By Dean Seal

Ecolab provided fourth-quarter earnings guidance that was in line with analyst forecasts.

The water, hygiene and infection-prevention services company said it expects adjusted earnings, which strip out one-time items, of $1.48 to $1.58 a share for the fourth quarter.

Analysts surveyed by FactSet had been projecting $1.49 a share.

Ecolab said it expects to deliver more price growth, volume growth and gross margin expansion to hit that target. Special one-time charges during the fourth quarter, largely related to restructuring, are expected to be about 9 cents a share.

The outlook comes after third-quarter adjusted earnings came in 2 cents above the consensus estimate of analysts polled by FactSet.

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(END) Dow Jones Newswires

10-31-23 0839ET