Reported Earnings • Jul 28
Second quarter 2026 earnings released: EPS: US$1.91 (vs US$1.85 in 2Q 2025) Second quarter 2026 results: EPS: US$1.91 (up from US$1.85 in 2Q 2025). Revenue: US$4.42b (up 9.7% from 2Q 2025). Net income: US$534.9m (up 2.0% from 2Q 2025). Profit margin: 12% (in line with 2Q 2025). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Switzerland. Announcement • Jul 03
Ecolab Inc. (NYSE:ECL) completed the acquisition of CoolIT Systems, Inc. from KKR Global Impact Fund II SCSp, a fund managed by KKR & Co. Inc. (NYSE:KKR), and Mubadala Investment Company PJSC. Ecolab Inc. (NYSE:ECL) entered into a definitive agreement to acquire CoolIT Systems, Inc. from KKR Global Impact Fund II SCSp, a fund managed by KKR & Co. Inc. (NYSE:KKR), and Mubadala Investment Company PJSC for approximately $4.8 billion on March 20, 2026. Under the terms of the agreement, Ecolab will pay approximately $4.75 billion in cash at the closing of the transaction, subject to customary adjustments. This represents 29x and 24x estimated next 12-month and 2027 adjusted EBITDA for CoolIT. The acquisition will be financed with new transaction debt. As a result, pro forma net debt to adjusted EBITDA is anticipated to be approximately 3x at transaction close, returning to 2x leverage by the end of the second year after closing.
Following the close of the transaction, CoolIT’s leadership team, led by Chief Executive Officer Jason Waxman, is expected to remain in place and continue to run the business under the CoolIT name. CoolIT has 650 employees. The acquisition is expected to close in the third quarter of 2026, subject to regulatory approvals and other customary closing conditions. The acquisition is expected to be accretive to Ecolab’s sales growth, accelerating Global Water’s organic sales growth rate by 2% and Ecolab’s organic sales growth rate by 1%, beginning one year after closing. Excluding non-cash amortization costs, the transaction is expected to be accretive to adjusted diluted earnings per share in 2028, with the contribution building significantly thereafter. Returns are expected to be significantly above Ecolab’s weighted average cost of capital.
Citi acted as exclusive financial advisor to Ecolab in connection with the transaction and Covington & Burling LLP acted as legal counsel. Ben Teasdale, Christopher Khouri, and William Dotson of Morgan Stanley act as financial advisor for CoolIT Systems, Inc. Robert W. Baird & Co. Incorporated acted as financial advisor and Kirkland & Ellis LLP acted as legal advisor for KKR and CoolIT Systems.
Ecolab Inc. (NYSE:ECL) completed the acquisition of CoolIT Systems, Inc. from KKR Global Impact Fund II SCSp, a fund managed by KKR & Co. Inc. (NYSE:KKR), and Mubadala Investment Company PJSC on July 2, 2026. Announcement • Jun 18
Ecolab Inc. to Report Q2, 2026 Results on Jul 28, 2026 Ecolab Inc. announced that they will report Q2, 2026 results Pre-Market on Jul 28, 2026 Recent Insider Transactions • Jun 14
Independent Director recently bought CHF1.6m worth of stock On the 10th of June, Michel Dimitrios Doukeris bought around 8k shares on-market at roughly CHF206 per share. This transaction increased Michel Dimitrios' direct individual holding by 13x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CHF2.2m more in shares than they have sold in the last 12 months. Announcement • Jan 08
Ecolab Inc. to Report Q4, 2024 Results on Feb 11, 2025 Ecolab Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 11, 2025 Announcement • Dec 06
Ecolab Inc. Increases Quarterly Cash Dividend, Payable on January 15, 2025 The board of directors of Ecolab Inc. declared a 14% increase in the company’s quarterly cash dividend to $0.65 per common share, to be paid January 15, 2025, to shareholders of record at the close of business on December 17, 2024. This increase results in a new indicated annual cash dividend of $2.60 per share in 2025 and represents Ecolab’s 33rd consecutive annual dividend rate increase. Announcement • Nov 06
Ecolab Inc. (NYSE:ECL) acquired Barclay Water Management, Inc. Ecolab Inc. (NYSE:ECL) acquired Barclay Water Management, Inc. on November 1, 2024. In 2023, Barclay Water Management’s sales were approximately $50 million.
