Read How Ecolab Performed In Q2

Read How Ecolab Performed In Q2
  • Ecolab Inc ECL reported second-quarter FY22 sales growth of 13% year-on-year to $3.58 billion, beating the consensus of $3.51 billion.
  • Sales from Global Industrial rose 13%, Global Institutional & Specialty climbed 18%, Global Healthcare & Life Sciences grew 37% Y/Y in fixed currency.
  • Adjusted EPS of $1.10 beat the analyst consensus of $1.09.
  • Selling, general and administrative expenses rose 10% Y/Y. The operating margin was 11.9%, and operating income for the quarter fell 5% to $425.8 million.
  • The company held $124.9 million in cash and equivalents as of June 30, 2022.
  • Ecolab expects inflation to remain higher for longer and currency translation impacts to become more challenging.
  • ECL expects 2H overall performance to improve sequentially, though increasing currency translation headwinds will impact full-year earnings.
  • The company expects Q4 to show accelerating earnings growth, resulting in modest gains in full-year 2022 adjusted EPS.
  • Price Action: ECL shares are trading lower by 3.06% at $157.92 on the last check Tuesday.

Posted In: BriefsEarningsNews