Ecolab Sets 4Q Guidance in Line With Market Consensus
31 Outubro 2023 - 9:54AM
Dow Jones News
By Dean Seal
Ecolab provided fourth-quarter earnings guidance that was in
line with analyst forecasts.
The water, hygiene and infection-prevention services company
said it expects adjusted earnings, which strip out one-time items,
of $1.48 to $1.58 a share for the fourth quarter.
Analysts surveyed by FactSet had been projecting $1.49 a
share.
Ecolab said it expects to deliver more price growth, volume
growth and gross margin expansion to hit that target. Special
one-time charges during the fourth quarter, largely related to
restructuring, are expected to be about 9 cents a share.
The outlook comes after third-quarter adjusted earnings came in
2 cents above the consensus estimate of analysts polled by
FactSet.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
October 31, 2023 08:39 ET (12:39 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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