Summary
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.
Key Highlights
- 1Ecolab Inc. announced its second quarter 2009 financial results on July 28, 2009, via an 8-K filing.
- 2The 8-K filing incorporates a press release detailing the company's earnings for the quarter ended June 30, 2009.
- 3Ecolab is reporting non-GAAP pro forma diluted earnings per share.
- 4The non-GAAP measure excludes special gains and charges, and discrete tax items.
- 5Management believes this non-GAAP reporting enhances investors' understanding of underlying business performance.
- 6The exclusion of non-recurring items allows for better comparison of current and prior period operating results.
- 7The press release will also be available on Ecolab's website (www.ecolab.com).