Ecolab (ECL) has been named to Forbes magazine’s 2013 list of "The World's Most Innovative Companies," ranking 33rd out of 100 companies on the list that will appear in the Sept. 2 issue of Forbes. The magazine has named Ecolab to every “World’s Most Innovative Companies” list since the annual ranking began in 2011.
“Innovation is the cornerstone of our success, and vital to achieving our purpose of making the world cleaner, safer and healthier,” said Douglas M. Baker, Jr., Ecolab chairman and CEO. “We’re committed to finding new and better solutions for the challenges our customers face around the world.”
Ecolab's more than 1,600 scientists work within a global network of 16 R&D facilities and focus on water chemistry, antimicrobial science, oil and gas process technology, and automation and dispensing solutions for the company’s global customer base. In 2012, Ecolab invested $183 million in research and development.
"Our innovation process involves a holistic view of the environmental, economic and social impact of a product across its life cycle,” said Dr. Larry Berger, Ecolab chief technical officer and executive vice president, Research, Development & Engineering. “This approach is foundational to our ability to help customers realize dramatic performance improvements and sustainability goals.”According to Forbes, the “innovation premium” used to rank companies is calculated by projecting a company’s cash flows from existing businesses, anticipated growth from those businesses and the net present value (NPV) of cash flows. The NPV of cash flows from existing businesses is compared with a current capitalization. Companies with a current market capitalization above the NPV of cash flows have an innovation premium built into their stock. To be considered for the list, companies need seven years of public financial data and $10 billion in market capitalization. The 2013 "World's Most Innovative Companies" list can be found in the Sept. 2 issue of Forbes and online at http://www.forbes.com/innovative-companies/. About EcolabA trusted partner at more than one million customer locations, Ecolab (ECL) is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. With 2012 sales of $12 billion and 44,000 associates, Ecolab delivers comprehensive solutions and on-site service to promote safe food, maintain clean environments, optimize water and energy use and improve operational efficiencies for customers in the food, healthcare, energy, hospitality and industrial markets in more than 170 countries around the world. For more Ecolab news and information, visit www.ecolab.com. Follow us on Twitter @ecolab or Facebook at facebook.com/ecolab. (ECL-C)
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV