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Ecolab: 4Q Earnings Snapshot

SAINT PAUL, Minn. (AP) _ Ecolab Inc. (ECL) on Tuesday reported fourth-quarter net income of $395.1 million.

On a per-share basis, the Saint Paul, Minnesota-based company said it had profit of $1.35. Earnings, adjusted for pretax expenses and non-recurring costs, came to $1.54 per share.

The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $1.54 per share.

The cleaning, food-safety and pest-control services company posted revenue of $3.76 billion in the period, also meeting Street forecasts.

For the year, the company reported profit of $1.43 billion, or $4.88 per share. Revenue was reported as $14.67 billion.

For the current quarter ending in April, Ecolab expects its per-share earnings to range from 98 cents to $1.06. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.03.

The company expects full-year earnings in the range of $5.80 to $6 per share.

Ecolab shares have risen 11 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 11 percent. The stock has risen 24 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ECL at https://www.zacks.com/ap/ECL