Ecolab (ECL) Reports In-Line Q4 EPS, Offers Q1 and FY Guidance
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Ecolab Fourth Quarter Reported Diluted EPS $1.35; Adjusted Diluted EPS $1.54, +12%; 2019 Adjusted Diluted EPS Forecast $5.80 to $6.00 +10% to 14%
February 19, 2019 8:30 AM ESTST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. (NYSE: ECL):
FOURTH QUARTER HIGHLIGHTS:
Reported diluted EPS $1.35, -30%. Adjusted diluted EPS $1.54, +12%, excluding special gains and charges and discrete tax items. Reported sales +3%. Acquisition adjusted fixed currency sales +6% with strong growth in the Industrial, Institutional and Other segments. Sales gains, pricing, new product innovation, cost savings and a lower tax rate more than offset higher delivered product costs, investments in the business and unfavorable foreign exchange to... More