MINNEAPOLIS - Ecolab Inc. said Thursday profit rose 15 percent in the first quarter on higher sales in Latin America and Asia.
Net income grew to $102.9 million, or 41 cents per share, from $89.5 million, or 35 cents per share, in the prior-year period.
United States Other Services, which includes the company’s Pest Elimination segment, announced sales increased 8% to $110 million in the first quarter benefiting from continued solid gains by Pest Elimination and a good sales increase by GCS. Operating income decreased $2 million from the year-ago period to $7 million, primarily reflecting systems deployment and stabilization costs in GCS.
Source: www.Ecolab.com
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