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MarketScreener Homepage  >  Equities  >  Nyse  >  Ecolab Inc.    ECL

ECOLAB INC.

(ECL)
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Ecolab : Adjusted. Earnings Miss Estimates, Net Sales Beat

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07/28/2020 | 10:04am EDT

By Allison Prang

 

Ecolab Inc. reported a loss for the second quarter, as it took a $2.1 billion charge for upstream energy business ChampionX, which has been separated from the company.

Ecolab said it had a net loss for the quarter of $2.04 billion, or $6.98 a share. Ecolab's profit the comparable quarter a year ago was $368.6 million, or $1.26 a share.

Adjusted earnings were 65 cents a share. According to FactSet, analysts expected 76 cents.

Net sales at the company were $2.69 billion, 15% lower than a year ago. Analysts were expecting $2.63 billion.

Chief Executive Douglas Baker Jr. said the company's "results were significantly impacted by COVID-19" and those effects "were most acutely felt in our Institutional business."

"We believe the second quarter is the low point for both the Institutional business and the company, and we expect sequential quarterly improvement for both leading into 2021," he said.

 

Write to Allison Prang at allison.prang@wsj.com

 


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Financials (USD)
Sales 2020 11 995 M - -
Net income 2020 1 060 M - -
Net Debt 2020 5 439 M - -
P/E ratio 2020 52,9x
Yield 2020 1,01%
Capitalization 53 350 M 53 350 M -
EV / Sales 2020 4,90x
EV / Sales 2021 4,57x
Nbr of Employees 45 000
Free-Float 79,6%
Chart ECOLAB INC.
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Technical analysis trends ECOLAB INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 199,50 $
Last Close Price 186,94 $
Spread / Highest target 23,0%
Spread / Average Target 6,72%
Spread / Lowest Target -9,06%
EPS Revisions
Managers
NameTitle
Douglas M. Baker Chairman & Chief Executive Officer
Christophe Beck President & Chief Operating Officer
Daniel J. Schmechel Chief Financial Officer & Treasurer
Larry L. Berger Chief Technical Officer & Executive VP
Anil Arcalgud Chief Information Officer & Executive VP
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