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
Apple Inc. (AAPL) has scheduled its annual hardware event on Wednesday, September 7, when the tech giant is expected to unveil the most-awaited smartphone of the year-- iPhone 7. Apple has sent out invitation to the media and published the event on its website with a simple title "See you on the 7th." Although,... Starbucks Corp. (SBUX) has opened its first outlet on the island of Trinidad, as the coffee giant continues its Caribbean expansion. The new store is now open in San Fernando, Trinidad's SouthPark Entertainment Complex. Starbucks opened its first store in the Caribbean region in San Juan, Puerto... Conroe, Texas-based Country Fresh LLC., is recalling 30,000 cases of various fresh-cut vegetable products, due to a potential contamination of Listeria. The contamination was discovered during a routine sample taken at a retail store by the Georgia Department of Agriculture, which revealed the finished...
comments powered by Disqus
Follow RTT