Ecolab reports Q3 adjusted EPS $2.07, consensus $2.07

Reports Q3 revenue $4.17B, consensus $4.12B. Christophe Beck, Ecolab’s (ECL) chairman and chief executive officer, said, “Our team once again delivered a strong and consistent quarter of double-digit earnings growth, driven by value pricing accelerating from 2% to 3%, volume growth of 1%, and strong operating income margin expansion. Ecolab’s growth engines, which include Life Sciences, Pest Elimination, Global High-Tech and Ecolab Digital, collectively grew double digits. Performance in our core businesses was led by mid-single digit growth in Institutional & Specialty and accelerating Food & Beverage growth, as we leveraged our breakthrough innovations and the power of our One Ecolab enterprise growth strategy. This very strong performance was partially offset by ongoing soft market demand in our underperforming businesses, Basic Industries and Paper. While continued new business wins are mitigating the impact of soft market demand, together these businesses had an unfavorable 1% impact on third quarter sales growth. Importantly, with strong performance across our high margin businesses, Ecolab’s organic operating income margin continued to expand significantly, reaching 18.7%.”