Ecolab First Quarter Reported Diluted EPS $0.97; Adjusted Diluted EPS $1.13, +10%
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Ecolab (ECL) Tops Q1 EPS by 7c, Revenues Beat
April 28, 2020 8:31 AM EDTEcolab (NYSE: ECL) reported Q1 EPS of $1.13, $0.07 better than the analyst estimate of $1.06. Revenue for the quarter came in at $3.58 billion versus the consensus estimate of $3.5 billion.
FIRST QUARTER HIGHLIGHTS:
Reported diluted EPS $0.97, -4%.Adjusted diluted EPS $1.13, +10%, excluding special gains and charges and discrete tax items.Reported sales +2%. Acquisition adjusted fixed currency sales also +2% as good growth in the Institutional and Healthcare & Life Sciences segments more than offset a 3% decline in Upstream Energy. Excluding the Upstream Energy business, acquisition adjusted fixed currency sales were +3%.Reported operating income +8%. Adjusted... More