News
Ecolab Increases 4th-Quarter Sales 9%
February 14, 2023
Ecolab Inc. has reported fourth-quarter net sales of US$3.67 billion, an increase of 9% from $3.36 billion a year ago.
Ecolab’s fourth-quarter profit increased to $399.2 million, up from $387.7 million in the same quarter a year earlier. Sales in the company’s global institutional and specialty division jumped 11% to $1.15 billion, while its global industrial division boosted sales 14% to $1.86 billion. Ecolab’s global health care and life sciences division saw sales climb 45% from $296.8 million to $431.1 million in the fourth quarter of 2022.
“We delivered the fourth quarter with strong operating performance in line with our expectations, finishing 2022 with good momentum as fixed currency adjusted operating income growth accelerated to 14%. Our sales growth remained strong with double-digit pricing that continued to exceed substantial delivered product cost inflation,” said Christophe Beck, Ecolab chairman and CEO.
About Ecolab
With annual sales of US$15 billion and more than 49,000 associates, Ecolab Inc. specializes in cleaning, sanitizing, food safety, and infection prevention products and services in more than 170 countries. For more information, visit www.ecolab.com.
