US Ecolab Q3 net income rises 54%, sales rise 74% on Nalco merger

30 October 2012 13:15  [Source: ICIS news]

HOUSTON (ICIS)--Ecolab’s third-quarter net income rose 54% year on year to $238m (€186m) and sales rose 74% to $3.02bn, driven by Ecolab’s merger with water chemicals producer Nalco, the US-based firm said on Tuesday.

Ecolab’s operating income for the three months ended 30 September rose 67% year on year to $401.2m.

"We continued to show strong results in the third quarter despite the challenging global economies,” CEO Douglas Baker said.

“Growth remained solid across our businesses and regions, reflecting our focused efforts on new account gains, new products and services to yield improved results and lower costs for customers, and achieving the planned integration and synergy objectives from our combined businesses,” Baker said.

“The integration of Ecolab and Nalco is going very well, and based on our experience with customers, we are more confident than ever in the value we will create through our merger,” he added.

($1 = €0.78)

By: Stefan Baumgarten
+1 713 525 2653

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