Ecolab Third Quarter Reported Diluted EPS $1.48; Adjusted Diluted EPS $1.53, +11%; 2018 Adjusted Diluted EPS Forecast Reduced to $5.20 to $5.30 +11% to 13%

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Go back to Ecolab Third Quarter Reported Diluted EPS $1.48; Adjusted Diluted EPS $1.53, +11%; 2018 Adjusted Diluted EPS Forecast Reduced to $5.20 to $5.30 +11% to 13%

Ecolab (ECL) Misses Q3 EPS by 1c, Revenues Beat; Lowers FY18 EPS Outlook Below Consensus

October 30, 2018 8:33 AM EDT

Ecolab (NYSE: ECL) reported Q3 EPS of $1.53, $0.01 worse than the analyst estimate of $1.54. Revenue for the quarter came in at $3.75 billion versus the consensus estimate of $3.74 billion.

Reported diluted EPS $1.48, +10%.Adjusted diluted EPS $1.53, +11%, excluding special gains and charges and discrete tax items.Reported sales +5%. Acquisition adjusted fixed currency sales +7% 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. Lower taxes also benefited the adjusted EPS gain.2018 adjusted diluted EPS... More