Ecolab Inc Stock Price, News & Analysis

Ecolab Inc. has rescheduled its Investor Day to Tuesday, Sept. 14, 2021, aimed at professional investors. The company is recognized as a global leader in water, hygiene, and infection prevention solutions, serving nearly three million customer locations worldwide. With annual revenues of $12 billion and a workforce of over 44,000 associates, Ecolab provides essential services across various sectors including food safety and healthcare. This event is pivotal for investors looking to understand Ecolab's strategic direction and operational efficiencies.

Ecolab Inc. held its annual stockholders' meeting on May 6, 2021, where thirteen director nominees were elected for a one-year term. Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent accounting firm for 2021 and approved the executive compensation on an advisory basis. A stockholder proposal regarding proxy access was rejected. The company, with annual sales of $12 billion and over 44,000 associates, operates in more than 170 countries, providing water, hygiene, and infection prevention solutions.

The board of directors of Ecolab declared a quarterly cash dividend of $0.48 per common share, set for payment on July 15, 2021. Shareholders of record will be noted as of June 15, 2021. Ecolab has maintained a consistent dividend paying record, marking 84 consecutive years of cash dividends. The company, with annual sales of $12 billion and over 44,000 associates, is a leader in water, hygiene, and infection prevention solutions across numerous industries in more than 170 countries.

Ecolab Inc. has launched Water Flow Intelligence, a digital service aimed at improving industrial water management amid rising global water scarcity. With freshwater shortfalls projected to reach 56% by 2030, this service utilizes smart meters and machine learning to provide real-time visibility of water usage. The platform is expected to help companies save water and reduce costs, exemplified by a case study where a major automaker cut water usage by 15%, saving $193,000 annually. Water Flow Intelligence is currently available in North America and Europe, with plans for expansion.

Ecolab will host its 2021 Annual Meeting of Stockholders as a virtual-only event due to the ongoing COVID-19 pandemic. The meeting is scheduled for May 6, 2021, starting at 9:30 a.m. Central Time. Stockholders can join by visiting www.virtualshareholdermeeting.com/ECL2021. Access will open 15 minutes before the meeting begins, and a replay of the webcast will be available until May 13, 2021. Participants must use their unique 16-digit control number to ask questions during the meeting.

Ecolab reported a 4% decline in net sales to $2.89 billion for Q1 2021, affected by the Texas freeze, which contributed an estimated $0.10 per share impact. Operating income decreased 21% year-over-year, leading to a 34% drop in net income from continuing operations. Adjusted diluted EPS was $0.81, down 18% from the previous year. Despite these challenges, strong growth in the Healthcare & Life Sciences segment contrasts with declines in the Institutional & Specialty segment. The company anticipates a recovery and significant growth in the second quarter of 2021.