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Ecolab(ECL) - 2024 Q3 - Earnings Call Transcript
2024-10-29 20:26
Ecolab, Inc. (NYSE:ECL) Q3 2024 Earnings Conference Call October 29, 2024 1:00 PM ET Company Participants Andy Hedberg - VP, IR Christophe Beck - Chairman & CEO Scott Kirkland - CFO Conference Call Participants Tim Mulrooney - William Blair Ron Kennedy - Barclays Josh Spector - UBS John Roberts - Mizuho Securities John McNulty - BMO Capital Markets Jason Hass - Wells Fargo Patrick Cunningham - Citi Chris Parkinson - Wolfe Research Shlomo Rosenbaum - Stifel David Begleiter - Deutsche Bank Pavel Molchanov - R ...
ECL Q3 Earnings Surpass Estimates, Revenues Miss, Margins Rise
ZACKS· 2024-10-29 17:01
Ecolab Inc. (ECL) reported third-quarter 2024 adjusted earnings per share (EPS) of $1.83, up 18.8% year over year. The bottom line beat the Zacks Consensus Estimate by 0.5%. GAAP EPS for the quarter was $2.58, up 82.9% year over year. Revenue Details Revenues grossed $3.99 billion in the reported quarter, up 1% year over year. The metric missed the Zacks Consensus Estimate by 0.8%. Ecolab's organic sales increased 3.9% from the prior-year period's level. The year-over-year uptick in third-quarter organic sa ...
Here's What Key Metrics Tell Us About Ecolab (ECL) Q3 Earnings
ZACKS· 2024-10-29 15:00
Ecolab (ECL) reported $4 billion in revenue for the quarter ended September 2024, representing a year-overyear increase of 1%. EPS of $1.83 for the same period compares to $1.54 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $4.02 billion, representing a surprise of -0.65%. The company delivered an EPS surprise of +0.55%, with the consensus EPS estimate being $1.82. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...
Ecolab (ECL) Beats Q3 Earnings Estimates
ZACKS· 2024-10-29 14:10
Ecolab (ECL) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $1.54 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 0.55%. A quarter ago, it was expected that this cleaning, food-safety and pest-control services company would post earnings of $1.66 per share when it actually produced earnings of $1.68, delivering a surprise of 1.20%. Over ...
Ecolab(ECL) - 2024 Q3 - Quarterly Results
2024-10-29 12:07
Exhibit 99.1 News Release Investor Contact: Media Contact: Andrew Hedberg (651) 250-2185 Nigel Glennie (651) 250-2576 Cairn Clark (651) 250-2291 ECOLAB DELIVERS CONTINUED STRONG GROWTH IN THE THIRD QUARTER REPORTED DILUTED EPS $2.58; ADJUSTED DILUTED EPS $1.83, +19% INCREASED 2024 ADJUSTED DILUTED EPS OUTLOOK: $6.60 - $6.70, +27% - 29% THIRD QUARTER HIGHLIGHTS ● Reported sales $4.0 billion, +1% versus last year including a 2% headwind from the sale of the global surgical solutions business and a 1% headwind ...
Ecolab's Set to Report Q3 Earnings: What's in Store for the Stock?
ZACKS· 2024-10-25 18:55
Ecolab, Inc. (ECL) is scheduled to report third-quarter 2024 results on Oct. 29, 2024, before the opening bell.In the last reported quarter, the company’s earnings per share (EPS) of $1.68 surpassed the Zacks Consensus Estimate by 1.2%. Over the trailing four quarters, its earnings outperformed the Zacks Consensus Estimate on all occasions, delivering an earnings surprise of 0.98%, on average.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Let’s see how things have shaped up for Eco ...
Seeking Clues to Ecolab (ECL) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
ZACKS· 2024-10-24 14:21
Wall Street analysts forecast that Ecolab (ECL) will report quarterly earnings of $1.82 per share in its upcoming release, pointing to a year-over-year increase of 18.2%. It is anticipated that revenues will amount to $4.02 billion, exhibiting an increase of 1.7% compared to the year-ago quarter.The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their in ...
Reasons to Retain Ecolab Stock in Your Portfolio for Now
ZACKS· 2024-10-23 17:31
Ecolab Inc. (ECL) has been gaining from its solid product portfolio. The optimism, led by a solid second-quarter 2024 performance, along with solid long-term growth prospects, is expected to contribute further. However, concerns arising from cost fluctuations persist.This Zacks Rank #3 (Hold) stock has rallied 30.2% year to date against the industry’s 11.3% decline. The S&P 500 Composite has increased 22.8% during the same time frame.The renowned water, hygiene and infection prevention solutions and service ...
Will Ecolab (ECL) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-02 17:16
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Ecolab (ECL) , which belongs to the Zacks Chemical - Specialty industry, could be a great candidate to consider. This cleaning, food-safety and pest-control services company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 0. ...
Here is Why Growth Investors Should Buy Ecolab (ECL) Now
ZACKS· 2024-10-01 17:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores ...