01—Abstract
Summary
Summary of the 8-K filed October 27, 2009. Cited figures are marked; the original filing is the authoritative source.
Ecolab Inc. (ECL) filed a Form 8-K on October 27, 2009, to report its third-quarter financial results for the period ending September 30, 2009.
The filing primarily serves to attach a press release detailing the company's earnings, which is incorporated by reference. This 8-K highlights the company's practice of disclosing non-GAAP pro forma diluted earnings per share, which excludes special gains, charges, and discrete tax items. Ecolab's management believes this non-GAAP measure provides investors with a clearer understanding of the underlying business performance by removing the impact of non-recurring items, thus enabling better comparisons between current and prior periods.
Investors should note that while the press release provides these adjusted earnings figures, the 8-K itself is primarily a notification and attachment of this information. The company emphasizes that this disclosure is intended to facilitate comparison and understanding of operational trends, aligning with common investor interest in normalized financial performance. The attached news release, accessible on Ecolab's website and filed as an exhibit, contains the specific financial data for the quarter and comparative periods.
02—Key points
Key Highlights
- Ecolab Inc. announced its third-quarter 2009 earnings on October 27, 2009.
- The company filed a Form 8-K to report its financial results and operations for the period ending September 30, 2009.
- The filing includes a press release (Exhibit 99) which is incorporated by reference.
- Ecolab disclosed non-GAAP pro forma diluted earnings per share for the third quarter of 2009 and 2008.
- These non-GAAP measures exclude special gains, charges, and discrete tax items.
- Management believes these adjusted figures enhance investor understanding of underlying business performance by removing non-recurring impacts.
- 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 report Ecolab Inc.'s financial results for the third quarter ended September 30, 2009, and to attach the related press release as an exhibit.
What type of earnings per share (EPS) is Ecolab reporting?
Ecolab is reporting non-GAAP pro forma diluted earnings per share, which excludes special gains and charges and discrete tax items. They also provide GAAP EPS as per standard reporting, but emphasize the non-GAAP measure for underlying performance comparison.
Why does Ecolab provide non-GAAP financial measures?
Ecolab's management believes that providing non-GAAP pro forma diluted EPS helps investors better understand the company's underlying business performance. By excluding non-recurring items, it facilitates more meaningful comparisons of operating results between current and prior periods.
Where can I find the detailed financial information mentioned in this filing?
The detailed financial information is primarily contained within the News Release dated October 27, 2009, which is attached as Exhibit (99) to this Form 8-K and incorporated by reference. This news release is also available on Ecolab's website at www.ecolab.com.
04—Continue