Strong Earnings Growth
Ecolab experienced a strong quarter with double-digit earnings growth, including 3% organic sales growth and 12% EPS growth, outpacing the software markets.
Operating Income Margin Improvement
The company achieved a 190 basis point increase in operating income margin, aiming for a 20% operating income margin by 2027.
Life Sciences Segment Success
Life Sciences grew organic sales mid-single-digits with over 30% growth in organic operating income, driven by double-digit growth in the biopharma business.
Robust Free Cash Flow
Ecolab reported strong and resilient free cash flow, with a healthy balance sheet, over $1 billion in cash, and a 1.8x net debt to adjusted EBITDA ratio.
Ecolab Digital Growth
Ecolab Digital sales grew 12% to $80 million in the first quarter, with expectations for acceleration throughout the year, driven by strong growth in subscription revenue.