07.31.12
Ecolab's reported sales rose 74% to a record $3.0 billion in the second quarter of 2012. Second quarter sales reflect the inclusion of the Nalco merger, which closed December 1, 2011. Second quarter 2012 sales rose 3% when compared with second quarter 2011 pro forma sales. Second quarter 2012 fixed currency sales rose 6% compared with second quarter 2011 pro forma fixed currency sales.
Second quarter 2012 reported operating income increased 65% to $327 million; adjusted operating income of $371 million increased 14% compared with second quarter 2011 pro forma adjusted operating income. Second quarter 2012 adjusted fixed currency operating income of $369 million increased 17% when compared with second quarter 2011 pro forma adjusted fixed currency operating income.
Second quarter 2012 reported net income attributable to Ecolab increased 47% to $185 million, representing $0.62 per diluted share, and included Nalco merger integration and restructuring charges.
Second quarter 2012 sales for U.S. Cleaning & Sanitizing operations rose 1% to $761 million. Adjusted for the transfer of certain water treatment-related business from the U.S. Cleaning and Sanitizing segment to the Global Water segment, sales increased 5% when compared with second quarter 2011 pro forma sales. Kay and Healthcare led the growth. U.S. Cleaning & Sanitizing operating income increased 19% to $170 million compared with the year ago period; U.S. Cleaning & Sanitizing operating income increased 17% when compared with second quarter 2011 pro forma operating income.
U.S. Other Services sales increased 4% to $122 million in the second quarter. Operating income grew 16% to $19 million.
Sales for International Cleaning, Sanitizing and Other Services operations, when measured at fixed currency rates, grew 3% to $796 million in the second quarter. Sales increased 5% in fixed currencies when compared with second quarter 2011 pro forma fixed currency sales, led by strong growth in Latin America operations, good gains in Asia Pacific and modest growth in Europe. International Cleaning, Sanitizing and Other Services fixed currency operating income increased 19% to $82 million in the second quarter when compared with a year ago; fixed currency operating income increased 21% when compared with second quarter 2011 pro forma fixed currency operating income, led by margin improvement in Europe. When measured at public currency rates, International Cleaning, Sanitizing and Other Services sales were $809 million and operating income was $84 million.
Second quarter 2012 reported operating income increased 65% to $327 million; adjusted operating income of $371 million increased 14% compared with second quarter 2011 pro forma adjusted operating income. Second quarter 2012 adjusted fixed currency operating income of $369 million increased 17% when compared with second quarter 2011 pro forma adjusted fixed currency operating income.
Second quarter 2012 reported net income attributable to Ecolab increased 47% to $185 million, representing $0.62 per diluted share, and included Nalco merger integration and restructuring charges.
Second quarter 2012 sales for U.S. Cleaning & Sanitizing operations rose 1% to $761 million. Adjusted for the transfer of certain water treatment-related business from the U.S. Cleaning and Sanitizing segment to the Global Water segment, sales increased 5% when compared with second quarter 2011 pro forma sales. Kay and Healthcare led the growth. U.S. Cleaning & Sanitizing operating income increased 19% to $170 million compared with the year ago period; U.S. Cleaning & Sanitizing operating income increased 17% when compared with second quarter 2011 pro forma operating income.
U.S. Other Services sales increased 4% to $122 million in the second quarter. Operating income grew 16% to $19 million.
Sales for International Cleaning, Sanitizing and Other Services operations, when measured at fixed currency rates, grew 3% to $796 million in the second quarter. Sales increased 5% in fixed currencies when compared with second quarter 2011 pro forma fixed currency sales, led by strong growth in Latin America operations, good gains in Asia Pacific and modest growth in Europe. International Cleaning, Sanitizing and Other Services fixed currency operating income increased 19% to $82 million in the second quarter when compared with a year ago; fixed currency operating income increased 21% when compared with second quarter 2011 pro forma fixed currency operating income, led by margin improvement in Europe. When measured at public currency rates, International Cleaning, Sanitizing and Other Services sales were $809 million and operating income was $84 million.