ST. PAUL, MN -- Ecolab Inc., a provider of water, hygiene and infection prevention solutions, delivered strong performance in the second quarter, largely due to organic sales growth.
The company posted a second quarter profit of $535 million, or $1.90 per share, on sales of $4.4 billion, compared to a profit of $524 million, or $1.84 a share, on revenue of $4.025 billion in last year’s second quarter.
“We delivered another quarter of double-digit EPS growth, driven by strong execution across the company which produced accelerating organic sales growth, a stable organic gross margin excluding the impact from Ovivo Electronics, and strong productivity,” said Christophe Beck, Ecolab’s chairman, president and CEO.
Growth in Ecolab's core businesses improved, led by accelerating growth in Food & Beverage, Institutional, and Light Water.
“As we indicated last quarter, the second quarter was a transition period,” said Beck. “We entered the quarter with higher commodity costs and little benefit from our energy surcharge. Our team executed extremely well, implementing the surcharge globally, strengthening pricing throughout the quarter, continuing to grow volumes, and stabilizing organic gross margin in just one quarter. With total pricing in the second half expected to be in the 5% to 6% range, we are very well positioned to offset higher commodity costs and deliver strong underlying performance.”
The recent close of the acquisition of CoolIT further strengthens Ecolab’s Global High-Tech growth engine, extending its leadership in water technologies, research, and services into the rapidly growing AI infrastructure market.
Ecolab’s Global High-Tech platform is now approaching $1.5 billion in annualized sales, and is expected to grow to $4 billion in sales by 2030, with operating income margins of 25%. This business the company’s largest growth engine and is expected to contribute more than two percentage points to Ecolab's annual sales growth one year after acquisition with increasing margins.
Ecolab’s second quarter reported sales increased 10%, and organic sales growth accelerated to 5%. Ecolab Digital sales increased 27% to $121 million, with strong growth across both enabling hardware subscriptions and software.
The reported income tax rate for the second quarter of 2026 was 22.3% compared with the reported rate of 19.9% in the second quarter of 2025. Excluding special gains and charges and discrete tax items, the adjusted tax rate for the second quarter of 2026 was 21.0% compared with the adjusted tax rate of 20.8% in the second quarter of 2025.
Long-term growth trends in water, hygiene, infection prevention, and digital technologies continue to fuel resilient demand for Ecolab’s innovative technologies and services.
The company has assets of $30 billion, and liabilities of $20 billion. |