01—Abstract
Summary
Summary of the 8-K filed July 28, 2009. Cited figures are marked; the original filing is the authoritative source.
Ecolab Inc. (ECL) filed an 8-K on July 28, 2009, to report its second quarter 2009 financial results.
The filing primarily serves to incorporate by reference a press release announcing the company's earnings. This release provides key financial data for the quarter ended June 30, 2009, and comparable periods, offering investors insight into the company's operational performance. A significant aspect of the filing is the disclosure of non-GAAP pro forma diluted earnings per share.
Ecolab's management utilizes this metric to exclude special gains and charges, as well as discrete tax items. The company believes this approach provides a clearer understanding of the underlying business performance by removing the impact of non-recurring items, thereby facilitating more meaningful comparisons between current and prior period operating results for investors.
02—Key points
Key Highlights
- Ecolab Inc. announced its second quarter 2009 financial results on July 28, 2009, via an 8-K filing.
- The 8-K filing incorporates a press release detailing the company's earnings for the quarter ended June 30, 2009.
- Ecolab is reporting non-GAAP pro forma diluted earnings per share.
- The non-GAAP measure excludes special gains and charges, and discrete tax items.
- Management believes this non-GAAP reporting enhances investors' understanding of underlying business performance.
- The exclusion of non-recurring items allows for better comparison of current and prior period operating results.
- The press release will also be available on Ecolab's website (www.ecolab.com).
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 formally announce and provide access to Ecolab Inc.'s financial results for the second quarter ended June 30, 2009. It incorporates by reference a press release containing these earnings details.
What is the significance of the 'non-GAAP pro forma diluted earnings per share' disclosed?
The non-GAAP pro forma diluted earnings per share is a metric that excludes special gains/charges and discrete tax items. Ecolab's management uses this to present a view of the company's underlying business performance, removing the impact of one-time events to allow for clearer period-over-period comparisons.
Where can investors find the detailed financial information discussed in the 8-K?
The detailed financial information is contained within the News Release dated July 28, 2009, which is incorporated by reference into the 8-K filing as Exhibit (99). Ecolab also makes this press release available on its website at www.ecolab.com.
Does this filing include any new business initiatives or strategic changes?
This specific 8-K filing is primarily focused on reporting financial results and does not appear to disclose new business initiatives or strategic changes. Its core purpose is to communicate the company's quarterly earnings performance.
04—Continue