Leading cleaning and sanitation products maker,
) has been selected as the official hygiene supplier for the 2013
Universiade Games. Ecolab will provide its leading products and
on-site services to local partners at the event.
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Ecolab will be serving more than 100,000 athletes, volunteers and
spectators visiting Kazan, Russia for this event. The partnership
with Universiade Games will boost Ecolab's brand name and help
enhance its top line considerably.
The Minn.-based company reported revenue growth of 2% in the
first quarter of 2013. The Zacks Consensus Estimate for 2013
revenues is pegged at $13,482 million, which represents a 14%
hike over 2012 revenues.
Ecolab serves the foodservice, food and beverage processing,
healthcare and hospitality markets across the globe. We are
impressed by Ecolab's consistent double-digit earnings growth
despite the current challenging business environment. The company
remains focused on introducing new technologies into the market.
Based on its history of robust growth, Ecolab is poised to gain
momentum via its aggressive strategy of pursuing acquisitions.
Ecolab acquired Champion Technologies to become a giant in the
oilfield chemical business and reduce competition for its Nalco
Though multiple acquisitions have expanded Ecolab's product
range, we remain concerned about the acquisition and
integration-related risks. Difficult economic trends, currency
fluctuations, higher raw material prices, product delivery costs
and pension costs also remain headwinds.
Ecolab currently has a Zacks Rank #3 (Hold). Other companies from
the basic materials industry such as
KapStone Paper and Packaging
) warrant a look. All these stocks carry Zacks Rank #1 (Strong