Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Ecolab Inc.    ECL

Delayed Quote. Delayed  - 06/30 10:00:31 pm
118.6 USD   +1.55%
06/29 ECOLAB : Miniature photoelectric sensors with IO-Link and Ecolab app..
06/29DJECOLAB : Plans to Acquire European Health, Hygiene Firm Anios
06/29 ECOLAB : Makes Binding Offer to Acquire Anios – a Leading Euro..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Ecolab Inc. : Ecolab Sees Downbeat 2013 Earnings Amid Delayed Champion Deal Closing

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/08/2013 | 03:36pm CEST
   By Ben Fox Rubin 
 

Ecolab Inc. (ECL) predicted downbeat earnings of 2013, as the cleaning products noted a delay in closing its deal for Champion Technologies.

The company said it expects 2013 adjusted earnings of $3.38 to $3.48 a share, below estimates of $3.64 from analysts polled by Thomson Reuters. Ecolab also backed its 2012 guidance.

Shares fell 2.7% premarket to $71.90. As of Monday's close, the stock was up 14% over the past three months.

Ecolab--a provider of cleaning, sanitation and pest-control products--plans to buy chemical maker Champion Technologies for about $2.16 billion, with the deal pushing the company deeper into the chemical market for the energy industry.

As previously disclosed, the Champion deal's closing was expected to close by the end of last year but remains subject to certain approvals. The deal had been expected to benefit 2013 earnings by 12 cents a share, but that benefit isn't included in the company's 2013 earnings estimate. Ecolab said it remains confident that the deal will close in early 2013, but said the benefit to this year's earnings will be lower than previously forecast when the deal closes.

In October, the company said its third-quarter earnings jumped as a surge in its revenue overshadowed a sharp rise in input costs and other expenses.

Write to Ben Fox Rubin at ben.rubin@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on ECOLAB INC.
06/29 ECOLAB : Miniature photoelectric sensors with IO-Link and Ecolab approval are id..
06/29DJECOLAB : Plans to Acquire European Health, Hygiene Firm Anios
06/29 ECOLAB : Makes Binding Offer to Acquire Anios – a Leading European Healthc..
06/29 ECOLAB : Makes Binding Offer to Acquire Anios – A Leading European Healthc..
06/29 ECOLAB : Assigned Patent
06/28 ECOLAB : Ranked in Top 50 Green Commercial Fleets by Automotive Fleet Magazine
06/20 ECOLAB : Releases 2015 Corporate Sustainability Report
06/17 ECOLAB INC. : ex-dividend day
06/06 ECOLAB : Named a Top Green Company by Newsweek for Third Consecutive Year
06/05 ECOLAB : Schedules webcast of industry conference for june 15
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials