. Improved sales gains, pricing, new product innovation and cost savings more than offset higher delivered product costs. Lower taxes and interest expense... More