Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessEcolab Preannounces Q2 Shortfall

Ecolab Preannounces Q2 Shortfall

Add to Favorite
Added to Favorite


Deutsche Bank analysts provided their views on Ecolab Inc. (NYSE:ECL) following the company’s preannounced Q2 shortfall, expecting earnings 8% below the Street estimates.
The driver of this shortfall is higher-than-expected raw material costs with delivered product costs now expected to be up 30% and more in Q2, compared to the previous expectation of up 30% year-over-year.
While the company has implemented a temporary energy surcharge of 8-12% to help deal with this unprecedented cost inflation, with only 1-plus month of the full surcharge benefit as it builds through the quarter but 3 full months of incremental energy costs, even with structural pricing (up an estimated 6-7%) and continued strong double-digit organic sales growth, Q2 earnings will fall below expectations. As a result, the company now views Q2 as a “transition” quarter as the surcharge gets implemented.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Revitty Incorporated’s Q3 Earnings Overview

Earnings per Share (EPS) of $0.935 missed the expected...

Exact Sciences Corporation (NASDAQ:EXAS) Shows Promising Growth in Cancer Diagnostics

Analysts' confidence in Exact Sciences is growing, with a...

Century Casinos, Inc. (NASDAQ:CNTY) Q3 Earnings Overview

Earnings per Share (EPS) fell short of estimates, reporting...