Ecolab Inc. (NYSE:ECL) completed the acquisition of Barclay Water Management, Inc. on November 1, 2024. Announcement • Aug 03
Medline Industries, Inc. completed the acquisition of Global Surgical Solutions Business from Ecolab Inc. (NYSE:ECL). Medline Industries, Inc. entered into a definitive agreement to acquire Global Surgical Solutions Business from Ecolab Inc. (NYSE:ECL) for approximately $950 million on April 30, 2024. Transaction is subject to regulatory clearances and other customary closing conditions. Transaction is expected to close on Q2, 2024. As for the year ended December 31, 2023, Global Surgical Solutions Business of Ecolab Inc. reported a revenue of approximately $400 million. Alan Levine, Brian Byrne, Chase Kaniecki, Kimberly Spoerri, Marcela Robledo, Maureen Linch and Meyer Fedida of Cleary Gottlieb Steen & Hamilton acted as legal advisors to Ecolab Inc. Reinier Kleipool and Barbara Kloppert of De Brauw acted as legal advisor to Ecolab Inc. Elizabeth Cooper, Michael Chao, Jonathan Goldstein, Sophie Staples, Greg Grogan, Gary Tashjian, Lori Lesser, Nicholas Westbrook, Vanessa Burrows, Karen Kazmerzak, Krista McManus, Dennis Loiacono, Toby Chun and Steven DeLott of Simpson Thacher & Bartlett LLP acted as legal advisor to Medline Industries, Inc.
Medline Industries, Inc. completed the acquisition of Global Surgical Solutions Business from Ecolab Inc. (NYSE:ECL) on August 1, 2024. Announcement • Aug 02
Ecolab Inc. Declares Regular Quarterly Cash Dividend, Payable on October 15, 2024 The board of directors of Ecolab Inc. declared a regular quarterly cash dividend of $0.57 per common share, to be paid October 15, 2024, to shareholders of record at the close of business on September 17, 2024. Announcement • Jun 19
Ecolab Inc. to Report Q2, 2024 Results on Jul 30, 2024 Ecolab Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 30, 2024 Announcement • Jun 05
Ecolab Life Sciences and Repligen Announce the Commercial Launch of DurA Cycle Affinity Resin for Large-Scale Biologic Manufacturing Ecolab announced that its Purolite resin business, together with Repligen Corporation announced the commercial launch of Purolite's DurA Cycle, a protein A chromatography resin for large-scale purification processes. This new affinity resin is being introduced at the BIO International Convention (BIO 2024), being held June 3-6 in San Diego. This latest innovation marks a significant milestone in Purolite's long-term strategic partnership with Repligen, further solidifying Ecolab's dedication to driving advancements in the bioprocessing industry. DurA Cycle is designed for large-scale commercial manufacturing of monoclonal antibodies, where cost of goods is critical for biologic drug developers. This new resin represents the latest addition to Purolite's toolbox, following two new resins launched in the last eighteen months to address purification challenges associated with ever-increasingly complex drugs. The announcement of Purolite's latest resin follows news of its investment in a new bioprocessing production facility based in Landenberg, PA, which complements its UK-based facility, providing dual continent manufacturing capabilities to address growing customer demand. Announcement • May 15
Ecolab and HeiQ Introduces Synbiotic Cleaning Products at Interclean Ecolab and HeiQ Chrisal have teamed up to launch the revolutionary Maxx Synbiotic cleaning range at Interclean in Amsterdam, The Netherlands. Ecolab, a global sustainability leader offering water, hygiene, and infection prevention solutions and services, and HeiQ Chrisal, a leading biotech innovator, are proudly collaborating to introduce advanced synbiotic cleaning products to the European cleaning industry. At Interclean in Amsterdam, May 14-17, the Maxx Synbiotic range will be introduced to the professional cleaning industry throughout Europe. Harnessing the power of pre- and probiotics, the 50 billion probiotics per liter of Maxx Synbiotic deliver immediate, continuous, and microscopic-level cleaning, highly efficient odor reduction, long-lasting efficacy, and support for a well-balanced microbiome on surfaces. HeiQ's synbiotic cleaning technology was validated in several scientific studies, e.g. the landmark study published in May 2023 in The Lancet by renowned Charité University Hospital Berlin. Announcement • May 03
