Cleaning & Maintenance Management Online

Ecolab fourth-quarter profits rise

February 12, 2010
ST. PAUL, MNEcolab Inc. reported its fourth-quarter profits have risen 45 percent compared to one year ago, according to the Associated Press.
According to the story, the cleaning and pest-control services company was able to raise profits by decreasing write-downs and restructuring company expenses.

Ecolab profits in the fourth quarter were $115.8 million, or 48 cents per share, and the profits rose to 55 cents per share when excluding one-time items, the story stated.

The company expects to earn between $2.17 and $2.25 per share in 2010, while analysts expect $2.26 per share, the story added.

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