01—Abstract
Summary
Summary of the 8-K filed February 12, 2007. Cited figures are marked; the original filing is the authoritative source.
Ecolab Inc. (ECL) filed an 8-K on February 12, 2007, to report its fourth quarter and full-year results for 2006.
A key focus of this filing is the company's proactive approach to enhancing financial transparency for investors. Ecolab highlighted a $0.01a per share charge taken in the fourth quarter of 2005 related to the repatriation of foreign earnings under the American Jobs Creation Act of 2004.
Management believes that by disclosing this specific one-time charge, investors can more effectively compare the company's current operating results with prior periods, thereby gaining a clearer understanding of underlying business performance. This disclosure aims to provide a more comparable view of earnings, free from the impact of this non-recurring item.
02—Key points
Key Highlights
- Ecolab announced fourth quarter and full-year 2006 financial results on February 12, 2007.
- The company is providing context on a $0.01 per share charge from Q4 2005 related to foreign earnings repatriation.
- This charge was a one-time event associated with the American Jobs Creation Act of 2004.
- Ecolab's management believes clarifying this charge aids investor comparability of financial results.
- The news release containing these details is attached as an exhibit to the 8-K filing.
- The news release will also be available on Ecolab's corporate website.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report Ecolab's financial results for the fourth quarter and full year ended December 31, 2006, and to provide additional context regarding a non-recurring charge from a prior period to aid investor analysis.
What specific charge is Ecolab clarifying for investors?
Ecolab is clarifying a $0.01 per share charge that was recognized in the fourth quarter of 2005. This charge stemmed from the repatriation of foreign earnings under the American Jobs Creation Act of 2004.
Why is Ecolab highlighting this past charge?
Ecolab's management believes that by isolating and disclosing the impact of this one-time, non-recurring charge, investors will have an easier time comparing Ecolab's current period operating results with prior periods, leading to a more accurate assessment of ongoing business performance.
Where can I find the full details of the financial results and the explanation of the charge?
The detailed news release containing the financial results and the explanation of the charge is attached as Exhibit (99) to this 8-K filing and is also available on Ecolab's website at www.ecolab.com.
04—Continue