Ecolab Inc. Declares Regular Quarterly Cash Dividend, Payable on July 15, 2024 The board of directors of Ecolab Inc. declared a regular quarterly cash dividend of $0.57 per common share, to be paid July 15, 2024, to shareholders of record at the close of business on June 18, 2024. Announcement • Mar 20
Ecolab Inc. to Report Q1, 2024 Results on Apr 30, 2024 Ecolab Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 30, 2024 Announcement • Feb 23
Ecolab Inc. Appoints Judson Althoff to Board of Directors The board of directors of Ecolab Inc. has appointed Judson Althoff, Microsoft’s chief commercial officer, to the Ecolab board, effective February 21, 2024. Mr. Althoff will serve as an independent director and a member of the Audit and Finance Committees. Mr. Althoff, age 51, is a seasoned leader with extensive global executive and technology experience. He currently serves as executive vice president and chief commercial officer at Microsoft Corp., where he is responsible for the sales strategy, execution and revenue growth of the company’s commercial business, which spans enterprise, public sector, small and medium businesses, services, developer and partner communities in more than 120 regional and national subsidiaries globally. Under his leadership, Microsoft has posted uninterrupted growth in commercial cloud revenue and has consistently partnered with customers to deliver new technology innovations. Prior to joining Microsoft in 2013, Mr. Althoff held senior executive and sales roles at Oracle and EMC. He is a graduate of the Illinois Institute of Technology, where he earned a Bachelor of Science (Mechanical Engineering). Announcement • Jan 11
Ecolab Inc. to Report Q4, 2023 Results on Feb 13, 2024 Ecolab Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 13, 2024 Announcement • Dec 08
Ecolab Inc. Declares Quarterly Cash Dividend, Payable on January 16, 2024 The board of directors of Ecolab Inc. declared an 8% increase in the company’s quarterly cash dividend to $0.57 per common share, to be paid January 16, 2024, to shareholders of record at the close of business on December 19, 2023. This increase results in a new indicated annual cash dividend of $2.28 per share in 2024 and represents Ecolab’s 32nd consecutive annual dividend rate increase. Announcement • Nov 01
Ecolab Inc. Provides Earnings Guidance for the Year 2024 Ecolab Inc. provided earnings guidance for the year 2024. For the year, the company expects good sales growth, driven by new business gains and continued pricing actions, improved SG&A productivity, and attractive operating income margin expansion. Announcement • Sep 21
Ecolab Inc. to Report Q3, 2023 Results on Oct 31, 2023 Ecolab Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 31, 2023 Announcement • Jun 15
Ecolab Inc. to Report Q2, 2023 Results on Aug 01, 2023 Ecolab Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 01, 2023 Announcement • May 26
Jeffrey M. Ettinger Resigned from the Board of Directors of Ecolab Inc Ecolab Inc. announced following his appointment as the Interim President of the University of Minnesota, Jeffrey M. Ettinger resigned from the Board of Directors (the “Board”) of Ecolab Inc. (the “Company”), including his roles on the Company’s Compensation & Human Capital Management and Governance Committees, effective as of May 23, 2023. Mr. Ettinger’s resignation was not due to any disagreement with the Company. Announcement • May 05
Ecolab Inc. Declares Regular Quarterly Cash Dividend, Payable on July 17, 2023 The board of directors of Ecolab Inc. declared a regular quarterly cash dividend of $0.53 per common share, to be paid July 17, 2023, to shareholders of record at the close of business on June 20, 2023. Announcement • Jan 06
Ecolab Inc. to Report Q4, 2022 Results on Feb 14, 2023 Ecolab Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 14, 2023 Announcement • Nov 19
Ecolab Inc. Announces Leaving of Timothy P. Mulhere, Executive Vice President – Special Initiatives – Institutional, Effective December 31, 2022 On November 16, 2022, Ecolab Inc. and Timothy P. Mulhere, Executive Vice President – Special Initiatives – Institutional of the Company, who will be leaving the Company effective December 31, 2022. Announcement • Sep 28
Ecolab Inc. Appoints Darrell R. Brown as President and Chief Operating Officer, Effective Oct. 1, 2022 Ecolab Inc. announced that Darrell R. Brown, currently executive vice president and president, Global Industrial, will become president and chief operating officer (COO) effective Oct. 1, 2022. Brown, 59, has served as executive vice president and president of the Global Industrial group since 2019. Earlier, he was executive vice president and president of Ecolab’s Energy Services Division. Darrell joined Ecolab in 2002 and has held several leadership positions within the company, including executive vice president and president, Europe; executive vice president, Asia Pacific; and vice president and general manager forAustralia and New Zealand. Announcement • Sep 21
