Secret Site Map
Saturday, August 23, 2014

Home News Ecolab Reports 2Q Earnings

Ecolab Reports 2Q Earnings

Business

The Minneapolis-based company reported net sales rose 5% to $1.5 billion in the second quarter of 2010.

| July 28, 2010

MINNEAPOLIS, Minn. -  Ecolab reported net sales rose 5% to $1.5 billion in the second quarter of 2010; measured in fixed currencies, sales rose 3%. Net income attributable to shareholders increased 30% to $129 million, with reported diluted earnings per share up 32% to $0.54.

Second quarter 2010 and 2009 results included special gains and charges and discrete tax items. Excluding those items, adjusted second quarter 2010 diluted earnings per share were $0.56, a 12% increase from adjusted second quarter 2009 diluted earnings per share of $0.50. Currency translation had a favorable effect on reported and adjusted diluted earnings per share of $0.01 per share in the second quarter of 2010.

Second quarter 2010 sales for Ecolab's U.S. Cleaning & Sanitizing operations rose 3% to $689 million. Ecolab's U.S. Cleaning & Sanitizing operating income increased 10% to $139 million.

U.S. Other Services sales were flat when compared with last year at $115 million. Operating income grew 2% to $19 million.

Source: Ecolab

Top news

European Bee Health Levels Improve, Bayer Reports

New field data from nearly 400,000 bee colonies from 21 countries in Europe and the Mediterranean show that overwintering losses of honey bee colonies – a leading indicator of general bee health – are at their lowest level in years.

California Movie Theater Closes Due to Bed Bug Concerns

A bed bug infestation has shut down Lodi Stadium 12 Cinemas Sunday afternoon until Tuesday after concerns from customers were raised on the theater's Facebook page.

EcoRaider RTU Extends Distribution

Reneotech, Inc., North Bergen, N.J. announced the release of EcoRaider RTU Professional insect killer, designed for the professional market.

Terminix-Triad Dog Teams Inspect Triad Furniture Bank

The company partnered with The Barnabas Network to make sure people forced out of Heritage House have clean, safe furniture as they settle into their new new homes, triadnc.twcnews.com reports.

CropLife America Recognized National Honey Bee Day

CLA stressed the importance of supporting bee health and noted that recent overwintering loss surveys indicate improvements in managed honey bee colony population levels.