Ecolab today reported second-quarter net income down 3% YOY, to $302.0 million, on sales down 5%, to $3.39 billion. Adjusted earnings totaled $1.08/share, up 5% YOY and matching analysts’ consensus estimate, as reported by Thomson Reuters (New York). Earnings and sales were hit by negative currency impacts, weak results in the global energy segments, and pension costs, Ecolab says. "We continue to expect strong mid-teens earnings per share growth in 2015 before the impact of currency as we significantly outperform our markets.
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