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But cleaning sales rise 4%.
February 22, 2017
By: TOM BRANNA
Editor
Ecolab's fourth quarter sales fell 2% to $3.35 billion, but net income surged 75% to $366 million. The company said continued solid global institutional, global industrial and other segment sales growth along with margin expansion more than offset expected lower global energy segment results. “Continued solid fixed currency growth by our institutional, industrial and other segments led results and outpaced lackluster global end markets,” said CEO Doug Baker. “New business w...
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