13.02.2024 14:13:32 - dpa-AFX: ROUNDUP: Ecolab Guides Q1 Adj. EPS Above Estimates
WASHINGTON (dpa-AFX) - While reporting financial results for the fourth
quarter on Tuesday, Ecolab Inc. (ECL) said it expects adjusted earnings for the
first quarter in a range of $1.27 to $1.37 per share and adjusted earnings for
the full-year 2024 in a range of $6.10 to $6.50 per share.
On average, analysts polled by Thomson Reuters expect the company to report
earnings of $1.12 per share for the quarter and earnings of $6.14 for the year.
Analysts' estimates typically exclude special items.
The company said it is confident 2024 will be another strong year for Ecolab,
continuing its long-term 12-15% earnings growth trajectory that is amplified by
shorter-term benefits from moderately lower delivered product costs.
The company added that it expects another very strong year of operating margin
expansion, building upon its success in 2023, and remain confident in its path
to deliver on its 20% margin objective over the next few years to drive superior
earnings growth and long-term returns for shareholders.
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