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Ecolab Delivers Very Strong Second Quarter Adjusted EPS

Stocks in this article: ECL

Ecolab Inc. (NYSE: ECL):

2013 SECOND QUARTER HIGHLIGHTS :

  • Reported diluted EPS $0.69
  • Record adjusted EPS $0.86, +19%, excluding special gains and charges and discrete tax items, driven by solid sales growth, strong operating margin improvement and better than expected results from Champion
  • Reported sales +13%; acquisition adjusted fixed currency sales +6%
 

Second Quarter Ended June 30

(unaudited)
Reported       Adjusted*  
Second Quarter % Second Quarter %
(Millions, except per share)

2013

 

2012

change

2013

 

2012

change

 
Net Sales $ 3,337.8 $ 2,958.7 13 % $ 3,337.8 $ 2,958.7 13 %
Operating Income 352.3 326.5 8 % 441.1 371.2 19 %
Net Income Attributable to Ecolab   213.1   184.5 16 %   265.5   214.5 24 %
 
Diluted Net Income Per Share $ 0.69 $ 0.62 11 % $ 0.86 $ 0.72 19 %

* Operating income, net income and diluted net income per share are adjusted for special gains and charges and discrete tax items.

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