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.
Ecolab Inc. announced the election of twelve director nominees for a one-year term at its annual stockholders' meeting. The shareholders also ratified the appointment of PricewaterhouseCoopers LLP as the independent accounting firm for 2022 and approved the executive compensation plan. A proposal regarding special meeting ownership was not approved. Ecolab, a leader in water, hygiene, and infection prevention solutions, reported annual sales of $13 billion and operates in over 170 countries.
The board of directors of Ecolab declared a quarterly cash dividend of
Ecolab will conduct a virtual-only Annual Meeting of Stockholders on May 5, 2022, starting at 9:30 a.m. Central Time. Attendees can access the meeting via www.virtualshareholdermeeting.com/ECL2022. The meeting is expected to last approximately 30 minutes.
Stockholders must enter a 16-digit control number to participate, although guests can listen in without it. A replay of the webcast will be available until May 12, 2022.
Ecolab (ECL) announced a strong first quarter with reported sales increasing 13% year-over-year to $3.27 billion. Adjusted diluted EPS reached $0.82, up 1% from last year, despite a 10% decline in reported EPS to $0.60 due to rising costs from the war in Eastern Europe. Strong growth in the Institutional & Specialty segment drove sales, but healthcare sales contracted, reflecting prior year COVID-related demand. The company expects continued pricing momentum, with a projected 6% to 7% increase for the remainder of 2022, despite anticipated cost inflation and the rollout of an energy surcharge.
Ecolab has signed a virtual power purchase agreement to support the construction of the Mörknässkogen wind farm in Finland. This project, developed by Low Carbon, will generate approximately 100GWh of renewable energy annually, powering over 29,000 homes and reducing greenhouse gases by an estimated 20,900 tonnes. The initiative is part of Ecolab's commitment to sustainability, which aims to source nearly 80% of its electricity from renewable sources by 2030. The wind farm is expected to become operational by the end of 2023.
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