Secret Site Map
Tuesday, March 03, 2015

Home News Ecolab Announces Fourth Quarter 2009 Results

Ecolab Announces Fourth Quarter 2009 Results

Earnings surged 45% on prior-year charges led by new account gains, pricing, cost-savings actions and favorable raw material comparisons.

| February 17, 2010

Ecolab's fourth-quarter earnings surged 45% on prior-year charges, the company announced on Feb. 11 

The results were led by new account gains, pricing, cost-savings actions and favorable raw material comparisons, according to Ecolab.

Ecolab's reported net sales increased 5% to $1.6 billion in the fourth quarter of 2009; measured in fixed currencies, sales rose 2%. Excluding the impact of a change in distributor incentive programs and acquisitions and divestitures, fixed currency sales increased 1%. Net income increased 45% to $116 million. Reported diluted earnings per share increased 45% to $0.48.

Fourth quarter 2009 and 2008 results included special gains and charges and discrete tax items. Excluding those items, adjusted fourth quarter 2009 diluted earnings per share were $0.55, a 22% increase over adjusted fourth quarter 2008 diluted earnings per share of $0.45. The fourth quarter 2009 also included the effects of a change in distributor incentive programs made earlier in the year; this reversed a reduction in sales and earnings in the first quarter 2009 and increased fourth quarter earnings by approximately $0.03 per share.

Click here to read the entire release.\

Source: Ecolab.com



Top news

Rollins Acquires Critter Control

Critter Control is 100% franchised with 114 franchises operating in 40 states and two Canadian provinces. It is the largest wildlife control company in the United States.

Rentokil Acquires Buffalo Exterminating

Rentokil North America has acquired Orchard Park, N.Y.-based Buffalo Exterminating, a leading pest control company in Western New York. The deal closed on Jan. 6, and terms were not disclosed.

Protect-A-Bed Releases New Bed Bug Testing Kit

The new LightsOut Lab-In-A-Bag Efficacy Kit is now available to assist the pest management industry.

Ecolab Releases 2014 Q4 Results

The company said its fourth-quarter earnings rose 17%. Ecolab CEO Doug Baker said the company’s U.S. pest business “has been steadily improving” due to a number of investments in that business starting two years ago.

More 2014 Angie’s List Award Winners Announced

Angie’s List recently announced the following companies as 2014 Super Service Award winners: Arizona Pest Control, Tucson, Ariz.; Braman Termite and Pest Elimination, Agawam, Mass.; Inspect-All, Conyers, Ga.; and Gannon Pest Control, Solvay, N.Y.

x