ECOLAB INC. (ECL): restructuring charge — Ecolab Q2 adj EPS $1.68 (+35% YoY), raises FY2024 outlook to $6.50-$6.70, launches $225M restructuring

ECOLAB INC.

2024-Q2 EPS reported $3.14 revenue$7,737,700,000

Reported sales $3.99B (+3% reported, +4% organic); reported diluted EPS $1.71 (+49%), adjusted $1.68 (+35%).
Organic operating income margin expanded 360 bps to 17.0%; Institutional & Specialty organic sales +7% driven by value pricing.
Full-year 2024 adjusted diluted EPS guidance raised to $6.50-$6.70 (from $6.40-$6.70), representing 25%-29% YoY growth.
Launched One Ecolab initiative with pre-tax restructuring costs ~$175M and special charges ~$50M by end of 2027; expects ~$140M annualized savings.
Q2 cash flow from operations $611M; free cash flow $414M; repurchased ~1.4M shares during quarter.

item 2.02 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

ECOLAB INC. announced a restructuring with charges of $175 million ($136 million after tax) (severance costs relating to team reorganization).

Type: restructuring
Charge: $175 million ($136 million after tax)
Headcount: severance costs relating to team reorganization

Exact text from the filing

The Company anticipates restructuring costs of $175 million ($136 million after tax) and special charges of $50 million ($39 million after tax) by the end of 2027.

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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

ECOLAB INC. filing history →

Source: SEC EDGAR

accession 0001558370-24-010319

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