Key Developments: Ecolab Inc (ECL)
89.09USD
17 May 2013
$0.93 (+1.05%)
$88.16
$88.22
$89.09
$87.80
1,128,305
1,090,525
$89.22
$61.45
Latest Key Developments (Source: Significant Developments)
Ecolab Inc Declares Regular Quarterly Cash Dividend
Ecolab Inc announced that Board of Directors declared a regular quarterly cash dividend of $0.23 per common share, to be paid July 15, 2013 to shareholders of record at the close of business on June 18, 2013. Full Article
Ecolab Inc Issues Q2 2013 EPS Guidance Below Analysts' Estimates; Raises FY 2013 EPS Guidance
Ecolab Inc announced that for second quarter of 2013, it expects earnings per share (EPS) in the range of $0.81 to $0.85. For fiscal 2013, it continue to expect full year 2013 adjusted earnings per share, including expected Champion accretion, in the range of $3.45 to $3.55. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.86 for second quarter of 2013; EPS of $3.52 for fiscal 2013. Full Article
Ecolab Inc Closes on Purchase of Champion
Ecolab Inc announced that it has closed on its acquisition of Champion Technologies and its related company Corsicana Technologies. 2012 sales of the acquired business were approximately $1.3 billion. The total transaction value, including assumed debt, was approximately $2.3 billion. Full Article
Ecolab Inc Issues Q1 2013 EPS Guidance Below Analysts' Estimates; Reaffirms FY 2013 EPS Guidance-Conference Call
Ecolab Inc announced that for first quarter of 2013, it expects earnings per share (EPS) in the range of $0.56 to $0.60. For fiscal 2013, it continue to expect full year 2013 adjusted earnings per share, excluding expected Champion accretion, in the range of $3.38 to $3.48, representing 13% to 17% base growth. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.64 for first quarter of 2013 and EPS of $3.57 for fiscal 2013. Full Article
Ecolab Inc Declares Regular Dividend
Ecolab Inc announced that it has declared a regular quarterly cash dividend of $0.23 per common share, to be paid April 15, 2013 to shareholders of record at the close of business on March 5, 2013. Full Article
Ecolab Inc Reaffirms FY 2012 EPS Guidance
Ecolab Inc announced that for fiscal 2012, it expects adjusted diluted earnings per share in the $2.96-$3.00 range. Full Article
Ecolab Inc Announces Pricing of Senior Notes Offering
Ecolab Inc announced it has priced an underwritten public offering of $500 million of 1.450% senior notes due 2017. The offering is expected to close on December 13, 2012. Ecolab intends to use the net proceeds from the offering to finance a portion of the cash consideration to be paid in connection with its previously announced acquisition (the Champion Merger) of Permian Mud Service, Inc., the parent company of Champion Technologies and Corsicana Technologies (collectively, Champion). If the Champion Merger is not consummated, Ecolab may use all or a portion of the net proceeds for general corporate purposes or, under certain circumstances, together with any additional funds, as necessary, to fund the special optional redemption of the notes. Ecolab and Champion are targeting and working toward closing the Champion Merger by the end of the year; however, the Champion Merger is subject to customary closing conditions, including clearance under the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act). Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. are acting as joint book-running managers for the offering. Full Article
Ecolab Inc Increases Cash Dividend 15%
Ecolab Inc announced that the Board of Directors declared an increase in the Company`s quarterly cash dividend of 15% to $0.23 per common share, to be paid December 28, 2012 to shareholders of record at the close of business on December 18, 2012. This results in a new indicated annual cash dividend of $0.92 per share. Full Article
Zep Inc's Wholly Owned Subsidiary Completes Acquisition Of Ecolab Inc`s Vehicle Care Division
Zep Inc announced that a wholly owned subsidiary of the Company completed the purchase of the Vehicle Care division of Ecolab Inc., effective December 1, 2012 for approximately $120 million. Zep Inc. financed the acquisition using existing debt capacity. Full Article
Ecolab Inc Narrows FY 2012 EPS Guidance To A Range In Line With Analysts' Estimates; Issues Q4 2012 EPS Guidance In Line With Analysts' Estimates
Ecolab Inc narrowed its fiscal 2012 adjusted earnings per share (EPS) forecast to $2.96 to $3.00. Ecolab’s prior forecast was $2.95 to $3.02. For the fourth quarter of 2012, it expects adjusted earnings per share (EPS) in the $0.87 to $0.91 range. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.99 for fiscal 2012; EPS of $0.90 for the fourth quarter of 2012. Full Article
Clariant to buy Gulf of Mexico assets from Ecolab
ZURICH, April 15 - Swiss chemicals firm Clariant has signed a deal with Ecolab Inc to buy some of its deep water assets in the Gulf of Mexico but is not disclosing financial details.
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