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Ecolab (ECL) Beats Q1 Earnings, Sales Estimates

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. The company’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 #4 (Sell) but that could change following its first-quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: Ecolab posted adjusted earnings of 77 cents per share which decreased by 4% on a year-over-year basis. However, adjusted earnings beat the Zacks Consensus Estimate by a penny.

Sales: Net sales were almost $3.10 billion, down 6% from the year-ago quarter. Net sales also beat the Zacks Consensus Estimate of $3.08 billion.

Key Stats: At constant currency (cc) and excluding special gains and charges, operating income increased 6% to $374 million.

Major Factors: Robust performance from Global Institutional, Global Industrial and Other partially offset a weak result in Global Energy segment.

Stock Price: Ecolab has gained 5.8% in the pre-market trading session, which reflects investors’ optimism on the results.

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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