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Ecolab (ECL) Misses On Earnings In Q1

Ecolab Inc. ECL, founded in 1923 and headquartered in St. Paul, MN, is a leading provider of cleaning, sanitizing, food safety and infection prevention products and services. The company serves the foodservice, food and beverage processing, healthcare, and hospitality markets both in the U.S. as well as internationally. Ecolab’s 10 operating units have been aggregated into 4 reportable segments, namely Global Industrial, Global Institutional, Global Energy and Other.

Currently, Ecolab has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
 

Ecolab Inc. Price and EPS Surprise

 

Ecolab Inc. Price and EPS Surprise | Ecolab Inc. Quote

We have highlighted some of the key details from the just-released announcement below:

Earnings: Ecolab posted first quarterly adjusted earnings of 80 cents per share which missed the Zacks Consensus Estimate of 81 cents. However this came higher than the year-ago quarterly earnings of 77 cents.

Sales: Adjusted quarterly net sales were $3.16 billion, up 2% from the year-ago quarter. Also, net sales came in-line with the Zacks Consensus Estimate.

Key Stats: Quarterly results were boosted by robust performance from Global Energy, Global Institutional, Global Industrial and Other segments partially offset higher delivered product costs.

Check back later for our full write up on this Ecolab earnings report later!
 

 

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Ecolab Inc. (ECL): Free Stock Analysis Report
 
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