Citi Upgrades Ecolab Inc. (ECL) to Buy
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Ecolab Second Quarter Reported Diluted EPS $0.87 Adjusted Diluted EPS $1.08, Flat to Last Year; Includes $0.08 (7%) Currency Headwind
August 2, 2016 8:31 AM EDT2016 full-year adjusted EPS forecast narrowed to $4.35 to $4.50, from $4.35 to $4.55
ST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. (NYSE: ECL):
SECOND QUARTER HIGHLIGHTS:
Reported diluted EPS $0.87; includes $0.21 per share special charge primarily related to the energy industry downturn, as well as discrete tax items Adjusted diluted EPS $1.08, as lower delivered product costs, cost savings and lower taxes and shares offset an $0.08 (7%) per share currency headwind Solid Global Institutional, Global Industrial and Other segment acquisition adjusted fixed currency sales +4%, offset by Global Energy sales decline Strong operating cash flow of $875 million year to date, +37% Â Â Â Second Quarter Ended June 30... More