Stock Analysis on Net
Stock Analysis on Net

Ecolab Inc. (NYSE:ECL)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 25, 2022.

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Paying user area

Try for free

Ecolab Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Apple Pay Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Ecolab Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Product and equipment sales
Service and lease sales
Net sales (legacy)
Net sales
Product and equipment cost of sales
Service and lease cost of sales
Cost of sales, including special charges (legacy)
Cost of sales, including special charges
Gross profit
Selling, general and administrative expenses
Special gains and (charges)
Operating income
Other income (expense)
Interest expense, net
Income before income taxes
Provision for income taxes
Net income from continuing operations
Net loss from discontinued operations, net of tax
Net income (loss) including noncontrolling interest
Net income attributable to noncontrolling interest
Net income (loss) attributable to Ecolab

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Sales Trends
Net sales showed growth from March 2017 through December 2019, reaching a peak near 3.82 billion US dollars. Beginning in 2020, sales declined sharply to approximately 3.02 billion in March 2020, with a further drop in the second quarter coinciding with the onset of the COVID-19 pandemic. Sales gradually recovered in the subsequent quarters of 2020 and 2021, though they remained below pre-pandemic levels by the end of 2021.
Breakdown of Sales Components
Product and equipment sales consistently represented the majority of net sales, but they followed a similar downward trend in 2020 with a low of approximately 2.16 billion in Q2 2020. Recovery was noted in 2021 with sales increasing each quarter. Service and lease sales followed a comparable pattern, decreasing significantly in early 2020 and recovering slowly through 2021.
Cost of Sales and Gross Profit
Cost of sales (including special charges) rose from 2017 through 2019, peaking above 2.2 billion US dollars annually. Costs declined in the first half of 2020 along with sales, before increasing again in late 2020 and continuing to rise into 2021. Gross profit mirrored these trends, showing strong performance in 2017 and 2018, a notable drop in 2020, and partial recovery in 2021, though it did not return to pre-2020 levels by year-end.
Operating Expenses and Operating Income
Selling, general and administrative expenses decreased starting in 2019, with a significant reduction in 2020, likely reflecting cost control measures during the pandemic. Operating income showed volatility, expanding from 2017 through 2019, shrinking sharply in early 2020, then partially rebounding in the following quarters, but declining slightly again toward the end of 2021.
Non-Operating Items
Other income remained relatively stable through the periods with minor fluctuations. Interest expense was fairly consistent but spiked substantially in Q3 2020, which may indicate increased borrowing or refinancing activities. Special gains and charges varied, with notable charges occurring intermittently, including substantial negative charges during 2020.
Profitability and Income Taxes
Income before taxes followed operating income trends, peaking in late 2019 before dropping sharply in 2020, with partial recovery thereafter. Provision for income taxes showed variability, including occasional negative values, which suggests tax benefits or adjustments. Net income from continuing operations was strong through 2019, declined dramatically in 2020, then showed a gradual recovery in 2021.
Extraordinary Items and Net Income
A significant net loss from discontinued operations was recorded in Q4 2019, amounting to over 2 billion US dollars, which heavily impacted overall net income in that quarter. Excluding this, net income attributable to the company followed the broader pattern of growth until 2019, sharp decline in 2020, and recovery in 2021, not fully reaching previous highs by the end of 2021.