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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.

Rhea-AI Summary

Ecolab announced a live webcast on October 29, 2021, at 8:30 AM ET to discuss its recent acquisition of Purolite, a key strategic move for the company. The event will be webcasted publicly on Ecolab’s investor website. This acquisition is positioned to enhance Ecolab's capabilities in water, hygiene, and infection prevention solutions, potentially expanding their market reach and operational efficiency. Ecolab, a global leader in its field, has annual sales of $12 billion and serves nearly three million customers worldwide.

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Ecolab Inc. has announced the acquisition of Purolite for approximately $3.7 billion in cash, enhancing its position in the life sciences and industrial markets. This strategic acquisition focuses on high-end ion exchange resins critical for drug production and purification, aiming to double Ecolab's existing high-margin business. Expected to close in Q4 2021, the transaction is anticipated to be neutral to adjusted earnings in 2022 and nearly $0.10 accretive in 2023. With Purolite generating around $0.4 billion in sales, the deal offers significant growth potential.

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Ecolab reported a strong third quarter, achieving a 10% increase in sales year-over-year, reaching $3.32 billion. Adjusted diluted earnings per share rose 20% to $1.38, reflecting effective pricing and volume growth despite higher costs. Key segments like Institutional & Specialty saw double-digit growth, while Healthcare experienced a 13% decline in sales. Operating margins improved, with cash flow from operations at $623 million. Ecolab anticipates continued growth in Q4, albeit with an increase in operational costs.

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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.

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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.

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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.

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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.

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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.

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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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