Ecolab (ECL) Reports In-Line Q1 EPS; Still Sees Strong 2nd-Half
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Ecolab First Quarter Reported Diluted EPS $0.60; Adjusted Diluted EPS $0.82, +1%; Continue to Expect Strong Second Half 2022 Earnings Growth
April 26, 2022 8:30 AM EDTST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. (NYSE: ECL):
FIRST QUARTER HIGHLIGHTS:
Very strong first quarter sales growth, driven by strong volume gains and accelerating pricing that overcame surging delivered product cost inflation in a rapidly changing global operating environment. Reported sales +13% versus last year. Acquisition adjusted fixed currency sales +12%. Reported diluted EPS $0.60, -10% versus last year. Adjusted diluted EPS, excluding special gains and charges and discrete tax items were $0.82, +1% versus last year. Adjusted diluted EPS includes $0.06... More