Fri, Aug 2, 12:04 PM (88 days ago)
Ecolab Inc. reported a 3% increase in net sales to $3,985.8 million for Q2 2024, with organic sales up by 4%. The Global Industrial segment saw a 2% organic sales increase, driven by growth in Water sales. The Global Institutional & Specialty segment posted a 7% organic sales rise, while Global Healthcare & Life Sciences remained stable. Global Pest Elimination increased by 9% in organic sales. Operating income surged by 36% to $656.9 million, with a 32% rise in organic operating income. The company's gross margin improved to 43.8%, aided by lower supply chain costs and strong pricing. Net income attributable to Ecolab rose by 49% to $490.9 million. The company maintained a strong liquidity position with $384 million in cash and a net debt to EBITDA ratio of 2.2. The sale of the global surgical solutions business was completed on August 1, 2024.