Ecolab (NYSE: ECL ) reported earnings on Feb. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ecolab met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Gross margins dropped, operating margins grew, net margins expanded.
Ecolab recorded revenue of $3.05 billion. The 13 analysts polled by S&P Capital IQ foresaw a top line of $3.04 billion on the same basis. GAAP reported sales were 65% higher than the prior-year quarter's $1.85 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.89. The 16 earnings estimates compiled by S&P Capital IQ forecast $0.89 per share. Non-GAAP EPS of $0.89 for Q4 were 27% higher than the prior-year quarter's $0.70 per share. GAAP EPS of $0.77 for Q4 were 120% higher than the prior-year quarter's $0.35 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 46.0%, 180 basis points worse than the prior-year quarter. Operating margin was 14.1%, 160 basis points better than the prior-year quarter. Net margin was 7.6%, 280 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.01 billion. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $13.21 billion. The average EPS estimate is $3.50.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 272 members out of 286 rating the stock outperform, and 14 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give Ecolab a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ecolab is outperform, with an average price target of $76.35.
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