Ecolab shows Confidence & Long-term Growth Expectations

Ecolab recently issued the company’s third quarter report.

Douglas M. Baker, Jr., the company’s chairman and chief executive officer commented: “We performed well in the quarter as we overcame softer industrial and energy markets and unfavourable foreign exchange. We were able to deliver 12% adjusted earnings per share growth. Our strong pricing and disciplined cost control efforts drove strong margin improvement and enabled us to aim at new business development versus pricing as our primary objective. As a result, we expect to rebuild our sales momentum in the fourth quarter. Owing to our continued strong pricing and cost efficiency work, we expect to deliver double-digit adjusted earnings per share for the full year 2019. And anticipate setting up a good start to 2020”

Combined with the fundamental nature of Ecolab’s business – which is focused on the food, water and healthcare markets – and the large portion of sales, the company expects to have a strong business model for superior long term growth. This vision will induce the company to continuous investments and developing attractive operating strengths in order to work to delivering further superior shareholder returns.