By Sabela Ojea
Shares of Ecolab on Tuesday rose to an all-time high after the company posted higher than-expected adjusted earnings and revenue in the latest quarter.
The stock was up 8.1% to $265.86 in morning trading. Shares have climbed 20% over the past 12 months.
The St. Paul, Minn., provider of water-treatment, hygiene and infection-prevention goods and services posted fourth-quarter adjusted earnings --those which strip out one-time items, of $1.81 a share. Analysts polled by FactSet had forecast adjusted earnings of $1.80.
Quarterly revenue rose 2% to $4 billion, beating the $3.99 billion expected by Wall Street, according to FactSet.
Chief Executive Christophe Beck said that the company enters 2025 confident in its ability to keep delivering a strong performance in a dynamic environment.
"We expect to continue this good momentum by generating further market share gains through our One Ecolab initiative and accelerating performance in our growth engines, specifically in data centers, microelectronics, life sciences, and Ecolab digital," Beck said.
Regarding its outlook, Ecolab said it expects adjusted earnings of $1.47 to $1.53 for the first quarter --including an approximate 4% unfavorable impact on earnings growth from currency translation, and full-year adjusted earnings of $7.42 to $7.62 a share.
Wall Street expects adjusted earnings of $1.49 a share and $7.46 a share for the first quarter and 2025, respectively, according to FactSet.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 11, 2025 12:02 ET (17:02 GMT)
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