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Ecolab Inc. (ECL - Free Report) , founded in 1923 and headquartered in St. Paul, MN, is a leading provider of cleaning, sanitizing, food safety and infection prevention products and services. The company serves the foodservice, food and beverage processing, healthcare, and hospitality markets both in the U.S. as well as internationally. Ecolab’s 10 operating units have been aggregated into 4 reportable segments, namely Global Industrial, Global Institutional, Global Energy and Other.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Ecolab posted fourth quarterly adjusted earnings of $1.25 per share which missed the Zacks Consensus Estimate of $1.27. However this came higher than the year-ago quarterly earnings of $1.22.
Sales: Adjusted quarterly net sales were $3.35 billion, down 2% from the year-ago quarter. Also, net sales lagged the Zacks Consensus Estimate of $3.43 billion.
Key Stats: Robust performance from Global Institutional, Global Industrial and Other segments partially offset a weak result in Global Energy segment.
Check back later for our full write up on this Ecolab earnings report later!
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Ecolab (ECL) Misses On Earnings In Q4
Ecolab Inc. (ECL - Free Report) , founded in 1923 and headquartered in St. Paul, MN, is a leading provider of cleaning, sanitizing, food safety and infection prevention products and services. The company serves the foodservice, food and beverage processing, healthcare, and hospitality markets both in the U.S. as well as internationally. Ecolab’s 10 operating units have been aggregated into 4 reportable segments, namely Global Industrial, Global Institutional, Global Energy and Other.
Currently, Ecolab has a Zacks Rank #4 (Sell) but that could change following its fourth-quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Ecolab posted fourth quarterly adjusted earnings of $1.25 per share which missed the Zacks Consensus Estimate of $1.27. However this came higher than the year-ago quarterly earnings of $1.22.
Ecolab Inc. Price and EPS Surprise
Ecolab Inc. Price and EPS Surprise | Ecolab Inc. Quote
Sales: Adjusted quarterly net sales were $3.35 billion, down 2% from the year-ago quarter. Also, net sales lagged the Zacks Consensus Estimate of $3.43 billion.
Key Stats: Robust performance from Global Institutional, Global Industrial and Other segments partially offset a weak result in Global Energy segment.
Check back later for our full write up on this Ecolab earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>