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Ecolab

Ecolab 1st-Quarter Net Surges on Easy Comparison, Lower Costs

Ecolab Inc.'s (ECL) first-quarter earnings surged as the company reported lower costs, while the year-earlier period was weighed down by one-time charges."While the global markets remain mixed, with continued sluggish trends in North America and softer trends in Europe offset by favorable markets in Asia Pacific and Latin America, we look for improved sales growth and further double-digit earnings per share gains over the balance of 2013 and for the full year," Chief Executive Douglas M. Baker Jr. said.Ecolab reported a profit of $159.6 million, or 53 cents a share, versus a year-ago profit of $49.7 million, or 17 cents a share. The most recent quarter included $18.5 million in restructuring charges and $23.4 million in impacts tied to Venezuela's currency devaluation. The year-ago quarter included $26.5 million in restructuring charges and $73.9 million tied to the recognition of inventory at fair value. Excluding one-time items, earnings were up at 60 cents from 50 cents. The company...

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  1. Clariant To Buy Ecolab's Deep Water Gulf of Mexico Assets

    Clariant AG (CLN.VX) Monday said it will acquire the deep water Gulf of Mexico assets from Ecolab Inc. (ECL) for an undisclosed sum.MAIN FACTS:- The divestment of th...

  2. Ecolab To Sell Part of Champion Technologies to Clariant

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