Ecolab Q2 Results Top Estimates; Sees Improved H2 Performance

RTTNews | 1188 days ago
Stocktwits
Ecolab Q2 Results Top Estimates; Sees Improved H2 Performance

(RTTNews) - Ecolab Inc. (ECL) reported Tuesday that net income attributable to Ecolab for the second quarter of $308.3 million or $1.08 per share, compared to $310.8 million or $1.08 per share in the prior-year quarter.

Excluding items, adjusted earnings were $1.10 per share, compared to $1.22 per share in the year-ago quarter.

Net sales for the quarter grew 13 percent to $3.58 billion from $3.16 billion in the same quarter last year. Fixed currency sales were up 17 percent.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.09 per share on sales of $3.51 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead, the company said it expects overall performance to improve sequentially in the second half, though full year earnings will be impacted by increasing currency translation headwinds.

For the third quarter, the company expects continued strong sales growth and a sequentially narrowing decline in year-over-year adjusted diluted earnings per share comparisons.

For the fourth quarter, the company sees accelerating earnings growth, resulting in modest gains in full year 2022 adjusted earnings per share.

Tags: ECL
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Ecolab Guides Q1 Adj. EPS Above Estimates - Update

Ecolab Guides Q1 Adj. EPS Above Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, Ecolab Inc. (ECL) said it expects adjusted earnings for the first quarter in a range of $1.27 to $1.37 per share and adjusted earnings for the full-year 2024 in a range of $6.10 to $6.50 per share.
RTTNews | 621 days ago
Yen Falls Amid Fiscal Worries

Yen Falls Amid Fiscal Worries

The Japanese yen weakened against other major currencies in the Asian session on Monday, as fiscal concerns replaced the Bank of Japan's (BoJ) rate hike expectations.
RTTNews | 1h 32min ago
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The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Monday amid increased risk-on mood, as traders remain optimistic the US Fed will cut interest rate by another 50 bps by year-end on easing trade tensions between the U.S. and China and cooler-than-expected US consumer price inflation data. They now look ahead to the Fed's monetary policy announcement later in the week.
RTTNews | 1h 41min ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Monday.
RTTNews | 1h 54min ago
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