31 July 2012 15:46 [Source: ICIS news]
HOUSTON (ICIS)--US Ecolab’s net income for the second quarter, which includes results from its Nalco acquisition, increased 46% year on year, the company said on Tuesday.
Net income for the quarter was $184.5m (€151.3m), up from $126.2m in the same quarter a year ago, Ecolab said.
Sales increased to $3.0bn, up 76% from $1.7bn in the second quarter of 2011.
Earnings and sales were bolstered by results from the global energy, Latin America, Kay and healthcare operations, in addition to the Nalco acquisition, Ecolab said.
The US cleaning and sanitising segment posted a 5% year-on-year increase in sales to $760.9m. International cleaning, sanitising and other services rose 3% to $796.5m.
The global water segment had a 1% increase in sales to $509.8m, while global paper posted a 2% decrease at $200.8m.
Sales for the global energy segment rose 19% for the second quarter to $548.3m.
“While we face increasing headwinds from slowing economic activity and unfavourable currencies, we continue to work aggressively to drive superior sales growth and margin expansion as we benefit from our strengthened product portfolio and our strong focus on execution,” said chief executive Douglas Baker.
($1 = €0.82)
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