Ecolab Second Quarter Results

Ecolab Inc. (ECL) released its second quarter results on Wednesday, July 28, 2021. The company reported net earnings of $1.08 per share for the second quarter ending June 30, 2021. Earnings for this past quarter were up 115 percent compared to the same period a year ago.

The company was founded in 1923 and is headquartered in St. Paul, Minnesota. Ecolab Inc. provides water, hygiene, and infection prevention solutions and services worldwide. Its Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, and petrochemical industries.

Ecolab's revenue decreased 13 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 41.81% for the second quarter compared to the same period in the previous year, and operating margins increased to 14.66% over the same period. Net earnings for past trailing twelve months were $1050.9 million, down 20% from the prior year.

Moving on to the balance sheet, Ecolab's cash levels jumped 2% for the second quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 19.03% this past year. The current ratio for Ecolab now stands at 1.91. The company decreased shares outstanding by 1.14%.

Shares of ECL are currently trading around $219.13. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 60.13 and price to book ratio of 9.43.

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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Thursday, July 29, 2021.