Ecolab Inc. to Report Q3, 2022 Results on Nov 01, 2022 Ecolab Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 01, 2022 Announcement • Jun 16
Ecolab Inc. to Report Q2, 2022 Results on Jul 26, 2022 Ecolab Inc. announced that they will report Q2, 2022 results Pre-Market on Jul 26, 2022 Board Change • May 24
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. President, CEO & Chairman of the Board Christophe Beck was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 06
Ecolab Inc. Declares Regular Cash Dividend, Payable on July 15, 2022 The board of directors of Ecolab Inc. declared a regular quarterly cash dividend of $0.51 per common share, to be paid July 15, 2022, to shareholders of record at the close of business on June 21, 2022. Announcement • Feb 25
Ecolab Inc. Declares Regular Quarterly Cash Dividend, Payable on April 15, 2022 The board of directors of Ecolab Inc. declared a regular quarterly cash dividend of $0.51 per common share, to be paid April 15, 2022, to shareholders of record at the close of business on March 15, 2022. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CHF172, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 39x in the Chemicals industry in Switzerland. Simply Wall St's valuation model estimates the intrinsic value at CHF252 per share. Announcement • Jan 22
Ecolab Inc. Provides Sales Guidance for the Full Year of 2022 Ecolab Inc. provided sales guidance for the full year of 2022. Ecolab expects continued strong sales and pricing momentum in 2022. Announcement • Dec 02
Ecolab Inc. (NYSE:ECL) completed the acquisition of Bro-Tech Corporation from Stefan E. Brodie and Don B. Brodie. Ecolab Inc. (NYSE:ECL) entered into a Stock and Asset Purchase Agreement to acquire Bro-Tech Corporation from Stefan E. Brodie and Don B. Brodie in a deal valued at $3.7 billion on October 28, 2021. The consideration will be paid in cash. Purolite will operate as a separate global business unit and its overall results will be reported within Ecolab’s Life Sciences division. Ecolab will pay approximately $3.7 billion in cash, utilizing approximately $800 million of cash on the company’s balance sheet and low-cost debt for the balance. The transaction is expected to close in the fourth quarter of 2021, subject to regulatory clearance and other customary closing conditions. No other details were announced. The acquisition is expected to be neutral in 2022 and nearly $0.10 accretive in 2023 to adjusted earnings per share; transaction amortization expected to be approximately $0.26 per share. This transaction is expected to be accretive to our sales growth. J.P. Morgan Securities acted as exclusive financial advisor to Ecolab. Dieter Schmitz, Teisha Johnson, Elizabeth Ebersole, Christopher G. Guldberg, Christian Burholt, John Watson, Rod Hunter, Maurice Bellan, Kerry Contini, Mauricio Pacheco, Cherrie Shi, Sarah Winston, Felipe Ferenzini, Phillip J. Taylor, Christopher M. Bartoli, Kai R. Kramer, Lisa Rosaya, Hugo Dubovoy, Andrew Martin, Jannan Crozier, Weronika Achramowicz and Michelle Carr from Baker McKenzie acted as legal counsel for Ecolab. Centerview Partners LLC acted as exclusive financial advisor to the company. Stephen Arcano, Armando Gomez, Eric Sensenbrenner, Jared Binstock, David Rievman and Neil Stronski from Skadden, Arps, Slate, Meagher & Flom LLP served as a legal advisor for Bro-Tech Corporation. Simpson Thacher & Bartlett LLP represents J.P. Morgan Securities as financial advisor to Ecolab Inc. in Its $3.7 Billion acquisition of Purolite. The Simpson Thacher team includes Caroline Gottschalk (M&A).
Ecolab Inc. (NYSE:ECL) completed the acquisition of Bro-Tech Corporation from Stefan E. Brodie and Don B. Brodie on December 1, 2021. Recent Insider Transactions • Nov 11
Executive VP recently sold CHF604k worth of stock On the 4th of November, Michael McCormick sold around 3k shares on-market at roughly CHF209 per share. In the last 3 months, there was an even bigger sale from another insider worth CHF1.0m. Insiders have been net sellers, collectively disposing of CHF5.6m more than they bought in the last 12 months. 
