Ecolab (ECL) Tops Q1 EPS by 1c, Beats on Revenues

Ecolab (NYSE: ECL) reported Q1 EPS of $0.91, $0.01 better than the analyst estimate of $0.90. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.38 billion.

FIRST QUARTER HIGHLIGHTS:

• Reported diluted EPS $0.84, -2%.
• Adjusted diluted EPS $0.91, +14%, excluding special gains and charges and discrete tax items.
• Reported sales +10%. Acquisition adjusted fixed currency sales +6% with solid growth in all segments.
• Strong sales gains, pricing, new product innovation and cost savings offset higher delivered product costs. Lower taxes and interest expense also benefited the adjusted EPS gain.

For earnings history and earnings-related data on Ecolab (ECL) click here.

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