NYSE$ECL
Ecolab Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Ecolab's fourth quarter results reflected strong sales growth, driven by accelerated pricing and further robust new business wins, partially offset by increased COVID-related effects and delivered product cost inflation.
Ecolab reported a 10% increase in sales from continuing operations and an adjusted EPS of $1.28, a 4% increase versus last year, driven by pricing and volume growth, and lower pension and interest expense, offset by higher delivered product costs.
- Strong fourth quarter sales growth was partially offset by increased COVID-related effects and a near doubling of delivered product cost inflation and supply constraints compared to the third quarter.
- Reported sales from continuing operations increased by 10% versus last year, with acquisition adjusted fixed currency sales up by 9%.
- Reported diluted EPS from continuing operations was $1.04, flat versus last year.
- Adjusted diluted EPS from continuing operations, excluding special gains and charges, discrete tax items and the impact of the Purolite transaction, was $1.28, a 4% increase versus last year.
Headline financials
Revenue & EPS history
Ecolab · Revenue · Quarterly
$3.37B
Revenue by segment
Ecolab · $1.37B total across 2 segments · Q4 2021
- Global Institutional & Specialty$1.05B+19.3%76.8%
- Global Pest Elimination$318M+12.4%23.2%
Forward guidance
Ecolab anticipates continued strong sales gains with adjusted diluted earnings per share growth reaching low-teens levels for the full year 2022, assuming inflation and supply constraints ease as the year progresses.
Tailwinds
- Strong business momentum
- Very healthy sales growth
- Robust new business wins
- New innovation
- Increased pricing
Headwinds
- COVID impacts to remain significant during the first half of the year
- Inflation to remain high before it progressively eases during the second half of the year
- Cost impacts to remain especially strong in the first quarter of 2022, even slightly higher than those experienced in the fourth quarter
- First quarter to show a flattish year-over-year earnings per share comparison
- Continued high raw material and freight costs
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
+0.1%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+1.3%
Avg return
30 days after
58%
42 / 73 earnings
Positive
+10.9%
Q4 2022
Best reaction
-12.6%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.8% | -3.1% | -3.1% | |
| Q4 2025 | +4.0% | +3.8% | -4.3% | |
| Q3 2025 | -4.1% | -8.3% | -1.7% | |
| Q2 2025 | +0.4% | +2.9% | +1.8% | |
| Q1 2025 | +3.3% | +6.8% | +10.6% | |
| Q4 2024 | +6.2% | +7.6% | +2.1% | |
| Q3 2024 | -1.5% | -4.6% | -3.4% | |
| Q2 2024 | -6.9% | -4.3% | +0.9% | |
| Q1 2024 | +1.5% | +2.6% | +3.2% | |
| Q4 2023 | +6.9% | +1.7% | -1.4% | |
| Q3 2023 | +5.1% | +9.8% | +20.5% | |
| Q2 2023 | +1.0% | -0.3% | +0.4% | |
| Q1 2023 | +2.7% | +2.9% | +0.2% | |
| Q4 2022 | +10.9% | +9.8% | +7.4% | |
| Q3 2022 | -12.6% | -14.2% | -3.3% | |
| Q2 2022 | -1.3% | +1.5% | +5.0% | |
| Q1 2022 | -2.9% | -3.6% | -6.5% | |
| Q4 2021 | -0.1% | -2.3% | -6.1% | |
| Q3 2021 | -0.2% | +0.3% | +4.4% | |
| Q2 2021 | -0.0% | +0.8% | +1.8% | |
| Q1 2021 | -2.1% | -1.2% | -4.7% | |
| Q4 2020 | -5.0% | -5.4% | -4.7% | |
| Q3 2020 | -6.5% | -7.4% | +10.0% | |
| Q2 2020 | -8.1% | -11.8% | -6.8% | |
| Q1 2020 | +5.4% | +1.3% | +12.7% | |
| Q4 2019 | +1.4% | +0.1% | -23.0% | |
| Q3 2019 | +1.1% | -0.3% | -2.4% | |
| Q2 2019 | +0.6% | -0.3% | +3.2% | |
| Q1 2019 | -1.1% | +0.3% | -0.6% | |
| Q4 2018 | +1.1% | +2.2% | +7.5% | |
| Q3 2018 | +4.5% | +5.5% | +8.1% | |
| Q2 2018 | +2.8% | +4.5% | +6.7% | |
| Q1 2018 | -0.4% | +0.4% | -1.5% | |
| Q4 2017 | -1.2% | -0.5% | +2.0% | |
| Q3 2017 | +0.3% | +0.4% | +3.8% | |
| Q2 2017 | +0.9% | +0.9% | +1.2% | |
| Q1 2017 | -2.8% | -2.2% | +3.5% | |
| Q4 2016 | -0.7% | +1.3% | +0.2% | |
| Q3 2016 | -1.9% | -3.1% | +3.8% | |
| Q2 2016 | +2.3% | +3.4% | +3.7% | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | -5.5% | — | — | |
| Q3 2015 | -0.3% | — | — | |
| Q2 2015 | +6.4% | — | — | |
| Q1 2015 | -1.4% | — | — | |
| Q4 2014 | +3.8% | — | — | |
| Q3 2014 | -2.2% | — | — | |
| Q2 2014 | -1.5% | — | — | |
| Q1 2014 | -0.9% | — | — | |
| Q4 2013 | +0.5% | — | — | |
| Q3 2013 | +3.0% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | +1.2% | — | — | |
| Q4 2012 | +6.2% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | -3.6% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2011 | -4.2% | — | — | |
| Q3 2011 | -4.6% | — | — | |
| Q2 2011 | -3.5% | — | — | |
| Q1 2011 | +2.5% | — | — | |
| Q4 2010 | +2.4% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q1 2009 | -1.7% | — | — | |
| Q1 2010 | +1.2% | — | — | |
| Q4 2007 | +0.5% | — | — | |
| Q4 2009 | +0.5% | — | — | |
| Q3 2009 | +2.2% | — | — | |
| Q3 2008 | +2.2% | — | — | |
| Q2 2009 | +0.0% | — | — | |
| Q2 2008 | +0.0% | — | — | |
| Q4 2008 | +0.0% | — | — |
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