Ecolab Expects Forex Impact on Earnings to Worsen -- Currency Comment

By Paulo Trevisani

Ecolab Inc. said Tuesday that it expects currency translations to keep reducing earnings this year.

The Saint Paul, Minn., food-safety company said it estimates that foreign exchange will have a 10-cent negative impact on earnings per share in the third quarter and a 30-cent hit in the full-year results.

Ecolab reported second-quarter adjusted diluted EPS of $1.10, 10% lower than a year earlier, including an unfavorable forex impact of 6 cents.

"While the economic environment remains complex and unpredictable, we assume growth will continue, inflation will remain higher for longer and currency translation impacts become more challenging," the company said.

Write to Paulo Trevisani at [e-mail]

(END) Dow Jones Newswires

07-26-22 0951ET