Ecolab Delivers Strong Third Quarter

Ecolab Inc. (NYSE: ECL):

2012 THIRD QUARTER HIGHLIGHTS :
  • Record sales of $3.0 billion, +74%, including the impact of the Nalco merger.
  • Fixed currency sales +7% compared with third quarter 2011 pro forma fixed currency sales including Nalco operations.
  • Reported diluted EPS $0.80, including integration and restructuring charges related to the Nalco merger.
  • Record adjusted EPS $0.87, +16%, excluding special gains and charges and discrete tax items.
  • Results led by strong gains in Global Energy, Latin America and worldwide Kay, Healthcare and Pest Elimination operations.
 

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

2012
 

2011

change

2012
 

2011

change
 
Net Sales $ 3,023.3 $ 1,736.1 74% $ 3,023.3 $ 1,736.1 74%
Operating Income 401.2 239.6 67% 432.4 267.4 62%
Net Income Attributable to Ecolab $ 238.0 $ 154.3 54% $ 258.7 $ 177.2 46%
 
Diluted Net Income Per Share $ 0.80 $ 0.65 23% $ 0.87 $ 0.75 16%
 
* These non-GAAP measures are adjusted for special gains and charges and discrete tax items.
 

Ecolab delivered strong third quarter sales and earnings results, as adjusted earnings per share increased 16% over last year and reached the top end of Ecolab’s forecasted range. Results were led by strong growth in its Global Energy, Latin America and worldwide Kay, Healthcare and Pest Elimination businesses.

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