Cleaning & Maintenance Management Online

Ecolab delivers record fourth-quarter earnings

February 18, 2011
ST. PAUL, MN — Ecolab Inc. reported record fourth-quarter earnings as strong new business efforts globally benefited results, according to a press release.
Ecolab announced it is planning to restructure its European operations in order to accelerate profit improvement in that region, the release noted.
Ecolab''s reported net sales rose one percent to $1.6 billion in the fourth quarter of 2010; measured in fixed currencies, sales rose two percent, the release stated.
According to the release, net income attributable to shareholders increased 13 percent to a record $131 million, and reported diluted earnings per share were up 17 percent to $0.56.
Click here to read the complete release.