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Jun 30, 2021
Ecolab Q2 2021 Earnings Report
Ecolab's second quarter results were driven by recovering markets, new business wins and new products, resulting in double-digit sales and earnings growth.
Key Takeaways
Ecolab reported strong second-quarter results, leveraging recovering markets with new business wins and new products to deliver double-digit sales and earnings growth. Reported sales from continuing operations increased by 18% versus last year, and adjusted diluted EPS from continuing operations were $1.22, an increase of 88% versus last year.
Strong second quarter results leveraged recovering markets with new business wins and new products to deliver double-digit sales and earnings growth.
Reported sales from continuing operations +18% versus last year.
Reported operating margins from continuing operations +710 bps.
Adjusted diluted EPS from continuing operations were $1.22, +88% versus last year; the strong increase reflects volume increases, accelerating pricing in excess of higher delivered product costs and lower bad debt expense which more than offset increased variable compensation and Texas freeze impacts.
Ecolab
Ecolab
Ecolab Revenue by Segment
Revenue by Segment
Institutional & Specialty Revenue
CapyFin.comPest Elimination Revenue
CapyFin.com Forward Guidance
Ecolab expects the U.S. recovery to continue, Europe to reopen as forecasted, the rest of the world to follow soon after, and a continued higher cost environment.
Positive Outlook
- U.S. recovery to continue
- Europe to reopen as forecasted
- The rest of the world to follow soon after
- Strong pricing actions in 2021 that remain ahead of input costs
- New business and innovation pipelines are at record levels
Revenue & Expenses
Visualization of income flow from segment revenue to net income