Form 8-K · Current Report · Filed 2024-02-13
Ecolab Inc. Reports Strong Q4 2023 Earnings and Provides 2024 Outlook
Ecolab Inc. reported a robust Q4 2023 performance with sales of $3.9 billion, up 7% year-over-year, and organic sales growth of 6%. The company's reported operating income surged 48% to $590 million and adjusted operating income rose 24% to $624.5 million. Diluted EPS for Q4 was $1.41, a 52% increase, and adjusted diluted EPS was $1.55, a 22% increase. Ecolab also provided a positive outlook for 2024, expecting adjusted diluted EPS in the range of $6.10 to $6.50, reflecting anticipated benefits from lower product costs and continued growth in its segments.
- Filer
- Ecolab Inc. ECL · NYSE
- Filed
- Accession
- 0001558370-24-001019
- CIK
- 0000031462
- Signal
- Medium impactBasic Materials
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
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Exhibits (2)
About Ecolab Inc.
Ecolab Inc. is a global leader in water, hygiene, and energy technologies and services. The company provides comprehensive solutions and on-site services to promote safe food, maintain clean environments, optimize water and energy use, and improve operational efficiencies for customers worldwide. Operating across various sectors such as food service, hospitality, healthcare, and industrial markets, Ecolab addresses critical challenges related to public health, resource management, and sustainability. Founded in 1923 and headquartered in St. Paul, Minnesota, Ecolab has grown to serve over three million customer locations in more than 170 countries. By focusing on innovative technologies and personalized services, Ecolab plays a crucial role in enhancing the operational performance and environmental compliance of its clients, ultimately driving industry standards in safety and sustainability.
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