Secret Site Map
Saturday, November 01, 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

UPFDA Recognizes Contributions of Tommy Reeves at Board Meeting

Reeves recently completed a two-year term as UPFDA president where he was instrumental in establishing the future direction of the association.

Cope Named Director of Technical and Regulatory Services at Terminix

Dr. Stan Cope (retired Navy), who has been with Terminix since 2012, has been promoted.

Backed By Bayer Web Portal Relaunched

New Backed By Bayer is a a comprehensive customer-centric platform with new and expanded resources for pest management professionals.

P+L Systems Announces Acquisition

Group De Ceuster of Sint-Katelijne-Waver, Belgium announced the sale of its Environmental Care division to P+L Systems (Holding) UK of Knaresborough, UK, for an undisclosed sum.

Phil 'Doc' Nichols Joins Safer Home Services

Industry veteran Nichols has joined the Clearwater, Fla.-based company as its technical advisor.

x