Ecolab Third Quarter 2024 Earnings: EPS Beats Expectations

Ecolab (NYSE:ECL) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.00b (up 1.0% from 3Q 2023).
• Net income: US$736.5m (up 82% from 3Q 2023).
• Profit margin: 18% (up from 10% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: US$2.60 (up from US$1.42 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ecolab EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Ecolab has 1 warning sign we think you should be aware of.

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