Sector: Materials|Industry: Specialty Chemicals|Market Cap: $67.30B|Employees: 48K
Ecolab Inc. is a global sustainability leader providing water, hygiene, and infection prevention solutions and services. The company's core business model revolves around delivering comprehensive, science-based solutions, data-driven insights, and world-class service to improve operational efficiencies and sustainability for customers in the food, healthcare, life sciences, hospitality, and industrial markets. Ecolab has a significant geographic presence, selling to customers in more than 170 countries.
Ecolab's net sales grew to $3,751.9 million in Q1 2024, a 5% increase compared to $3,571.6 million in Q1 2023. This growth was driven by a combination of volume and pricing improvements.
The company's operating income saw a substantial increase, rising from $351.6 million in Q1 2023 to $517.9 million in Q1 2024, indicating improved profitability.
Ecolab's net income attributable to Ecolab increased significantly to $412.1 million in Q1 2024, up from $233.4 million in Q1 2023, reflecting strong overall financial performance.