Exhibit 99.1

New Ecolab logo - blue no R

 

News Release

 

Ecolab Inc.

1 Ecolab Place,

St. Paul, Minnesota  55102

 

 

 

 

FOR IMMEDIATE RELEASE

 

Michael J. Monahan      (651) 250-2809

 

Andrew C. Hedberg      (651) 250-2185

 

ECOLAB FOURTH QUARTER REPORTED DILUTED EPS $1.35

ADJUSTED DILUTED EPS $1.54, +12%

2019 ADJUSTED DILUTED EPS FORECAST $5.80 TO $6.00 +10% to 14%

 

FOURTH QUARTER HIGHLIGHTS:

·

Reported diluted EPS $1.35, -30%.

·

Adjusted diluted EPS $1.54, +12%, excluding special gains and charges and discrete tax items.

·

Reported sales +3%. Acquisition adjusted fixed currency sales +6% with strong growth in the Industrial, Institutional and Other segments.

·

Sales gains, pricing, new product innovation, cost savings and a lower tax rate more than offset higher delivered product costs, investments in the business and unfavorable foreign exchange to drive the earnings gain.

 

2019 FORECAST:

·

2019 adjusted diluted EPS is forecast to be $5.80 to $6.00, +10% to 14%, as strong pricing, volume growth and cost efficiencies are expected to more than offset moderating delivered product cost increases and unfavorable foreign exchange impacts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fourth Quarter Ended December 31

 

 

Reported

 

 

 

 

Adjusted *

 

 

 

(unaudited)

 

Public Currency Rates

 

%  

 

Public Currency Rates

 

%  

(millions, except per share)

 

2018

 

2017

 

Change

 

2018

 

 

2017

 

Change

Net sales

 

$
3,760.5

 

 

$
3,649.0

 

 

3

%

 

$
3,760.5

 

 

$
3,649.0

 

 

3

%

Operating income

 

581.9

 

 

609.2

 

 

(4)

%

 

600.7

 

 

575.4

 

 

4

%

Net income attributable to Ecolab

 

395.1

 

 

562.6

 

 

(30)

%

 

449.1

 

 

405.4

 

 

11

%

Diluted earnings per share

 

$
1.35

 

 

$
1.92

 

 

(30)

%

 

$
1.54

 

 

$
1.38

 

 

12

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted *

 

 

 

 

 

Fixed Currency Rates *

 

%  

 

Fixed Currency Rates

 

%  

 

 

2018

 

2017

 

Change

 

2018

 

 

2017

 

Change

Net sales

 

$
3,931.1

 

 

$
3,710.8

 

 

6

%

 

$
3,931.1

 

 

$
3,710.8

 

 

6

%

Operating income

 

611.6

 

 

621.0

 

 

(2)

%

 

630.4

 

 

587.2

 

 

7

%

 

* See “Non-GAAP Financial Information” section of this release for further discussion

 

1


The following information was filed by Ecolab Inc. (ECL) on Tuesday, February 19, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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