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Ecolab Inc. (ECL) | Acquisition Delayed-Adjusting Estimates | Finjitsu Research


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-01-15 00:02:20 -

Finjitsu Research - Associated Analysts

CHICAGO, IL - Jan. 11, 2013



Current Perspective Ecolab Inc. (ECL)

Potential acquisition of Champion Technologies delayed. 2012 EPS Range Narrowed
to $2.96-3.00 per share (from $2.95-3.02) -2013 EPS Guidance at $3.38-3.48 per
share. ECL adjusted its 2013 EPS forecast in order to reflect the delay in
closing its proposed acquisition of Champion Technologies and the $0.03 dilution
from the sale of Vehicle Care to Zep, which closed on December 3, 2012.

Previous Perspective Ecolab Inc. (ECL)

Accretive acquisition of Champion Technologies, complementary to Nalco's product
lines in energy sector - separately, raised expectations for Q3 '12. ECL
adjusted Q3 EPS expectations to $0.87 (only slightly above our estimates) in
order to reflect strong results for Energy Services, Kay and Latin America,
combined with moderating raw material costs, new products, synergies 
from Nalco ahead of schedule, and cost efficiencies. Champion will be acquired for a total of $2.2B (75% cash + 25% stock). For more information on this brief please visit: Ecolab Inc. (ECL) | Acquisition Delayed-Adjusting Estimates. For more general financial information about Ecolab Inc. (ECL), and other companies, please visit the Finjitsu Research Portal. About Finjitsu Research Finjitsu Research makes it easy for self-directed investors to acces hard-to- find Wall St. equity research. Finjitsu is an exclusive curator of stock research--with many publishers, in one place, all having a small and mid-cap focus.  In aggregating the reports of many high quality, niche research firms, Finjitsu is the only platform that makes it easy for individual investors to access hard-to-find investment research.  For investors who prefer a more personal interaction, Finjitsu Research can also provide a direct connection to Wall St. Analysts in a phone or online-chat format. For press inquiries, please contact questions@finjitsu.com Important Disclaimers This abstract was prepared by Finjitsu Research for convenience only and does not claim to be a complete description of the information contained in the report. This abstract is intended to be a general sample of the contents of the report. This abstract is qualified in its entirety by the full report, which is not avaiable on this website.  This report contains opinions that are inherently biased.  In addition, this report was prepared for general circulation and does not provide investment recommendations specific to individual investors. As such, the financial instruments discussed in this report may not be suitable for all investors and investors must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary.  To review additional important disclosures related to this report, please go to https://www.finjitsu.com/legal This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Finjitsu Research via Thomson Reuters ONE [HUG#1669938]


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