ECL Ecolab Inc. featured news, full reports, and detailed charts
Ecolab Inc. (ECL) Wrap Up:
Ecolab Inc. develops and markets products and services for the hospitality, foodservice, healthcare, and light industrial markets in the United States and internationally. It offers cleaning and sanitizing products and programs, as well as pest elimination, maintenance, and repair services primarily to hotels and restaurants, healthcare and educational facilities, quick service (fast-food and convenience store) units, grocery stores, commercial and institutional laundries, light industry, dairy plants and farms, food and beverage processors, and the vehicle wash industry. The company was founded in 1923 and is headquartered in St. Paul, Minnesota.Ecolab Inc. (ECL:NYSE)
Snapshot of Ecolab Inc. (ECL)
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OPEN
$45.16
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PREVIOUS CLOSE
$45.29
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DAY HIGH
$45.42
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DAY LOW
$44.95
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52 WEEK HIGH
09/18/09 - $47.88
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52 WEEK LOW
03/6/09 - $29.27
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MARKET CAP
10.8B
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AVERAGE VOLUME 3 mo
1.1M
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DILUTED EPS TTM
$1.49
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SHARES OUTSTANDING
237.6M
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EX-DATE
09/11/09
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P/E TTM
30.5x
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DIVIDEND
$0.56
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DIVIDEND YIELD
1.24%
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| K = Thousands M = Millions B = Billions | ||
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ECL Top Compensated Officers
Executives, Board Directors
Key developments for Ecolab Inc. (ECL)
The Board of Directors of Ecolab Inc. announced that it has appointed Victoria J. Reich to the board. Ms. Reich is the Senior Vice President and Chief Financial Officer of United Stationers Inc. Prior to joining United Stationers in 2007, Ms. Reich served in international operating and financial management roles with Brunswick Corporation and General Electric Company. Reich's appointment increases the size of Ecolab's Board to 12 from 11 members.
Coverall Health-Based Cleaning System announced a strategic alliance agreement with Ecolab Inc. The agreement comes at a critical time, as businesses take steps to protect against the H1N1 virus and other germ-related illnesses. Coverall conducted extensive evaluation and testing of numerous products and determined that Ecolab's products met or exceeded all of Coverall's stringent standards and systems. In addition to cleaning compounds, Coverall will exclusively offer Ecolab's comprehensive hand hygiene system to its franchisees, as well as specify the new Ecolab product line for its Touch-Free restroom cleaning protocol. Adding Ecolab's offerings to the Coverall selection of cleaning products now gives Coverall the ability to meet any of their franchisees' cleaning chemistry needs.
Ecolab Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income attributable to Ecolab of $145 million or $0.60 per diluted share on net sales of $1,546.4 million against net income attributable to Ecolab of $126.2 million or $0.50 per diluted share on net sales of $1,626.3 million a year ago. Operating income was $223 million against $201.4 million a year ago. Income before income taxes was $207.9 million against $185.4 million a year ago. Pro forma diluted EPS (excluding special gains and charges and discrete tax items) was $0.61, an 11% increase from pro forma third quarter 2008 diluted earnings per share of $0.55. For the nine months, the company reported net income attributable to Ecolab of $301.5 million or $1.26 per diluted share on net sales of $4,336.1 million against net income attributable to Ecolab of $368.1 million or $1.46 per diluted share on net sales of $4,654.2 million a year ago. Operating income was $485.5 million against $572.6 million a year ago. Income before income taxes was $439.4 million against $526.5 million a year ago. For the fourth quarter, the company expects that the gross margin will be in the range of 50%-51% and pro forma EPS, excluding special gains and charges will be in the range of $0.54-$0.57. The company expects fourth quarter 2009 fixed currency sales to show a modest gain over the fourth quarter 2008. Currency translation is expected to have a favorable effect on reported sales, and a favorable impact of approximately $0.02 on fourth quarter pro forma earnings per share. The company has narrowed the range for its pro forma earnings per share forecast, which excludes special gains and charges and discrete tax items, for the full year ending December 31, 2009 to $1.98 to $2.01 from the previous forecast of $1.96 to $2.02.
ECL Competitors
| Company | Last | Change |
| Clorox Co | $59.65 USD | -0.20 |
| Eastman Chemical Co | $58.76 USD | +0.03 |
| Stryker Corp | $48.73 USD | -0.09 |
| Black and Decker Corp | $61.00 USD | -0.07 |
| WW Grainger Inc | $97.16 USD | +0.13 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ECL | Industry Range |
| Price/Earnings | 28.5x |
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| Price/Sales | 1.8x |
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| Price/Book | 5.5x |
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| Price/Cash Flow | 28.2x |
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| TEV/Sales | 1.7x |
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ECL |
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ECL transactions
| Type Date |
Target |
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Bankruptcy
October 23, 2009 |
Max & Ermas Restaurants Inc. |
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Merger/Acquisition
October 14, 2009 |
ISS A/S, Pest Elimination Business in UK |
More Recent News About Ecolab Inc.
