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Ecolab Reports 9% Increase in 1st-Quarter Sales

Ecolab Inc. has reported first-quarter net sales of US$3.57 billion, an increase of 9% from $3.26 billion a year ago.

Ecolab’s first-quarter operating income increased to $351.6 million, up from $254.5 million in the same quarter a year earlier. Sales in the company’s global institutional and specialty division jumped 14% to $1.12 billion, while its global industrial division boosted sales 12% to $1.69 billion. Ecolab’s global health care and life sciences division saw sales rise 9% from $348.2 million to $378.6 million.

“We had a very strong start to 2023 with our team delivering continued double-digit organic sales growth, consistent with our expectations. We continued taking steps to further strengthen our growth foundation, like making investments in our life sciences business to capitalize on its long-term growth opportunities. Overall, our efforts drove organic operating income margin expansion with continued strong pricing and further productivity gains, in addition to easing but ongoing inflationary headwinds,” 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.