Skip to main content

Ecolab net income jumps 47 percent in 2Q after acquisition

St. Paul-based Ecolab posted second quarter sales that jumped 74 percent to $3 billion thanks to its December acquisition of liquid filtration giant Nalco, the Star Tribune reports. Excluding Nalco, sales rose 3 percent during the quarter. All combined, net income jumped an impressive 47 percent to $184.5 million, or 62 cents a share.
  • Author:
  • Updated:
    Original:

St. Paul-based Ecolab posted second quarter sales that jumped 74 percent to $3 billion thanks to its December acquisition of liquid filtration giant Nalco, the Star Tribune reports. Excluding Nalco, sales rose 3 percent during the quarter. All combined, net income jumped an impressive 47 percent to $184.5 million, or 62 cents a share.

Next Up

Crane Lake

Flooding expected to worsen in MN's Arrowhead region

Hundreds of private homes are at-risk in northern St. Louis County.

St. Paul Police crash

St. Paul police: Kids in stolen car rammed squad, hid in porta-potty

The incident sent the Minnesota Capitol into a brief lockdown.

IMG_7030

Watch: Storm updates after heavy hail slams Twin Cities

Sven Sundgaard is providing an update after Thursday's flash hail storm.

kim crockett facebook sos

MN GOP apologizes over antisemitic sequence in candidate's campaign video

Party leader says candidate didn't know the imagery perpetuated an antisemitic trope.

storm, severe

Tornado, severe thunderstorm watches issued in Minnesota

In addition to possible tornadoes, there is a threat for damaging winds and very large hail.

House sale keys door

High prices, stiff competition putting off homebuyers in Twin Cities

Prices continue to rise in the metro, but there are signs of buyer fatigue.

Screen Shot 2022-05-19 at 1.59.51 PM

Series of explosions at manufacturing plant injures 6 in Wisconsin

The blast rocked the Wisconsin town just before 7:45 a.m.

police lights squad car dark - Unsplash

Medford man dies in Le Sueur County crash

The 49-year-old was not wearing a seatbelt at the time of the crash.

Denisovan molar

MN researcher part of team behind 'revolutionary' discovery of ancient tooth in Laos

The molar found in a remote cave is believed to have belonged to a Denisovan girl who lived 164,000-130,000 years ago.

Eagle Ridge Middle School

Charges: Sting catches MN principal trying to hire child prostitute

Authorities alleged Mohamed Selim attempted to meet a 15-year-old girl for sex on Tuesday.

cub donuts 1

Nominate a 'local hero' to get a dozen Cub donuts from Salvation Army

The organization is looking for 1,000 volunteers to help with the effort in the metro.

Related

Ecolab's net income, sales surge in third quarter

Ecolab Inc., the St. Paul-based cleaning and pest-control giant, says its net sales jumped 74 percent to $3 billion in the third quarter, RTTNews.com reports. Net income was also up 54 percent compared to the same period a year earlier.

Ecolab sees record sales in first quarter, but acquisition costs stifle earnings

The St. Paul-based maker of cleaning products is feeling the effects of its merger with the water treatment company Nalco Holding. Revenue was up 85 percent in the first quarter, but the cost of integrating the two companies sent earnings downward.

Capella Education reports net income fell 25 percent in 2Q

The Minneapolis-based for-profit education provider reports total active student enrollment in the second quarter fell 4.6 percent and new enrollment declined by 6 percent. Capella says third-quarter enrollment could increase for the first time in nearly two years.

UnitedHealth 2Q net income rises 5.5%

Rising enrollments for Medicare and Medicaid plans helped boost Minnetonka-based UnitedHealth Group in the second-quarter. The biggest U.S. health insurer says net income rose 5.5 percent to trump Wall Street expectations.

Hormel 2Q profit jumps 17 percent to beat Wall Street predictions

The Austin-based food maker says strong demand for its Jennie-O products and Spam helped boost sales in the quarter that ended in April.

Ecolab to acquire chemical company Champion for $2.2 billion

St. Paul-based Ecolab plans to buy Houston-based Champion Technologies Inc. for about $2.2 billion in cash and stock to complement last year’s purchase of Nalco Holding Co. and grab a larger share of the oilfield-chemicals business, Bloomberg News reports.