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Ecolab Profit Falls by Almost a Third

By Allison Prang

 

Ecolab Inc.'s profit fell by nearly a third, with net sales also declining in the fourth quarter.

Net income attributable to Ecolab fell 30% from a year earlier to $300.3 million for the quarter from $429.6 million. Earnings attributable to the company were $1.04 a share, down from $1.47 a share.

Adjusted earnings from continuing operations were $1.23 a share.

Net sales were $3.07 billion, down 5.5% from $3.24 billion.

"We expect to see the beginning of the Covid-19 recovery in our global end markets starting in the second quarter but believe it will take several quarters to fully realize a new normal," Ecolab Chief Executive and President Christophe Beck said in prepared remarks.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

February 16, 2021 09:06 ET (14:06 GMT)

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