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Sales Rise, Income Falls at Ecolab

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By: TOM BRANNA

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Ecolab’s sales for 2002 rose 4% to nearly $2.4 billion. Net income, however, declined 9% to $188 million. The company said the results were in-line with expectations.“Final results were right on the mark as we outlined them last month,” said Allan L. Schuman, Ecolab’s chairman and chief executive officer. “As we said then, even though the impact of the terrible events of September 11 created turmoil in several of our key markets, our aggressive actions offset a grea...

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