Ecolab Q2 Results Top Estimates; Sees Improved H2 Performance

RTTNews | 1189 gün önce
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.

Etiketler: ECL
read more
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 | 622 gün önce
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, reversing the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 9,050 level, with weakness across most sectors led by gold miners and technology stocks. Financial stocks are the only bright spot.
RTTNews | 1s 1 dakika önce
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain cautious and are reluctant to take major positions ahead of the monetary policy announcements from the European Central Bank, the US Fed and the Bank of Japan this week. Optimism about a potential U.S.-China trade deal and an interest rate cut by the Fed are aiding market sentiment.
RTTNews | 1s 31 dakika önce
Sensex, Nifty To See Muted Start

Sensex, Nifty To See Muted Start

Indian shares look set to open on a muted note Tuesday, tracking mostly weak cues from other Asian markets.
RTTNews | 1s 53 dakika önce
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Tuesday, reversing some of the strong gains in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 50,400 level, with a mixed performance across most sectors.
RTTNews | 3s 1 dakika önce
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, reversing to the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 9,050 level, with weakness across most sectors led by gold miners and technology stocks. Financial stocks are the only bright spot.
RTTNews | 3s 32 dakika önce