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

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01/08/2013 | 03:36pm CET
   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 [email protected]

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

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Financials ($)
Sales 2017 13 749 M
EBIT 2017 2 058 M
Net income 2017 1 355 M
Debt 2017 6 705 M
Yield 2017 1,08%
P/E ratio 2017 30,31
P/E ratio 2018 26,15
EV / Sales 2017 3,42x
EV / Sales 2018 3,26x
Capitalization 40 376 M
Duration : Period :
Ecolab Technical Analysis Chart | ECL | US2788651006 | 4-Traders
Technical analysis trends ECOLAB
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 138 $
Spread / Average Target -1,4%
EPS Revisions
Douglas M. Baker Chairman & Chief Executive Officer
Thomas W. Handley President & Chief Operating Officer
Daniel J. Schmechel Chief Financial Officer & Treasurer
Larry L. Berger Chief Technical Officer & Executive VP
Stewart H. McCutcheon Chief Information Officer & Executive VP
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