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.
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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.

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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.

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Ecolab has entered into an agreement with Bill & Melinda Gates Foundation Trust and other investors to allow Gates to acquire up to 25 percent of the St. Paul-based maker of cleaning products. Gates currently holds 11 percent of the company.

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.

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St. Paul-based Ecolab has agreed to sell all assets of its vehicle care business to Atlanta-based Zep Inc. for $120 million in cash, the Star Tribune reports. Zep makes cleaning and maintenance solutions for commercial, industrial, institutional and consumer end-markets.