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Ecolab Delivers Very Strong Third Quarter Adjusted EPS

Ecolab Inc. (NYSE:ECL):

2013 THIRD QUARTER HIGHLIGHTS :
  • Reported sales +15%; acquisition adjusted fixed currency sales +5% led by Global Specialty, Global Energy and the Latin America region
  • Reported diluted EPS $1.00
  • Record adjusted EPS $1.04, +20%, excluding special gains and charges and discrete tax items, driven by solid sales gains, cost efficiency programs and synergies, and continued improvement in Europe margins
               

Third Quarter Ended September 30
(unaudited)
Reported     Adjusted*
Third Quarter % Third Quarter %
(Millions, except per share)

2013
   

2012

change

2013

2012

change
 
Net Sales $ 3,484.0 $ 3,023.3 15 % $ 3,484.0 $ 3,023.3 15 %
Operating Income 476.0 401.2 19 % 510.1 432.4 18 %
Net Income Attributable to Ecolab   308.0   238.0 29 %   318.1   258.7 23 %
 
Diluted Net Income Per Share $ 1.00 $ 0.80 25 % $ 1.04 $ 0.87 20 %
 

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

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