ECL · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

ECOLAB INC. · 2026-08-06 · Importance 61 · Surprise 32 · In source text

Cash provided by operating activities increased $104 million to $1.175 billion in the first six months of 2026, primarily from favorable working capital and higher earnings, partly offset by $60 million of Ovivo employee incentive payments. Ecolab held $5.1 billion of cash and equivalents at June 30, 2026, including $554 million outside the United States, to support the CoolIT Systems acquisition. The company had no commercial paper outstanding and no borrowings under its $2.0 billion revolving credit facility, which expires in March 2030. The U.S. and Euro commercial-paper programs were rated A-2 by S&P, P-2 by Moody’s and F-1 by Fitch.

Key facts

• Cash provided by operating activities for the six months ended June 30, 2026 was $1,175.4 million, an increase of $104.2 million versus the prior year. source
• Cash provided by operating activities increased by $104 million in the first six months of 2026 compared to the first six months of 2025, and was partially offset by $60 million of one-time equity incentive payments to Ovivo Electronics employees relating to the acquisition. source
• Cash provided by operating activities for six months ended June 30, 2026: $1,175.4 million source

Impact estimates