Ecolab, Inc. - ECL STOCK NEWS

Ecolab will hold a webcast on Oct. 26, 2021, at 1:00 p.m. ET to discuss its third quarter earnings for 2021. A news release with the financial results is anticipated before market open on the same day. The duration of the call will be one hour, and it can be accessed at www.ecolab.com/investor. Ecolab, symbol ECL, operates in over 170 countries, delivering solutions in water, hygiene, and infection prevention with annual sales of $12 billion.

Ecolab reports a short-term impact on EPS due to Hurricane Ida, with increased product costs, temporary closures, and disruptions at a major production facility. The company expects these issues to have a limited effect on its strong revenue growth and views the impact as a one-time event. Ecolab anticipates continued year-on-year sales and earnings improvement through 2021 and into 2022, driven by institutional recovery and improvements in its industrial segment. However, it estimates a $0.15 negative impact from this hurricane, primarily affecting Q3.

APi Group Corporation (NYSE: APG) has announced a transition in its financial leadership, with Tom Lydon stepping down as CFO and Kevin S. Krumm joining as the new Chief Financial Officer effective September 20, 2021. Krumm, who comes from Ecolab (NYSE: ECL), is anticipated to enhance APi's finance operations and support the integration of the Chubb fire and security business. The company maintains its guidance for 2021 with projected revenues between $3.65 billion and $3.75 billion.

Ecolab Inc. (NYSE:ECL) announced results for its Exchange Offers that expired on September 3, 2021. The company offered to exchange its outstanding notes for a total of $500 million of new 2.750% Notes due 2055. As of the expiration date, approximately $387.4 million of the old notes were validly tendered, including $385.3 million accepted on the early participation date. Settlement for the exchanged notes is expected on September 8, 2021. Participation was limited to eligible holders as defined in the offering memorandum dated August 9, 2021.

Ecolab will host a live webcast for professional investors on September 14, 2021, from its Research, Development & Engineering Center in Eagan, Minnesota. The event starts at 9:00 AM ET and continues until 3:30 PM ET, featuring a morning session and an afternoon session. A replay will be available until September 30, 2021, accessible via Ecolab's investor website. Ecolab, leading in water and hygiene solutions, reported annual sales of $12 billion and operates in over 170 countries with more than 44,000 employees.

Ecolab has announced the pricing terms for its private Exchange Offers, allowing eligible holders to exchange up to $500 million in outstanding notes for newly issued 2.750% Notes due 2055. The company issued $300 million of the Original 2055 Notes on August 18, 2021. The Exchange Offers will end on September 3, 2021, unless extended. Holders will receive a Total Exchange Consideration for each $1,000 of old notes tendered, with adjustments for accrued interest and cash payments. Conditions apply, and only eligible holders can participate.

Ecolab Inc. (NYSE:ECL) announced the results of its Exchange Offers for eligible holders of its outstanding notes, with a cap of $500 million for newly issued 2.750% Notes due 2055. As of the Early Participation Date, $385.3 million worth of Old Notes were tendered. The deadline for participation has been extended to September 3, 2021. Ecolab expects to settle tendered notes by August 24, 2021, and will announce pricing details subsequently. The exchange may alter the fungibility of New Notes for participants after the Early Participation Date.