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Ecolab Inc ECL

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Morningstar’s Analysis

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1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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No Changes to our Outlook for Ecolab as Company Announces CEO Transition; Shares Fairly Valued

Seth Goldstein, CFA Senior Equity Analyst

Analyst Note

| Seth Goldstein, CFA |

On Oct. 29, Ecolab announced that current CEO and board chair Doug Baker will retire as CEO effective Jan. 1, 2021. Baker will remain board chair. Current COO Christophe Beck will assume the CEO role. Beck was also elected to Ecolab's board of directors.

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Company Profile

Business Description

Ecolab produces and markets cleaning and sanitation products for the hospitality, healthcare, and industrial markets. The firm is the global market share leader in this category with a wide array of products and services, including dish and laundry washing systems, pest control, and infection control products. The company has a strong hold on the U.S. market and is looking to increase its profitability abroad. Additionally, Ecolab serves customers in water and energy end markets, selling customized solutions.

Contact
1 Ecolab Place
Saint Paul, MN, 55102
T +1 800 232-6522
Sector Basic Materials
Industry Specialty Chemicals
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 50,200

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