Citi Upgrades Ecolab Inc. (ECL) to Buy

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/5/2026

1. PTC
2. NVDA
3. PCVX
4. META
5. MSFT
6. SPY
7. GOOGL
8. GMAB
9. USO
10. AMD

Go back to Citi Upgrades Ecolab Inc. (ECL) to Buy

Ecolab Delivers Continued Strong Performance in the Second Quarter; Reported Diluted EPS $1.71; Adjusted Diluted EPS $1.68, +35%; Increased 2024 Adjusted Diluted EPS Outlook: $6.50 - $6.70, +25% - 29%

July 30, 2024 8:00 AM EDT

ST. PAUL, Minn.--(BUSINESS WIRE)--

Ecolab Inc. (NYSE: ECL):

SECOND QUARTER HIGHLIGHTS

Reported sales $4.0 billion, +3% versus last year, including a 1% headwind from unfavorable foreign currency exchange. Organic sales +4% as Institutional & Specialty segment sales growth normalized to a strong +7% as expected. The segment lapped last years very strong pricing delivery. Performance across the Pest Elimination, Industrial and Healthcare & Life Sciences segments all improved. Reported operating income margin 16.5%. Organic operating income margin 17.0%, +360 bps as lower supply chain costs, value pricing,... More