earnings
confidence high
sentiment positive
materiality 0.75
Ecolab Q2 adjusted EPS $1.24, +13% YoY; revenue $3.9B, +8%
ECOLAB INC.
2023-Q2 EPS reported
$1.97
revenue$7,423,700,000
- Reported diluted EPS $1.15, adjusted $1.24 (+13%); organic sales +9%, organic operating income +21%.
- Institutional & Specialty organic sales +13%, operating income +40% on strong pricing and share gains.
- Healthcare & Life Sciences organic sales +1%, operating income -41% due to soft life sciences demand.
- Q3 2023 adjusted EPS guidance $1.45-$1.55, +12-19% YoY; mid-teens growth expected for 2H 2023.
- Free cash flow $401M, up $248M versus prior year.