Ecolab (ECL) Tops Q1 EPS by 1c, Revenues Miss; Affirms FY19 EPS Outlook
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Ecolab First Quarter Reported Diluted EPS $1.01; Adjusted Diluted EPS $1.03, +13%; 2019 Adjusted Diluted EPS Forecast Remains $5.80 to $6.00, +10% to 14%
April 30, 2019 8:30 AM EDTST. PAUL, Minn.--(BUSINESS WIRE)--
Ecolab Inc. (NYSE: ECL):
FIRST QUARTER HIGHLIGHTS:
Reported diluted EPS $1.01, +20%. Adjusted diluted EPS $1.03, +13%, excluding special gains and charges and discrete tax items. Currency translation was an unfavorable $0.04 per share. Reported sales +1%. Acquisition adjusted fixed currency sales +3% as strong growth in the Industrial and Other segments more than offset a modest decline in Energy sales. Strong adjusted fixed currency operating margin... More