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Non-Tech : Ecolab, Inc. (ECL)
ECL 256.40-0.3%Oct 31 9:30 AM EDT

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From: JakeStraw7/28/2009 9:28:49 AM
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Ecolab Delivers at Top End of Forecasted Range
finance.yahoo.com

Commenting on the quarter, Douglas M. Baker, Jr., Ecolab’s Chairman, President and Chief Executive Officer said, “Results were on target, and we are very pleased with our progress. We generated strong new account growth, appropriate pricing and significant cost savings to offset weak market conditions and higher raw material costs, yielding the good pro forma earnings improvement. Our team continues to deliver in spite of tough conditions.

Ecolab has tightened its expected pro forma earnings per share forecast, which excludes special gains and charges and discrete tax items, for the full year ending December 31, 2009 to $1.96 to $2.02 from the previous forecast of $1.95 to $2.05.
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