ECOLAB INC. (ECL): restructuring charge — Ecolab Q4 adjusted EPS $1.27, -1% YoY; expands cost savings program to $175M

ECOLAB INC.

2022-FY EPS reported $3.81 revenue$14,187,800,000

Reported sales $3.67B (+9% YoY); adjusted fixed currency sales +12%.
Reported EPS $0.93 vs $1.04; adjusted EPS $1.27 vs $1.28, -1%.
Expanded cost savings program to $175M annual pre-tax savings; expects $195M pre-tax charges by end 2024.
Q1 2023 adjusted EPS guidance $0.82-0.90 vs $0.82 last year; full-year expects double-digit adj. op income growth.
Free cash flow conversion 97% for FY 2022; repurchased ~0.5M shares completing $500M program.

item 2.02 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

ECOLAB INC. reported financial results for the fourth quarter ended December 31, 2022.

Period: the fourth quarter ended December 31, 2022
Result: reported results

Exact text from the filing

On February 14, 2023, Ecolab Inc. (“Ecolab”) announced earnings for the fourth quarter ended December 31, 2022.

View on SEC.gov

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.95

ECOLAB INC. announced a restructuring with charges of $195 million ($150 million after tax) affecting Institutional and Healthcare businesses in other regions.

Type: restructuring
Charge: $195 million ($150 million after tax)
Affected area: Institutional and Healthcare businesses in other regions

Exact text from the filing

On February 14, 2023, Ecolab announced that it has expanded its previously announced Europe cost savings program to also focus on the Company’s Institutional and Healthcare businesses in other regions. In connection with the expanded program, Ecolab now expects to incur pre-tax charges of $195 million ($150 million after tax).

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

ECOLAB INC. filing history →

Source: SEC EDGAR

accession 0001558370-23-001231

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.