ecolab inc (ECL) Key Developments
Ecolab Declares Regular Quarterly Cash Dividend, Payable on April 1, 2015
Feb 26 15
The board of directors of Ecolab Inc. declared a regular quarterly cash dividend of $0.33 per common share, to be paid April 1, 2015, to shareholders of record at the close of business on March 10, 2015.
Ecolab Appoints Tracy B. Mckibben to its Board
Feb 26 15
The board of directors of Ecolab Inc. has appointed Tracy B. McKibben to the company's board. Ms. McKibben, is founder and president of MAC Energy Advisors LLC. Prior to founding MAC Energy Advisors in 2010, Ms. McKibben served as managing director and head of Environmental Banking Strategy for Citigroup Global Markets from 2007 to 2009.
Ecolab Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for First Quarter and Full Year of 2015
Feb 24 15
Ecolab Inc. announced consolidated unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of $3,680.8 million against $3,559.5 million a year ago. Operating income was $520.5 million against $470.6 million a year ago. Income before income taxes was $458.5 million against $403.0 million a year ago. Net income attributable to the company was $335.5 million or $1.10 diluted per share against $287.1 million or $0.93 diluted per share a year ago.
For the year, the company reported net sales of $14,280.5 million against $13,253.4 million a year ago. Operating income was $1,955.0 million against $1,560.6 million a year ago. Income before income taxes was $1,698.4 million against $1,298.3 million a year ago. Net income attributable to the company was $1,202.8 million or $3.930 diluted per share against $967.8 million or $3.16 diluted per share a year ago. Adjusted diluted earnings per share (Non-GAAP) were $4.18 against $3.54 for the same period last year.
The company expects 2015 full-year adjusted earnings per share to rise to the $4.50 to $4.70 range, representing an 8% to 12% increase over the prior year. When compared with the 2014 performance, The company expects further solid fixed currency sales growth with improved growth in its Institutional, Industrial and Other segments and slower fixed currency sales gains in its Energy segment.
The company expects first quarter adjusted earnings per share in the $0.78 to $0.83 range, representing a 5% to 12% increase versus a very strong year-ago period, when adjusted earnings per share rose 23% to $0.74. Adjusted Gross Margin, excluding special gains and charges was approx. 46%, Interest expense, net of $60 million to $65 million. Adjusted tax rate is 27% to 28%. Adjusted EPS, excluding special gains and charges is $0.78 - $0.83.
Ecolab Is In Talks To Buy Travelers Tower In St. Paul
Feb 19 15
Ecolab Inc. (NYSE:ECL) is negotiating to buy a 17-story tower in downtown St. Paul from The Travelers Companies, Inc. (NYSE:TRV). Travelers was trying to sell the building since January. Travelers Company plans to consolidate its 2,100 employees into an adjacent building it owns.
Ecolab Inc. Presents at Credit Suisse 17th Annual Global Services Conference, Mar-11-2015 09:10 AM
Feb 16 15
Ecolab Inc. Presents at Credit Suisse 17th Annual Global Services Conference, Mar-11-2015 09:10 AM. Venue: Credit Suisse One Madison Avenue, enter on Park or Madison between 23rd and 24th Streets, New York, NY 10010, United States. Speakers: Thomas W. R. Handley, President and Chief Operating Officer.