News
Ecolab Reports 8% Increase in 3rd-Quarter Sales
October 31, 2023
Ecolab Inc. has reported third-quarter net sales of US$3.95 billion, an increase of 8% from $3.66 billion a year ago.
Ecolab’s third-quarter operating income increased to $566 million, up 17% from $483 million in the same quarter a year earlier. Sales in the company’s global institutional and specialty division jumped 12% to $1.3 billion, while its global industrial division increased sales 4% to $1.82 billion. Ecolab’s global healthcare and life sciences division saw sales climb 11% to $400.7 million.
“Ecolab continued to deliver very strong sales and earnings growth despite unpredictable macro conditions. Consistent execution by our team drove further pricing, accelerating volume trends, and very strong organic operating income growth. Importantly, organic operating income margin continued to expand significantly, driven by robust gross margin expansion,” 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.
