Ecolab (ECL) Tops Q1 EPS by 7c, Revenues Beat
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Ecolab First Quarter Reported Diluted EPS $0.97; Adjusted Diluted EPS $1.13, +10%
April 28, 2020 8:30 AM EDTST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. (NYSE: ECL):
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 operating income +12% as pricing, improved volume... More