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
General Motors (GM) announced on Wednesday that it has been approved to voluntarily delist from the Toronto Stock Exchange. The auto giant reassured its shareholders that the TSX delisting will not impact its current listing on the New York Stock Exchange. Subsequent to the bankruptcy filing of German no frills airline Air Berlin (AIBEF.PK), Lufthansa airline is strongly pursuing to acquire Air Berlin. Meanwhile, Ryanair, its Irish rival, accused conspiracy in the deal and said that the acquisition move will breach the existing competition rules in Germany in general and EU in particular. The Royal Bank of Scotland plans to cut 880 jobs from its IT department in London by 2020, a UK labor union reported. Britain's Unite union claimed on Tuesday that the bank informed its staff about a further 40 percent cut of permanent IT jobs, which is said to be part of ongoing deep cost-cutting at the taxpayer-owned bank. The bank also plans a 65 percent reduction of contractors.
comments powered by Disqus
Follow RTT