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December 3, 2012
08:06 EDTECLEcolab amends Champion acquisition agreement
Ecolab has amended its acquisition agreement with Permian Mud Service, the parent company of Champion Technologies and Corsicana Technologies, such that Championís downstream process and water solutions business will be spun-off to Permianís shareholders prior to the acquisition by Ecolab, and Ecolab will not acquire those specific operations. 2011 sales for the downstream business, which primarily serves refineries, were approximately $50M. Accordingly, the value of the transaction will be reduced to $2.16B from $2.2B, subject to further adjustment as provided in the acquisition agreement. Ecolab believes the amendment will not have a significant impact on the deal economics, and continues to expect the transaction to deliver approximately 12c accretion to adjusted diluted earnings per share in 2013 increasing to approximately 50c per share by 2016. Ecolab continues to expect closing of the Champion acquisition to occur by year-end 2012, subject to regulatory clearance and other customary closing conditions.
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July 28, 2015
08:34 EDTECLEcolab still sees FY15 EPS $4.45-$4.60, consensus $4.52
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08:33 EDTECLEcolab sees Q3 EPS $1.24-$1.31, consensus $1.31
Currency translation and pension are expected to have a combined negative impact of $0.11 per share in the third quarter 2015, or approximately 9% of earnings growth; this compares with a $0.09 per share, or 9%, negative impact in the second quarter 2015.
08:33 EDTECLEcolab reports Q2 EPS $1.08 ex-items, consensus $1.08
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