Ecolab Inc Stock Price, News & Analysis

The board of directors of Ecolab (NYSE:ECL) has declared a quarterly cash dividend of $0.53 per share, scheduled for payment on April 17, 2023. Shareholders recorded by the close of business on March 21, 2023 will be eligible. This dividend marks Ecolab's commitment to returning value to its shareholders, having paid dividends for 86 consecutive years. With annual sales of $14 billion and a presence in over 170 countries, Ecolab continues to lead in sustainability, enhancing operational efficiencies across various industries including food and healthcare.

The National Restaurant Association Educational Foundation (NRAEF) is now accepting nominations for the 2023 Restaurants Advance Leadership Awards. Each winner will receive $10,000 and a $2,500 scholarship in their name. Award categories include: Leadership in Community Service, Leadership in Diversity, Equity and Inclusion (DEI), and the My Journey Leadership Award. The nomination deadline is March 17, 2023, with winners notified by April 15, 2023. This initiative highlights outstanding contributions in community service and individual journeys within the restaurant industry, emphasizing the importance of diversity and inclusion.

Ecolab reported a strong fourth quarter for 2022, with sales of $3.7 billion, a 9% increase from last year. Adjusted fixed currency sales rose by 12%, supported by growth in Industrial, Institutional & Specialty, and Healthcare segments. Operating income increased by 3%, with a significant 14% growth in adjusted fixed currency operating income. However, net income dropped 12% year-over-year. Despite challenges like high delivery costs and currency translation impacts of $0.10 on EPS, Ecolab expects a positive performance in 2023, forecasting quarterly adjusted earnings per share growth that accelerates towards low double digits.

Ecolab announced a live webcast for its fourth quarter earnings conference call on February 14, 2023, at 1:00 p.m. Eastern Time. The results will be released before market open on the same day. This event aims to discuss the company’s financial performance for the fourth quarter of 2022. Interested participants can access the webcast through Ecolab's investor page. Ecolab, a leader in water and hygiene solutions, has annual sales of $13 billion and serves nearly three million customer locations worldwide.

The board of Ecolab has appointed Eric Green as an independent director, effective December 8, 2022. He will join the Compensation and Human Capital Management Committee and the Governance Committee. Green brings nearly 30 years of life sciences experience, currently serving as CEO of West Pharmaceutical Services. The appointment aligns with Ecolab's strategy for board composition, aiming to enhance oversight on growth initiatives. Ecolab, a global leader in water, hygiene, and infection prevention, reported annual sales of $13 billion and operates in over 170 countries.

The board of directors of Ecolab has declared a 4% increase in its quarterly cash dividend to $0.53 per common share, set to be paid on January 17, 2023. This marks the company’s 31^st consecutive annual dividend increase, with a new annualized dividend of $2.12 per share. Ecolab's CFO noted this decision reflects a strong financial position and the company’s commitment to returning to historical payout levels. The company has maintained cash dividends for 86 consecutive years.

Ecolab has launched its Ecolab Water for Climate program to assist companies in addressing climate challenges, focusing on improved water management to enhance sustainability without hindering growth. The initiative aims to cut water use by up to 44%, energy consumption by 22%, and greenhouse gas emissions by 12%. A survey reveals that 45% of consumers feel companies are underperforming in climate action, highlighting the urgency for corporate accountability. The program will be available globally in early 2023, targeting sectors like Food & Beverage and Heavy Industry.