Ecolab (ECL) Misses Q4 EPS by 3c
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Ecolab Fourth Quarter Reported Diluted EPS $1.47; Adjusted Diluted EPS $1.66, +8% ; 2020 Adjusted Diluted EPS Forecast $6.33 to $6.53, +9% To 12%
February 18, 2020 8:30 AM ESTST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. (NYSE: ECL):
FOURTH QUARTER HIGHLIGHTS:
Reported diluted EPS $1.47, +9%. Adjusted diluted EPS $1.66, +8%, excluding special gains and charges and discrete tax items. Excluding the estimated impact of a European Healthcare product recall, adjusted diluted earnings per share would have been +10% to $1.69. Reported sales +2%. Acquisition adjusted fixed currency sales +1% as growth in the Industrial, Institutional and Other segments was partially offset by a 3% decline in Energy. Excluding the Upstream Energy business (recently renamed ChampionX), acquisition... More