Ecolab Posts 3Q EPS of $1.95
ECL sits 19% above its 52-week low of $243.15.
Summary
Ecolab reported third-quarter adjusted EPS of $2.18, against an IBES estimate of USD 2.17, along with net income of $551.3M on sales of $4.69B, and guided full-year adjusted EPS to $8.10 to $8.20. Context matters here: Q2 adjusted EPS came in at $2.09, up 11% year over year, with the $4.75B CoolIT Systems deal closed July 2 and funded with $5.0B of new debt. That makes this the first full quarter carrying the acquisition's interest burden, so margin and EPS quality are the focus.
At the time of this announcement, ECL was trading at $288.94 on NYSE in the Manufacturing sector, with a market capitalization of approximately $81B. The 52-week trading range was $243.15 to $309.27. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.