More news for ECL
Ecolab Donates More Than $775,000 to Teachers Through National Education Grant Program
Visions for Learning grant program in 12 communities across the U.S., with $190,000 distributed in the St. Paul area. More than 300 schools and thousands of students benefited from the program this year nationwide. Visions for Learning grant program is to help augment the classroom curriculum for students in grades K-12 by providing additional classroom materials to help reach learning goals. We know teachers frequently spend personal funds on materials to improve the learning experience for their students. We feel strongly that partnering with teachers to improve classroom materials and their availability helps student achievement.â€Suzanne Kelly, Interim Superintendent of Saint Paul Public Schools commented, saying, “Ecolab’s longstanding partnership with the Saint Paul Public Schools is a testament to the company’s commitment to supporting excellence in education. Ecolab sets an example of strong corporate involvement by contributing time, talent and resources to our community and our students.â€Visions for LearningVisions for Learning th grade teachers to support and engage students, helping them to achieve at-grade level in basic skills and enrich the classroom experience. Projects funded this year included materials for biotechnology kits used to explore the technology of DNA, materials for a Family Literacy Program and curriculum materials for a multicultural and ecological study of plants, animals and people in their environments across the globe. In total, the Ecolab Foundation will contribute over $6 million in 2009 to communities where Ecolab associates live and work.With sales of $6 billion and more than ...Click here to read the whole Article (external link)
ECOLAB INC Files SEC form 10-Q, Quarterly Report
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion and analysis provides information that we believe is useful in understanding our operating results, cash flows and financial condition. The discussion should be read in conjunction with both the unaudited consolidated financial information and related notes included in this Form 10-Q, and the Management's Discussion and Analysis of Financial Condition and Result of Operations included in our Annual Report on Form 10-K for the year ended December 31, 2008. The discussion contains various "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We refer readers to the statement entitled "Forward-Looking Statements" located at the end of Part I of this report. Overview of the third quarter ended September 30, 2009 Our third quarter results were once again led by new account gains, pricing and cost savings actions which offset the negative effects of the global recession and unfavorable foreign currency exchange. Both 2009 and 2008 results of operations included significant special gains and charges, as well as discrete tax items which impact the year over year comparisons. Sales Performance † Consolidated net sales decreased 5% to $1.5 billion. Net sales were negatively impacted by unfavorable foreign currency exchange during the quarter. When measured in fixed rates of currency exchange, sales were about even with the prior year. † U.S. Cleaning & Sanitizing sales were $693 million for the third quarter compared to $696 million in the prior year. Results were led by 11% Healthcare sales growth. Kay sales grew 4%, Food & Beverage reported 2% growth, while Institutional reported a 4% sales decline. † ...Click here to read the whole Article (external link)
ECOLAB INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue1,546,400 1,441,500 1,348,200 1,483,300 Cost of Revenue763,900 725,100 707,900 770,200 Gross Profit782,500 716,400 640,300 713,100 Operating ExpensesResearch Development - - - - Selling General and Administrative554,100 526,400 516,300 541,800 Non Recurring5,400 25,000 26,500 31,500 Others - - - - Total Operating Expenses - - - - Operating Income or Loss223,000 165,000 97,500 139,800 Income from Continuing OperationsTotal Other Income/Expenses Net - 1,700 2,000 2,300 Earnings Before Interest And Taxes173,200 166,700 99,500 142,100 Interest Expense(34,700)16,900 17,800 17,800 Income Before Tax207,900 149,800 81,700 124,300 Income Tax Expense62,700 50,300 24,000 44,300 Minority Interest - - - - Net Income From Continuing Ops144,300 99,500 57,700 80,000 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - &nbs...Click here to read the whole Article (external link)
ECOLAB INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Show all filings for ECOLAB INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for ECOLAB INC 6-Nov-2009Change in Directors or Principal Officers, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for inform...Click here to read the whole Article (external link)
Ecolab, C.H Robinson CEOs in top 10 of ‘wealth creation’ index
Ecolab Inc.’s Douglas Baker Jr. and C.H. Robinson Worldwide Inc.’s John Wiehoff are among the top 10 CEOs in a “wealth creation” index published in Chief Executive magazine. The index, in its second year, ranked chief executives by their companies’ cash flow in excess of the costs of capital invested in operations over the past three years. The index ranks CEOs at S&P 500 companies who’ve been in their jobs at least three years. Wiehoff was No. 6 on the list, up from No. 14 last year; Baker was No. 7 on the list, up from No. 23. Robert Selander of Purchase, N.Y.-based MasterCard Inc. (NYSE:MA) topped the list. The biggest “wealth destroyer” was Bruce Williamson of Houston-based Dynegy Inc. (NYSE: DYN). The report on the index credited C.H. Robinson (Nasdaq: CHRW), a third-party logistics company, with having an “asset-light business model” because it doesn’t own any trucks. It instead relies on its relationships with shippers and trucking companies. The Eden Prairie-based company’s proprietary information system keeps shipments moving along economically. “It’s not as volume-sensitive as a shipper and no one shipper represents more than 3 percent of revenue. It can use its match-making information system as a vehicle to expand outside the U.S.,” Chief Executive magazine said on i...Click here to read the whole Article (external link)
Ecolab Schedules Webcast of Industry Conference for November 18th
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)