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Ecolab Delivers Strong Q2 Results

Sales jump 5% to $1.5 billion.

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By: TOM BRANNA

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Ecolab Inc. reported strong second quarter earnings as sales increased, led by strong growth in Asia Pacific and Latin America, and as cost savings actions and lower delivered product costs benefited results. Ecolab’s reported net sales rose 5% to $1.5 billion in the second quarter of 2010; measured in fixed currencies, sales rose 3%. Net income attributable to shareholders increased 30% to $129 million, with reported diluted earnings per share up 32% to $0.54. Commenting on the quarter,...

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