Ecolab (ECL) Reports In-Line Q2 EPS, Revenues Miss; Offers FY18 EPS Mid-Point Outlook Above Consensus
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Ecolab Second Quarter Reported Diluted EPS $1.20; Adjusted Diluted EPS $1.27, +13%; Full Year 2018 Adjusted Diluted EPS Forecast $5.30 to $5.50 +13%-18%
July 31, 2018 8:30 AM EDTAnnounces initiative to streamline organization and improve efficiency
ST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. (NYSE: ECL):
SECOND QUARTER HIGHLIGHTS:
Reported diluted EPS $1.20, +20%. Adjusted diluted EPS $1.27, +13%, excluding special gains and charges and discrete tax items. Reported sales +7%. Acquisition adjusted fixed currency sales +5% with solid growth in all segments. Strong sales gains, pricing, new product innovation and cost savings more than offset higher delivered product costs and investments in the business.... More