Ecolab Second Quarter Reported Diluted Continuing Operations EPS $0.44; Adjusted Diluted Continuing Operations EPS $0.65, -49%
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Ecolab (ECL) Misses Q2 EPS by 20c, Revenues Miss
July 28, 2020 8:31 AM EDTEcolab (NYSE: ECL) reported Q2 EPS of $0.65, $0.20 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $2.69 billion versus the consensus estimate of $2.84 billion.
SECOND QUARTER HIGHLIGHTS:
Reported sales from continuing operations -15%. Acquisition adjusted fixed currency sales -14% as strong growth in the Healthcare and Life Sciences segment was more than offset by a modest Industrial segment decrease and significant declines in the Institutional and Other segments.Reported diluted EPS -$6.98, driven by the previously disclosed net $2.1 billion non-cash charge for ChampionX. ChampionX results and ChampionX... More