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 Inc. (ECL) has once again earned a place on the annual Dow Jones Sustainability Indices (DJSI) for its continued competitive sustainability performance. Out of more than 13,800 companies invited to participate, Ecolab is one of roughly 300 companies across all sectors and one of 26 companies in the chemical sector named to the World Index. This is the fourth consecutive year that Ecolab has been recognized on the World Index and the ninth consecutive year on the North America Index. The company's 2030 Impact Goals and continued progress demonstrate its commitment to building a positive future.
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Ecolab Inc. (ECL) announces an 8% increase in its quarterly cash dividend to $0.57 per common share, marking the 32nd consecutive annual dividend rate increase. The new indicated annual cash dividend for 2024 is $2.28 per share. Ecolab has a history of paying cash dividends for 87 consecutive years. The company's Chairman and CEO, Christophe Beck, attributes the dividend increase to strong business momentum, excellent cash flow, and a commitment to historical dividend payout ratio levels.
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ACCO Brands Corporation (NYSE: ACCO) announced the election of Beth Simermeyer to the Board of Directors, effective December 5, 2023. Ms. Simermeyer brings substantial business leadership experience in marketing, transformation, innovation, growth acceleration, acquisitions, and top and bottom-line delivery in the consumer goods, industrial, and healthcare sectors. She has a proven track record of success and has held several senior brand and general management roles throughout her career.
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Ecolab Inc.'s chairman and CEO, Christophe Beck, will address financial analysts at the Baird Global Industrial Conference on November 7. The webcast of Mr. Beck's presentation will be available on Ecolab's Investor website. The webcast will last approximately 30 minutes and a replay will be available until December 1, 2023.
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Ecolab reported sales of $4.0 billion in the third quarter, representing an 8% increase compared to last year. Organic sales also grew by 7%, driven by double-digit growth in the Institutional & Specialty segment and Pest Elimination division. Reported operating income increased by 17%, while organic operating income saw a 20% growth. Adjusted diluted EPS for the quarter was $1.54, an 18% increase from the previous year. Ecolab expects adjusted diluted earnings per share in the range of $1.48 to $1.58 for the fourth quarter of 2023, representing a 17% to 24% increase compared to the previous year. The company also anticipates mid-teens or better growth in adjusted diluted earnings per share for 2024.
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Ecolab to host webcast of Q3 earnings conference call on October 31, 2023
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Access to clean and safe water is a leading concern for consumers globally, including 81% of US respondents, according to the Ecolab Watermark Study. By 2030, the planet is set to face a 56% water deficit. Consumers believe that governments and businesses are most responsible for water conservation but do not believe they care enough. Industry is perceived to have no clear plan to address water scarcity. Consumers are adopting environmentally friendly buying behaviors and are willing to pay more for sustainable goods. Despite the challenges, consumers remain optimistic that water scarcity can be effectively addressed.
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Ecolab Inc. has declared a regular quarterly cash dividend of $0.53 per common share. The dividend will be paid on October 16, 2023, to shareholders of record as of September 19, 2023. Ecolab has a long history of paying cash dividends for 86 consecutive years.
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Ecolab Inc. (ECL) to host 2023 Investor Day on September 14, featuring presentations by senior management and interactive sessions on latest innovations. Limited in-person attendance, live webcast available at www.ecolab.com/investor.
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Ecolab Inc. reports strong Q2 results with reported sales of $3.9 billion, +8% YoY. Organic sales increased by 9%, led by growth in the Institutional & Specialty, Industrial, and Other segment sales. Adjusted diluted EPS was $1.24, +13% YoY. The company expects Q3 adjusted diluted EPS in the range of $1.45 to $1.55, +12 to 19% YoY.
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FAQ
What is the current stock price of Ecolab (ECL)?
The current stock price of Ecolab (ECL) is $245.24 as of November 15, 2024.
What is the market cap of Ecolab (ECL)?
The market cap of Ecolab (ECL) is approximately 69.6B.
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
69.61B
283.16M
0.18%
91.13%
0.66%
Specialty Chemicals
Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics
United States of America
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