Ecolab Delivers Strong Fourth Quarter

Ecolab Inc. (NYSE: ECL):

2012 FOURTH QUARTER HIGHLIGHTS :
  • Record sales of $3.0 billion, +65%, including the impact of Nalco.
  • Fixed currency sales +7% compared with fourth quarter 2011 pro forma adjusted fixed currency sales including Nalco operations.
  • Reported diluted EPS $0.77.
  • Record adjusted EPS $0.89, +27%, excluding special gains and charges and discrete tax items. Results led by strong gains in Global Energy, Latin America and worldwide Kay operations.
               

Fourth Quarter Ended December 31
(unaudited)
Reported     Adjusted*
Fourth Quarter % Fourth Quarter %
(Millions, except per share)

2012
   

2011

change

2012

2011

change
 
Net Sales $ 3,045.8 $ 1,845.3 65 % $ 3,045.8 $ 1,681.5 81 %
Operating Income 395.8 164.2 141 % 442.1 246.6 79 %
Net Income Attributable to Ecolab   231.4   88.7 161 %   265.9   163.4 63 %
 
Diluted Net Income Per Share $ 0.77 $ 0.34 126 % $ 0.89 $ 0.70 27 %
 

* These non-GAAP measures are adjusted for special gains and charges and discrete tax items; 2011 excludes the Nalco merger impact.

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