Ecolab Inc. has announced a robust first-quarter 2022 performance with $3.27 billion in revenue, a 13% increase year-over-year, and exceeded the Zacks Consensus Estimate by 1.8%. Despite adjusted earnings per share reaching 82 cents, the company saw a decline in GAAP EPS by 10.4% to 60 cents and a net income drop of 11%, largely due to rising raw material and cost inflation. Looking ahead, Ecolab forecasts potential energy surcharges and continues to maintain a solid cash position of $99.4 million.
“Ecolab · will host · a live webcast of its Annual Meeting of Stockholders · 2022”
“Ecolab · has annual sales of · $13 billion”
“Ecolab · employs · more than 47,000 associates”
“Ecolab · serves customers in · more than 170 countries”
“Christophe Beck · is · CEO · Ecolab”
“Scott Kirkland · is · CFO · Ecolab”
“Ecolab · provides · earnings release · available on Ecolab's website”
“Ecolab Inc. · reported · first-quarter 2022 adjusted earnings per share (EPS) · 82 cents”
“Ecolab Inc. · GAAP EPS for the quarter was · 60 cents · down 10.4% from the year-earlier figure”
“Ecolab Inc. · Revenue grossed · $3.27 billion · up 13.2% year over year”
“Ecolab Inc. · surpassed the Zacks Consensus Estimate by · 1.8%”
“Ecolab Inc. · exited first-quarter 2022 with cash and cash equivalents of · $99.4 million”
