Ecolab to sell global surgical unit for $950 mln, lifts 2024 profit forecast [Reuters]
Ecolab Inc. (ECL)
Last ecolab inc. earnings: 4/28 08:30 am
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Source: Reuters
to private medical supplier Medline for $950 million in cash and raised its full-year profit forecast. The unit made more than $400 million in sales last year and supplies sterile drape solutions for surgeons, patients and operating room equipment. "This transaction builds on the deliberate actions we've taken to lay the foundation to transform our global healthcare business into a high-quality Ecolab business," said Ecolab CEO Christophe Beck. The deal is expected to close in the second half of the year. Ecolab also said it would continue to serve hospitals through its infection prevention and instrument reprocessing businesses, which provide environmental hygiene programs and cleaning and sterilization solutions for instruments. The St. Paul, Minnesota-based firm also raised its full-year adjusted profit forecast to between $6.40 and $6.70 per share, from its earlier estimate $6.10 to $6.50. The forecast assumes soft but stable macroeconomic demand and delivered product
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ECL
News
- Ecolab Inc. (NYSE: ECL) had its price target raised by analysts at UBS Group AG from $269.00 to $270.00. They now have a "buy" rating on the stock.MarketBeat
- Ecolab Inc. (NYSE: ECL) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $260.00 price target on the stock.MarketBeat
- Ecolab Releases 2023 Growth & Impact Report, Showcases Progress Toward Creating 2030 Positive Impact [Yahoo! Finance]Yahoo! Finance
- Ecolab Releases 2023 Growth & Impact Report, Showcases Progress Toward Creating 2030 Positive ImpactBusiness Wire
- IFMA's 2024 Gold Plate Award Goes to Chris Tomasso [Yahoo! Finance]Yahoo! Finance
ECL
Earnings
- 4/30/24 - Beat
ECL
Sec Filings
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- ECL's page on the SEC website