01—Abstract
Summary
Summary of the 8-K filed July 24, 2008. Cited figures are marked; the original filing is the authoritative source.
Ecolab Inc. (ECL) filed an 8-K on July 24, 2008, to report its second-quarter financial results for the period ending June 30, 2008.
The filing primarily serves to attach and incorporate by reference a press release detailing these earnings. Management highlighted the importance of presenting information that aids investors in comparing current and prior period operating results, specifically by disclosing the impact of discrete tax benefits from the second quarter of 2007 and special gains and charges from the second quarter of 2008. This approach aims to provide a clearer view of the company's underlying operational performance by excluding the effects of non-recurring items.
While the 8-K itself does not contain the detailed financial figures, it directs investors to the provided press release (Exhibit 99) for comprehensive earnings information. Investors seeking specific performance metrics, revenue figures, net income, and earnings per share for the second quarter of 2008 should refer to this attached document. The focus on comparable operating results suggests management's commitment to transparency and facilitating informed investment decisions.
02—Key points
Key Highlights
- Ecolab Inc. (ECL) reported its second-quarter 2008 earnings on July 24, 2008, via an 8-K filing.
- The primary purpose of the filing is to include the company's earnings press release as an exhibit.
- Ecolab's management believes in providing clarity on financial performance by adjusting for non-recurring items.
- The press release details the impact of discrete tax benefits from Q2 2007 and special gains/charges from Q2 2008.
- This adjustment is intended to facilitate a more accurate comparison of current and prior period operating results.
- Investors are directed to the press release (Exhibit 99) for detailed financial information and performance metrics.
- The furnished exhibit should not be considered 'filed' under the Securities Exchange Act of 1934.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to report Ecolab Inc.'s earnings for the second quarter of 2008. It primarily serves to attach and incorporate by reference the company's earnings press release, which contains the detailed financial results and management's commentary.
Where can I find the detailed financial results for Ecolab's second quarter of 2008?
The detailed financial results, including specific figures for revenue, net income, and earnings per share, are located in the press release issued by Ecolab on July 24, 2008. This press release is attached as Exhibit (99) to the 8-K filing and is also available on Ecolab's website at www.ecolab.com.
Why is Ecolab highlighting discrete tax benefits and special gains/charges?
Ecolab's management is highlighting these items to help investors better compare the company's current operating results with those of prior periods. By disclosing and potentially adjusting for discrete tax benefits from Q2 2007 and special gains/charges from Q2 2008, the company aims to provide a clearer view of its core operational performance, excluding the impact of these non-recurring events.
Is the information in the press release considered 'filed' with the SEC?
No, the press release (Exhibit 99) is furnished as part of this 8-K filing under Item 2.02. As stated in the filing, it should not be deemed to be 'filed' under the Securities Exchange Act of 1934.
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