Ecolab (ECL) Tops Q2 EPS by 1c; Guides In-Line
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Ecolab Second Quarter Reported Diluted EPS $1.01; Adjusted Diluted EPS $1.13, +5%; Maintains Full Year 2017 Adjusted Diluted EPS Forecast of $4.70 to $4.90
August 1, 2017 8:15 AM EDTST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. (NYSE: ECL):
SECOND QUARTER HIGHLIGHTS:
Reported diluted EPS $1.01, +16%. Adjusted diluted EPS $1.13, +5%, excluding special gains and charges and discrete tax items. Improved acquisition adjusted fixed currency sales growth of 4% with all segments growing. Improved sales gains, new product innovation and cost savings offset higher delivered product costs (which included an unfavorable $0.04 per share year-on-year currency hedge comparison). Interest/taxes/shares benefited the earnings per share gain.... More
