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ECOLAB INC. 8-K Report (Jul 22, 2004)

Reports
Other Events
Filing Date
Filed July 22, 2004
Period End
July 22, 2004
Security
ECL
In the record · 2016–202610-K1110-Q328-K144

ECL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 144 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Sep ’16Sep ’16
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Deal closed8-K · Dec ’21Dec ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed July 22, 2004. Cited figures are marked; the original filing is the authoritative source.

Ecolab Inc. (ECL) reported its second quarter and six-month financial results for the period ending June 30, 2004, via an 8-K filing on July 22, 2004.

The company demonstrated strong growth, with consolidated sales increasing by 10% to $1 billiona for the second quarter compared to the prior year. Diluted net income per share saw a significant rise of 20% to $0.30, and net income grew by 17% to $78 million. This performance was positively influenced by a favorable currency translation impact of approximately $2.5 million in the second quarter.

The report breaks down performance by segment, highlighting growth in both U.S. and International Cleaning & Sanitizing operations. U.S. Cleaning & Sanitizing sales rose 5%b, while International Cleaning & Sanitizing sales increased 8% when measured at fixed currency rates. The company also actively managed its capital structure by reacquiring 180,000 shares of common stock during the quarter, signaling confidence and a commitment to shareholder value.

02—Key points

Key Highlights

  1. Consolidated sales grew 10% to $1 billion in Q2 2004, up from $946.7 million in Q2 2003.
  2. Diluted net income per share increased 20% to $0.30 in Q2 2004, compared to $0.25 in Q2 2003.
  3. Net income rose 17% to $78 million in Q2 2004.
  4. International Cleaning & Sanitizing sales grew 8% (at fixed currency rates) to $486 million in Q2 2004.
  5. U.S. Cleaning & Sanitizing sales increased 5% to $451 million in Q2 2004.
  6. Ecolab reacquired 180,000 shares of its common stock during the second quarter.
  7. A favorable currency translation impact of approximately $2.5 million benefited net income in Q2 2004.

03—Questions

Frequently Asked Questions

  1. What were Ecolab's key financial performance indicators for the second quarter of 2004?

    For the second quarter of 2004, Ecolab reported consolidated sales of $1 billion, a 10% increase year-over-year. Diluted net income per share grew 20% to $0.30, and net income rose 17% to $78 million.

  2. How did the different operating segments perform in the second quarter of 2004?

    Both domestic and international segments showed growth. U.S. Cleaning & Sanitizing sales increased by 5% to $451 million, while International Cleaning & Sanitizing sales grew 8% (on a fixed currency basis) to $486 million. U.S. Other Services sales also saw a 4% increase.

  3. What impact did foreign currency fluctuations have on Ecolab's Q2 2004 results?

    Currency translation had a favorable impact on net income, contributing approximately $2.5 million in the second quarter of 2004. Overall, International Cleaning & Sanitizing sales increased by 17% and operating income by 23% at public currency rates due to these favorable movements.

  4. Did Ecolab take any actions related to its share count during the quarter?

    Yes, Ecolab reacquired 180,000 shares of its common stock during the second quarter of 2004. This action can indicate management's confidence in the company's valuation and a commitment to returning value to shareholders.

04—Continue

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