Ecolab boosts second quarter sales

Ecolab CEO says the company now enters the second half of 2022 in a strong position.

Ecolab Inc has reported second quarter net sales of US$3.26 billion, a rise of 13 per cent from $3.162 billion one year earlier.

Ecolab’s second quarter profit dipped slightly from $310 million, or $1.08 per share, one year ago to $308 million, or $1.08 per share.

Sales in the company’s global institutional and specialty division jumped 18 per cent to $1.1 billion while its global industrial division increased sales 13 per cent to $1.7 billion.

Ecolab’s global health care and life sciences division saw sales soar 37 per cent from $292 million to $400 million in the second quarter of 2022.

Christophe Beck, Ecolab’s chairman and CEO, said, the company now enters the second half of 2022 in a strong position.

“With the global energy surcharge mechanism implemented, total pricing is expected to accelerate further to keep us ahead of inflation, resulting in easing year-over-year margin pressure going forward,” said Beck.

“As we also prepare for a potentially more challenging macroeconomic environment, our primary focus will now shift to new business development to support our strong topline momentum.”

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