Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Ecolab (ECL) Beats Q1 Earnings, Sales Estimates

Published 05/02/2016, 09:52 PM
Updated 07/09/2023, 06:31 AM

Ecolab Inc. (NYSE:ECL) , founded in 1923 and headquartered in St. Paul, MN, is a leading provider of cleaning, sanitizing, food safety and infection prevention products and services. The company serves the foodservice, food and beverage processing, healthcare, and hospitality markets both in the U.S. as well as internationally. The company’s 10 operating units have been aggregated into 4 reportable segments, namely Global Industrial, Global Institutional, Global Energy and Other.

Currently, Ecolab has a Zacks Rank #4 (Sell) but that could change following its first-quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: Ecolab posted adjusted earnings of 77 cents per share which decreased by 4% on a year-over-year basis. However, adjusted earnings beat the Zacks Consensus Estimate by a penny.

Sales: Net sales were almost $3.10 billion, down 6% from the year-ago quarter. Net sales also beat the Zacks Consensus Estimate of $3.08 billion.

Key Stats: At constant currency (cc) and excluding special gains and charges, operating income increased 6% to $374 million.

Major Factors: Robust performance from Global Institutional, Global Industrial and Other partially offset a weak result in Global Energy segment.

Stock Price: Ecolab has gained 5.8% in the pre-market trading session, which reflects investors’ optimism on the results.

Check back later for our full write up on this Ecolab earnings report later!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .


ECOLAB INC (ECL): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.