Ecolab Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 26, 2021 at 08:44 am
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Ecolab Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 3,320.8 million compared to USD 3,018.6 million a year ago. Net income was USD 324.5 million compared to USD 246.2 million a year ago. Basic earnings per share from continuing operations was USD 1.13 compared to USD 0.86 a year ago. Diluted earnings per share from continuing operations was USD 1.12 compared to USD 0.85 a year ago. Basic earnings per share was USD 1.13 compared to USD 0.86 a year ago. Diluted earnings per share was USD 1.12 compared to USD 0.85 a year ago.
For the nine months, revenue was USD 9,368.5 million compared to USD 8,724.9 million a year ago. Net income was USD 828.9 million compared to net loss of USD 1,505.4 million a year ago. Basic earnings per share from continuing operations was USD 2.9 compared to USD 2.32 a year ago. Diluted earnings per share from continuing operations was USD 2.87 compared to USD 2.29 a year ago. Basic earnings per share was USD 2.9 compared to basic loss per share of USD 5.24 a year ago. Diluted earnings per share was USD 2.87 compared to diluted loss per share of USD 5.18 a year ago.
Ecolab Inc. specializes in the development and the marketing of cleaning and disinfection products and services. The activity is insured with hotels, restaurants, hospitals, schools, shops, commercial and industrial laundries, food factories, etc. The activity is organized around three areas:
- sale of wastewater treatment products;
- sale of cleaning and disinfection products and services: wash liquids, detergents, stain removers, disinfectants, soaps, deodorants, distributors of products, equipment (dishwasher, washer, etc.), cleaning services, training, etc.;
- pest control, repair and maintenance services: detection and elimination of rats services, and repair and maintenance of equipment of kitchen and refrigeration services.
Net sales are distributed geographically as follows: the United States (53%), Europe (21%), China (4.4%), Asia/Pacific (8.5%), Latin America (6.6%), India/Middle East/Africa (3.6%), and Canada (2.9%).