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 #2 (Buy) but that could change following its second-quarter 2015 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 per share (EPS) of $1.08 which increased nearly 5% on a year-over-year basis. Adjusted EPS was in line with the Zacks Consensus Estimate.
Sales: Net sales amounted to $3.39 billion, down 5% from the prior-year quarter. Net sales also missed the Zacks Consensus Estimate of $3.51 billion.
Key Stats : Global Industrial segment sales grew 4% year over year to $1.20 billion. Global Institutional segment sales increased 6% to $1.10 billion. Global Energy segment sales declined 5% year over year to $964.8 million, whereas sales from the Other segment grew 5% year over year to $195.4 million.
Major Factors : Ecolab maintained its EPS forecast for 2015 and expects adjusted EPS in the range of $4.45-$4.60, representing a year-over-year growth of 6%-10%. For the third quarter of 2015, adjusted EPS is expected to lie in the range of $1.24-$1.31, reflecting a year-over-year growth of 2%-8%.
Stock Price : Following the earnings release, share prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this Ecolab earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.