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Ecolab Inc. - ECL STOCK NEWS

Welcome to our dedicated page for Ecolab news (Ticker: ECL), a resource for investors and traders seeking the latest updates and insights on Ecolab stock.

Ecolab, Inc. (NYSE: ECL) is a global leader in water, hygiene, and energy technologies and services, dedicated to protecting people and vital resources. Operating in over 170 countries, Ecolab offers comprehensive solutions that promote safe food, maintain clean environments, optimize water and energy use, and improve operational efficiencies for customers in diverse industries, including industrial manufacturing, hospitality, healthcare, and life sciences.

Core Business and Offerings:

  • Cleaning and Sanitation: Ecolab produces a wide range of cleaning and sanitation products, including dishwashing and laundry systems, pest control, and infection control products. These solutions are designed to ensure health and safety across various sectors.
  • Water Management: Ecolab provides customized water management solutions aimed at optimizing water use and ensuring sustainability in industrial processes.
  • Energy Services: Ecolab offers services that focus on optimizing energy use, thereby reducing costs and environmental impact for clients.

In 2013, Ecolab reported sales of $13 billion, supported by a robust workforce of 45,000 associates. The company’s stronghold in the US market is complemented by its growing presence internationally.

Recent Achievements and Partnerships:

  • Maxx Synbiotic Cleaning Range: In collaboration with HeiQ Chrisal, Ecolab has introduced the Maxx Synbiotic cleaning range in Europe. This revolutionary product harnesses the power of pre- and probiotics to offer microscopic-level cleaning, efficient odor reduction, and long-lasting efficacy.

For the latest updates and more information, visit www.ecolab.com or follow Ecolab on Twitter and Facebook.

Rhea-AI Summary

Ecolab will host a live webcast to discuss its Q2 2024 earnings on July 30, 2024. The webcast will begin at 1:00 p.m. Eastern Time and last for one hour. A news release containing the Q2 results will be issued before the market opens on the same day. The webcast can be accessed at www.ecolab.com/investor, and a replay along with supplemental data will be available on the site.

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Ecolab, in partnership with Repligen , announced the commercial launch of DurA Cycle Affinity Resin, designed for large-scale purification in biologic manufacturing. This product, launched at BIO 2024 in San Diego, targets efficient monoclonal antibody production, reducing costs for biologic drug developers. The launch reflects Ecolab's ongoing commitment to bioprocessing innovations, following two other resins launched in the past eighteen months. The partnership aims to address complex challenges in biologic manufacturing and is bolstered by Ecolab's investment in a new production facility in Landenberg, PA, complementing its UK-based facility.

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Ecolab will webcast a presentation by its Chairman and CEO, Christophe Beck, at the William Blair Growth Stock Conference on June 4, 2024. The event will start at 11:40 a.m. Eastern Time and will last for about 30 minutes. This webcast will be accessible via Ecolab's investor website, with a replay available until June 28, 2024.

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Ecolab has released its 2023 Growth & Impact Report, highlighting its economic, environmental, social, and governance achievements. The report details significant progress toward Ecolab's 2030 Positive Impact goals. Key milestones in 2023 include conserving 226 billion gallons of water, providing safe food to 1.4 billion people, and avoiding 3.8 million metric tons of greenhouse gas emissions. Ecolab also reached 100% renewable electricity in its European operations and advanced its electric vehicle conversion efforts in North America. Additional achievements include AWS certifications in Monterrey and Nanjing, donating $18.5 million to global communities, and launching the California Water Resilience Initiative. These accomplishments underscore Ecolab's mission to integrate science-based solutions, enhance business health, and drive sustainability.

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Ecolab and HeiQ Chrisal collaborate to launch Maxx Synbiotic cleaning products at Interclean in Amsterdam, introducing advanced synbiotic cleaning technology to the European market. The products deliver immediate, microscopic-level cleaning, efficient odor reduction, and support for a well-balanced microbiome on surfaces. HeiQ's technology has been validated in scientific studies, offering a promising future for the cleaning industry.

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Ecolab Inc. announced the election of twelve director nominees for a one-year term, approval of executive officers' compensation, and ratification of an accounting firm at its annual meeting. A stockholder proposal on an independent board chair policy was not approved. The final vote tabulation will be reported to the SEC.

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Ecolab Inc. announced a regular quarterly cash dividend of $0.57 per common share, to be paid on July 15, 2024, to shareholders of record on June 18, 2024. This marks the 87th consecutive year of cash dividends being paid on Ecolab's common stock.

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Ecolab Inc. reported very strong first-quarter performance with diluted EPS at $1.43 and adjusted diluted EPS at $1.34, a 52% increase. Sales grew by 5%, organic sales by 5%, and operating income margin by 13.8% to 14.7%. Ecolab has agreed to sell its global surgical solutions business for $950 million. The outlook for 2024 includes an adjusted diluted EPS range of $6.40 - $6.70, a 23% - 29% increase.

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Ecolab will host its annual meeting of stockholders via a live webcast on May 2, 2024, as a virtual-only event. The meeting will last approximately 30 minutes and will be accessible to stockholders and guests. Details and access instructions are provided on www.virtualshareholdermeeting.com/ECL2024.
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Ecolab's global study on water concerns reveals generational differences on World Water Day.
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FAQ

What industries does Ecolab serve?

Ecolab serves various industries including industrial manufacturing, hospitality, healthcare, and life sciences.

What products and services does Ecolab offer?

Ecolab offers cleaning and sanitation products, water management solutions, and energy optimization services.

In how many countries does Ecolab operate?

Ecolab operates in over 170 countries worldwide.

What is the Maxx Synbiotic cleaning range?

The Maxx Synbiotic cleaning range is a revolutionary product developed with HeiQ Chrisal, utilizing pre- and probiotics for effective and long-lasting cleaning.

How can I learn more about Ecolab's recent projects and news?

You can learn more about Ecolab's recent projects and news by visiting their official website at www.ecolab.com or following their social media accounts on Twitter and Facebook.

What was Ecolab's reported sales in 2013?

Ecolab reported sales of $13 billion in 2013.

How many associates does Ecolab employ?

Ecolab employs approximately 45,000 associates.

What is Ecolab's approach to sustainability?

Ecolab focuses on optimizing water and energy use, promoting safe food, and maintaining clean environments to ensure sustainability in their operations and offerings.

Where can I find Ecolab's social media profiles?

You can find Ecolab on Twitter at twitter.com/ecolab and on Facebook at facebook.com/ecolab.

What is Ecolab's stock symbol?

Ecolab's stock symbol is ECL, listed on the New York Stock Exchange (NYSE).

Ecolab Inc.

NYSE:ECL

ECL Rankings

ECL Stock Data

70.35B
285.57M
0.18%
90.56%
0.71%
Polish and Other Sanitation Good Manufacturing
Manufacturing
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United States of America
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