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Ecolab, Inc. - ECL STOCK NEWS

Welcome to our dedicated page for Ecolab news (Ticker: ECL), a resource for investors and traders seeking the latest updates and insights on Ecolab stock.

Ecolab, Inc. (NYSE: ECL) is a global leader in water, hygiene, and energy technologies and services, dedicated to protecting people and vital resources. Operating in over 170 countries, Ecolab offers comprehensive solutions that promote safe food, maintain clean environments, optimize water and energy use, and improve operational efficiencies for customers in diverse industries, including industrial manufacturing, hospitality, healthcare, and life sciences.

Core Business and Offerings:

  • Cleaning and Sanitation: Ecolab produces a wide range of cleaning and sanitation products, including dishwashing and laundry systems, pest control, and infection control products. These solutions are designed to ensure health and safety across various sectors.
  • Water Management: Ecolab provides customized water management solutions aimed at optimizing water use and ensuring sustainability in industrial processes.
  • Energy Services: Ecolab offers services that focus on optimizing energy use, thereby reducing costs and environmental impact for clients.

In 2013, Ecolab reported sales of $13 billion, supported by a robust workforce of 45,000 associates. The company’s stronghold in the US market is complemented by its growing presence internationally.

Recent Achievements and Partnerships:

  • Maxx Synbiotic Cleaning Range: In collaboration with HeiQ Chrisal, Ecolab has introduced the Maxx Synbiotic cleaning range in Europe. This revolutionary product harnesses the power of pre- and probiotics to offer microscopic-level cleaning, efficient odor reduction, and long-lasting efficacy.

For the latest updates and more information, visit www.ecolab.com or follow Ecolab on Twitter and Facebook.

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Ecolab (NYSE:ECL) will host a live webcast for its fourth quarter earnings conference call on February 15, 2022 at 1:00 p.m. Eastern Time. A news release with the results will precede this, expected before market open on the same date. Ecolab, a leader in water, hygiene, and infection prevention solutions, reported annual sales of $12 billion and operates in over 170 countries. The webcast will be accessible via the company's investor relations website.

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Ecolab Inc. (NYSE:ECL) has extended its offer to exchange up to $684,751,000 in aggregate principal amount of its 2.750% Notes due 2055 until 11:59 p.m. New York City time on December 9, 2021. The exchange is for unregistered outstanding Original Notes, with 99.20% of the Original Notes, or $679,257,000, already tendered by the original deadline of December 7, 2021. The terms of the Exchange Notes are substantially identical to the Original Notes but are registered and unrestricted. This extension allows additional holders to participate in the exchange.

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The board of directors of Ecolab has announced a 6% increase in its quarterly cash dividend, raising it to $0.51 per share, payable on January 18, 2022. This marks Ecolab's 30th consecutive annual dividend increase, resulting in a new indicated annual dividend of $2.04. The company has maintained cash dividends for 85 years, demonstrating a strong financial position, according to CEO Christophe Beck. The increase aims to restore the dividend payout ratio to historical levels.

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Ecolab has successfully completed its acquisition of Purolite, a top global supplier of high-quality ion exchange resins aimed at the separation and purification of solutions for pharmaceutical and industrial needs. This acquisition, valued at approximately $3.7 billion, is expected to enhance Ecolab's market presence, with Purolite anticipating sales of around $0.4 billion in 2021. Ecolab continues to lead in water and hygiene solutions, generating annual sales of $12 billion and serving customers in over 170 countries.

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Ecolab Inc. (NYSE:ECL) announced price increases across its Industrial segment divisions, effective December 1, 2021, due to rising raw material costs and logistical challenges. Most programs will see an average price hike of 15%. Ecolab emphasizes these adjustments are crucial for maintaining product quality and operational efficiency for customers. The company remains committed to delivering advanced technologies while facing significant inflationary pressures in packaging, labor, and utilities.

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Ecolab has announced the resignation of Chief Financial Officer Dan Schmechel, effective December 31, 2021, after 27 years with the company. Scott Kirkland, currently Senior Vice President and Corporate Controller, will take over as CFO starting January 1, 2022. Schmechel will assist in the transition before retiring mid-2022. CEO Christophe Beck praised Schmechel's contributions, highlighting his role in strengthening Ecolab's financial functions. Kirkland, with over 15 years at Ecolab, is seen as well-prepared to lead the finance team and support the company's growth objectives.

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FAQ

What is the current stock price of Ecolab (ECL)?

The current stock price of Ecolab (ECL) is $238.29 as of December 20, 2024.

What is the market cap of Ecolab (ECL)?

The market cap of Ecolab (ECL) is approximately 66.6B.

What industries does Ecolab serve?

Ecolab serves various industries including industrial manufacturing, hospitality, healthcare, and life sciences.

What products and services does Ecolab offer?

Ecolab offers cleaning and sanitation products, water management solutions, and energy optimization services.

In how many countries does Ecolab operate?

Ecolab operates in over 170 countries worldwide.

What is the Maxx Synbiotic cleaning range?

The Maxx Synbiotic cleaning range is a revolutionary product developed with HeiQ Chrisal, utilizing pre- and probiotics for effective and long-lasting cleaning.

How can I learn more about Ecolab's recent projects and news?

You can learn more about Ecolab's recent projects and news by visiting their official website at www.ecolab.com or following their social media accounts on Twitter and Facebook.

What was Ecolab's reported sales in 2013?

Ecolab reported sales of $13 billion in 2013.

How many associates does Ecolab employ?

Ecolab employs approximately 45,000 associates.

What is Ecolab's approach to sustainability?

Ecolab focuses on optimizing water and energy use, promoting safe food, and maintaining clean environments to ensure sustainability in their operations and offerings.

Where can I find Ecolab's social media profiles?

You can find Ecolab on Twitter at twitter.com/ecolab and on Facebook at facebook.com/ecolab.

What is Ecolab's stock symbol?

Ecolab's stock symbol is ECL, listed on the New York Stock Exchange (NYSE).

Ecolab, Inc.

NYSE:ECL

ECL Rankings

ECL Stock Data

66.62B
282.63M
0.18%
90.81%
0.67%
Specialty Chemicals
Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics
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United States of America
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