Ecolab Inc. · NYSE:ECL
Ecolab — Q3 2014 Earnings Presentation
8 slides from Ecolab's earnings presentation, Oct 28, 2014
Slide 1: Third Quarter 2014 Teleconference Supplemental Data
Ecolab Third Quarter 2014 Teleconference Supplemental Data Please see Ecolab’s news release dated Ocotber 28, 2014 for additional information, including with respect to the use of certain non-GAAP financial measures, such as fixed currency sales, adjusted operating income, adjusted fixed currency op
Slide 2: Cautionary Statement
Cautionary Statement Forward-Looking Information This communication contains forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding our future financial and bus
Slide 3: 3Q Overview
3Q Overview Earnings: Adjusted EPS +16% Record adjusted EPS $1.21, +16% Record reported EPS $1.19, +19% Sales: Solid growth Reported, fixed currency and acquisition adjusted fixed currency sales +6%, led by Energy, Specialty and Other growth with strong gains in Latin America and good resu
Slide 4: 3Q 2014 Results
3Q 2014 Results Third Quarter Ended September 30 (unaudited) Reported Adjusted* Third Quarter % Third Quarter % (Millions, except per share) 2014 2013 change 2014 2013 change Net Sales $3,694.9 $ 3,484.0 6% $3,694.9 $ 3,484.0 6% Operating Income 571.4 476.0 20% 579.2 510.1 14% Net Income Attributabl
Slide 5: 3Q 2014 Sales Growth Detail
3Q 2014 Sales Growth Detail Fixed Rate Acq./Div. Adj. Global Industrial % Change % Change Consolidated % Change Water 4% 3% Volume & mix 5% F&B 4% Pricing 1% Paper -2% -3% Subtotal 6% Textile Care -4% Acq./Div. 0% Total Global Industrial 3% 2% Fixed currency growth 6% Currency impact 0% Global Insti
Slide 6: 3Q 2014 Income Statement / Margins
3Q 2014 Income Statement / Margins ($ millions) 2014 % sales 2013 % sales % change Comments Gross Profit $1,724.3 46.7% $1,617.9 46.4% 7% Adjusted for special charges, the 2014 gross margin was 46.7% and 2013 was 46.6%. The 10 bps margin improvement in 2014 was the result of volume gains, pricing an
Slide 7: 3Q 2014 Balance Sheet / Cash Flow
3Q 2014 Balance Sheet / Cash Flow Summary Balance Sheet September 30 September 30 ($ millions) 2014 2013 2014 2013 Cash and cash eq. $197.8 $394.4 Short-term debt $1,922.8 $713.2 Accounts receivable, net 2,694.4 2,488.9 Accounts payable 1,047.3 926.6 Inventories 1,464.4 1,378.1 Other current liabili
Slide 8: Forecast
Forecast 4Q 2014 Sustained global focus on new business and innovation drive solid sales growth Continued integration and synergy delivery drive continued margin expansion Adjusted EPS +13% to 17% 2014 Continued great execution delivers 18% to 19% adjusted EPS growth • Maintain focus on