Ecolab, Inc. - ECL STOCK NEWS

Ecolab Inc. held its annual stockholders' meeting on May 6, 2021, where thirteen director nominees were elected for a one-year term. Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent accounting firm for 2021 and approved the executive compensation on an advisory basis. A stockholder proposal regarding proxy access was rejected. The company, with annual sales of $12 billion and over 44,000 associates, operates in more than 170 countries, providing water, hygiene, and infection prevention solutions.

The board of directors of Ecolab declared a quarterly cash dividend of $0.48 per common share, set for payment on July 15, 2021. Shareholders of record will be noted as of June 15, 2021. Ecolab has maintained a consistent dividend paying record, marking 84 consecutive years of cash dividends. The company, with annual sales of $12 billion and over 44,000 associates, is a leader in water, hygiene, and infection prevention solutions across numerous industries in more than 170 countries.

Ecolab Inc. has launched Water Flow Intelligence, a digital service aimed at improving industrial water management amid rising global water scarcity. With freshwater shortfalls projected to reach 56% by 2030, this service utilizes smart meters and machine learning to provide real-time visibility of water usage. The platform is expected to help companies save water and reduce costs, exemplified by a case study where a major automaker cut water usage by 15%, saving $193,000 annually. Water Flow Intelligence is currently available in North America and Europe, with plans for expansion.

Ecolab will host its 2021 Annual Meeting of Stockholders as a virtual-only event due to the ongoing COVID-19 pandemic. The meeting is scheduled for May 6, 2021, starting at 9:30 a.m. Central Time. Stockholders can join by visiting www.virtualshareholdermeeting.com/ECL2021. Access will open 15 minutes before the meeting begins, and a replay of the webcast will be available until May 13, 2021. Participants must use their unique 16-digit control number to ask questions during the meeting.

Ecolab reported a 4% decline in net sales to $2.89 billion for Q1 2021, affected by the Texas freeze, which contributed an estimated $0.10 per share impact. Operating income decreased 21% year-over-year, leading to a 34% drop in net income from continuing operations. Adjusted diluted EPS was $0.81, down 18% from the previous year. Despite these challenges, strong growth in the Healthcare & Life Sciences segment contrasts with declines in the Institutional & Specialty segment. The company anticipates a recovery and significant growth in the second quarter of 2021.

Ecolab has enhanced its Operating Room (OR) Program with a new digital training solution called Ecolab OR Program Reinforced. Utilizing the cloud-based Lobster Ink platform, it offers over 30 lessons aimed at standardizing cleaning processes in hospitals. This initiative addresses the need for effective training following high staff turnover due to the pandemic. Ecolab's OR Program supports more than 2,000 operating rooms across North America, significantly improving cleaning frequency and efficiency. The goal is to enhance patient safety and reduce costs related to surgical delays.

Ecolab will conduct a live webcast on April 27, 2021, at 1:00 p.m. ET to discuss its first-quarter earnings results for 2021. A prior news release detailing the results will be issued before the market opens on the same day. Ecolab, known for its leadership in water, hygiene, and infection prevention solutions, reported annual sales of $12 billion and operates in over 170 countries. The webcast will be available at www.ecolab.com/investor, with an archive replay following the event.