10.02.14
Ecolab’s reported sales rose 7% to a record $3.6 billion in the second quarter of 2014.
“Record second quarter results were driven by solid sales gains and margin expansion that once again reflected the strength of our business model and our continued growth focus,” said Douglas M. Baker Jr., chairman and chief executive officer, Ecolab. “Looking to the balance of the year, we expect to outperform market trends as we continue to focus on strong customer relationships, industry-leading innovation, and delivering unmatched personalized service through our outstanding global team. We believe our solid first half momentum coupled with increasing global needs for our comprehensive solutions will drive accelerated second half sales and full-year upper-teens adjusted earnings per share growth this year as well as superior growth for years to come.”
Second quarter 2014 sales for the global industrial segment, when measured at fixed currency rates, rose 3% to $1.2 billion, led by water.
Second quarter 2014 sales for the global institutional segment, when measured at fixed currency rates, rose 3% to $1.0 billion, led by strong specialty sales growth. Fixed currency operating income increased 3% to $200 million compared with last year.
“Record second quarter results were driven by solid sales gains and margin expansion that once again reflected the strength of our business model and our continued growth focus,” said Douglas M. Baker Jr., chairman and chief executive officer, Ecolab. “Looking to the balance of the year, we expect to outperform market trends as we continue to focus on strong customer relationships, industry-leading innovation, and delivering unmatched personalized service through our outstanding global team. We believe our solid first half momentum coupled with increasing global needs for our comprehensive solutions will drive accelerated second half sales and full-year upper-teens adjusted earnings per share growth this year as well as superior growth for years to come.”
Second quarter 2014 sales for the global industrial segment, when measured at fixed currency rates, rose 3% to $1.2 billion, led by water.
Second quarter 2014 sales for the global institutional segment, when measured at fixed currency rates, rose 3% to $1.0 billion, led by strong specialty sales growth. Fixed currency operating income increased 3% to $200 million compared with last year.