Financial News

Ecolab’s Annual Sales Rise 8%

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By: TOM BRANNA

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Ecolab’s reported sales rose 3% to a record $3.7 billion in the fourth quarter of 2014. Net income increased 17% to $336 million. For the year, sales rose 8% to nearly $14.3 billion and net income rose 24% to $1.2 billion. Going forward, the company said it will repurchase approximately $1 billion of its shares. “(It) was another excellent year for us. We achieved record new business wins, had a record year for new products launched, accelerated our sales momentum and delivered a very stro...

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