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Looking for a Growth Stock? 3 Reasons Why Ecolab (ECL) is a Solid Choice
ZACKS· 2024-08-06 17:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy with the hel ...
Ecolab (ECL) Sells Surgical Solutions Business to Medline
ZACKS· 2024-08-02 15:46
Ecolab Inc. (ECL) has completed the sale of its global surgical solutions business to Medline for approximately $950 million in cash. Medline had announced a definitive agreement to acquire Ecolab's global surgical solutions business, including the Microtek product lines, on Apr 30, 2024. Following the sale, Ecolab will continue serving hospitals through its infection prevention and instrument reprocessing businesses, which provide environmental hygiene programs and cleaning and sterilization solutions for ...
Ecolab(ECL) - 2024 Q2 - Quarterly Report
2024-08-02 12:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $1.00 par value 2.625% Euro Notes due 2025 ECL ECL 25 New York Stock Exchange New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...
Ecolab(ECL) - 2024 Q2 - Earnings Call Transcript
2024-07-30 18:35
Ecolab Inc. (NYSE:ECL) Q2 2024 Earnings Conference Call July 30, 2024 1:00 PM ET Company Participants Andy Hedberg - Vice President, Investor Relations Christophe Beck - Chairman & Chief Executive Officer Scott Kirkland - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Ashish Sabadra - RBC Capital Markets Ronan Kennedy - Barclays John Roberts - Mizuho Securities Lucas Beaumont - UBS Chris Parkinson - Wolfe Research John McNulty - BMO Capital Markets Jeff Zekauskas - JPMorg ...
Ecolab (ECL) Q2 Earnings Surpass Estimates, Margins Rise
ZACKS· 2024-07-30 18:11
Ecolab Inc. (ECL) reported second-quarter 2024 adjusted earnings per share (EPS) of $1.68, up 35.5% year over year. The bottom line exceeded the Zacks Consensus Estimate by 1.2%. The year-over-year uptick in the second-quarter organic sales was driven by strong growth in the Institutional & Specialty and Pest Elimination segments and modest growth in the Industrial segment. Effective in the first quarter of 2024, Ecolab has modified its segment reporting, where Global Pest Elimination is now a standalone re ...
Ecolab(ECL) - 2024 Q2 - Earnings Call Presentation
2024-07-30 16:44
ECOLAB Second Quarter 2024 Supplemental Forward-Looking Information This communication contains forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding delivered product costs, and demand; our financial and business performance and prospects, including sales, earnings, margins, pricing, volume, productivity, new business, and investments; the opportunities, savings and c ...
Ecolab (ECL) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-07-30 14:36
For the quarter ended June 2024, Ecolab (ECL) reported revenue of $3.99 billion, up 3.5% over the same period last year. EPS came in at $1.68, compared to $1.24 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $4.03 billion, representing a surprise of -1.22%. The company delivered an EPS surprise of +1.20%, with the consensus EPS estimate being $1.66. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...
Ecolab (ECL) Q2 Earnings Beat Estimates
ZACKS· 2024-07-30 14:11
Ecolab (ECL) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.20%. A quarter ago, it was expected that this cleaning, food-safety and pest-control services company would post earnings of $1.33 per share when it actually produced earnings of $1.34, delivering a surprise of 0.75%. Over ...
Ecolab(ECL) - 2024 Q2 - Quarterly Results
2024-07-30 12:11
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 PERFORMANCE IN THE SECOND QUARTER REPORTED DILUTED EPS $1.71; ADJUSTED DILUTED EPS $1.68, +35% INCREASED 2024 ADJUSTED DILUTED EPS OUTLOOK: $6.50 - $6.70, +25% - 29% SECOND QUARTER HIGHLIGHTS ● Reported sales $4.0 billion, +3% versus last year, including a 1% headwind from unfavorable foreign currency exchange. Organic sales +4% as ...
Countdown to Ecolab (ECL) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-07-26 14:20
The upcoming report from Ecolab (ECL) is expected to reveal quarterly earnings of $1.66 per share, indicating an increase of 33.9% compared to the year-ago period. Analysts forecast revenues of $4.03 billion, representing an increase of 4.7% year over year. Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of t ...