logo
Share SHARE
FONT-SIZE Plus   Neg

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

Ecolab Inc. (ECL: Quote) 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
Gas prices are set to climb again after a long time due to rising wholesale prices. According to Lundberg Survey, while the national average price of gas fell 13 cents in the past two weeks to $2.07 a gallon, it could soon rise due to increased costs of crude oil in the past 10 days. Facebook Lite, an Android app aimed at users of low-end mobile devices in developing countries, is available on Google Play. The tiny 252-262KB download is also a better fit for users of older phones or those on a slower 2G network. The quick-loading, low-fi Facebook app is based on Snaptu, an... Apple will unveil its Apple Watch with a battery that may last only 2.5 to 4 hours on very active use, according to a report in 9to5mac. "People with knowledge of the Apple Watch's development have provided us with the specific performance targets Apple wants to achieve for the Apple Watch battery,...
comments powered by Disqus
RELATED NEWS
Trade ECL now with 
Follow RTT