logo
Share SHARE
FONT-SIZE Plus   Neg

Ecolab Q1 Profit Down; Backs FY12 Adj. EPS View - Quick Facts

Ecolab Inc. (ECL) reported that its first-quarter net income attributable to the company declined to $49.7 million or $0.17 per share, from $93.6 million or $0.40 per share in the same quarter last year, reflecting the previously announced charges including the Nalco inventory step-up, the early retirement of debt and other integration and restructuring charges.

Adjusted net income attributable to the company rose to $150.3 million or $0.50 per share, from $107.0 million or $0.45 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter rose to $2.81 billion from $1.52 billion in the prior year quarter. Twelve analysts had consensus revenue estimate of $2.72 billion for the quarter.

Ecolab expects second quarter adjusted earnings per share in the $0.69 to $0.72 range. Analysts polled expect the company to report earnings of $0.73 per share for the second-quarter.

Ecolab continues to expect 2012 full-year adjusted earnings per share in a $2.95 to $3.05 range, representing a 16% to 20% increase over the prior year. Analysts polled expect the company to report earnings of $3.03 per share for fiscal 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Photo and video sharing app Instagram has touched a new milestone with an impressive 700 million users. The Museum of Failures is set to open in Helsingborg, Sweden in June. The museum will feature a collection of innovation failures that will provide visitors a fascinating learning experience. The museum's collection consists of over sixty epic failed products and services from around the world. Netflix Inc. has finally gained an entry into China's lucrative entertainment market, one of the few markets in the world the online-video streaming service does not have a presence in. Netflix said it has signed a licensing deal with video streaming platform iQiyi, owned by China's biggest search engine Baidu.com.
comments powered by Disqus
Follow RTT