Stock Monitor: Orchids Paper Products Post Earnings Reporting
LONDON, UK / ACCESSWIRE / December 05, 2017 / Active-Investors free earnings report on Ecolab Inc. (NYSE: ECL) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=ECL. The Company posted its financial results on October 30, 2017, for the third quarter of the fiscal year 2017. The provider of water, hygiene, and energy technologies and services' revenue and adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:
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Earnings Highlights and Summary
For the three months ended September 30, 2017, Ecolab's net revenue increased 5% to $3.56 billion from $3.39 billion in Q3 FY16. The net revenue figures surpassed analysts' expectations of $3.55 billion.
During Q3 FY17, Ecolab's gross profit increased 18.7% to $1.67 billion from $1.65 billion in the same period of last year. During Q3 FY17, the Company's gross margin decreased 180 basis points to 46.9% of revenue from 48.7% of revenue in Q3 FY16.
During Q3 FY17, Ecolab's operating income increased 1% to $579.8 million from $574.1 million in the comparable period of last year. During Q3 FY17, the Company's operating margin decreased 70 basis points to 16.3% of revenue from 17% of revenue in Q3 FY16. During Q3 FY17, Ecolab's adjusted operating income increased 1.1% to $573.6 million from $567.4 million in Q3 FY16. During Q3 FY17, the Company's adjusted operating margin decreased 60 basis points to 16.4% of revenue from 17% of revenue in Q3 FY16.
For the reported quarter, Ecolab's net income increased 5% to $392.4 million on a y-o-y basis from $374.1 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) increased 6% to $1.34 on a y-o-y basis from $1.27 in the corresponding period of last year. For the reported quarter, the Company's adjusted net income increased 6.6% to $403.1 million on a y-o-y basis from $378.0 million in Q3 FY16. During Q3 FY17, the Company's adjusted diluted EPS increased 7% to $1.37 on a y-o-y basis from $1.28 in Q3 FY16. The adjusted diluted EPS surpassed analysts' expectations of $1.36.
Global Industrial - During Q3 FY17, Ecolab's Global Industrial segment's revenue increased 4% to $1.25 billion from $1.20 billion in the same period of last year, due to major gains in Paper, with modest increases in Food & Beverage and Water. For the reported quarter, the segment's operating income increased 2% to $207.4 million from $204.1 million in Q3 FY16.
Global Institutional - During Q3 FY17, Ecolab's Global Institutional segment's revenue increased 7% to $1.23 billion from $1.15 billion in the comparable period of last year, due to a strong growth in the Specialty and Healthcare business lines. For the reported quarter, the segment's operating income increased 5% to $274.2 million from $262.1 million in Q3 FY16.
Global Energy - During Q3 FY17, Ecolab's Global Energy segment's revenue increased 3% to $796.7 million from $771.2 million in the corresponding period of last year, due to a strong growth in the well stimulation business and modest gains in the downstream business. For the reported quarter, the segment's operating income decreased 13% to $89.7 million from $102.6 million in Q3 FY16.
As on September 30, 2017, Ecolab's cash and short-term investments increased 15.8% to $209.1 million from $180.6 million as on September 30, 2016. For the reported quarter, the Company's long-term debt increased 5.5% to $6.48 billion from $5.09 billion in Q3 FY16.
For the reported quarter, the Company's net accounts receivable increased 8.2% to $2.53 billion from $2.35 billion in Q3 FY16. During Q3 FY17, the Company's accounts payable increased 13.5% to $1.12 billion from $1.02 billion in the same period of last year.
For FY17, the Company estimates adjusted diluted EPS to be in the range of $4.65 - $4.75.
Stock Performance Snapshot
December 04, 2017 - At Monday's closing bell, Ecolab's stock rose 1.76%, ending the trading session at $137.26.
Volume traded for the day: 1.51 million shares, which was above the 3-month average volume of 1.02 million shares.
Stock performance in the last month – up 4.59%; previous three-month period – up 3.02%; past twelve-month period – up 17.43%; and year-to-date – up 17.10%
After yesterday's close, Ecolab's market cap was at $39.67 billion.
Price to Earnings (P/E) ratio was at 30.88.
The stock has a dividend yield of 1.08%.
The stock is part of the Consumer Goods sector, categorized under the Cleaning Products industry. This sector was up 0.4% at the end of the session.
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