Ecolab Posts Mixed Q2 Performance; Warns On Challenging Macro Environment
Portfolio Pulse from Shivani Kumaresan
Ecolab Inc (NYSE:ECL) reported Q2 FY23 sales growth of 8% year-on-year to $3.85 billion, missing the analyst consensus of $3.87 billion. Adjusted EPS of $1.24 beat the analyst consensus of $1.21. The company expects to overcome the volatile macro environment to deliver mid-teens growth in adjusted EPS in the second half of 2023. ECL shares are trading lower by 0.52% at $182.18.
August 04, 2023 | 9:42 am
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Ecolab's Q2 FY23 sales missed analyst expectations but EPS beat estimates. The company expects to deliver mid-teens growth in adjusted EPS in H2 2023.
Ecolab's Q2 sales missed analyst expectations, which could negatively impact the stock. However, the company beat EPS estimates and expects to deliver strong growth in H2 2023, which could offset the negative impact of the sales miss.
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