ECL · 10-Q · 2026Q2

ECOLAB INC.

Filed 2026-08-06 · Industrials · View original filing on EDGAR

Ranked Events

• Interest Rate and Refinancing ExposureImportance 96 · Surprise 100
  In May 2026, Ecolab issued $5.0 billion of fixed-rate senior notes to fund the CoolIT Systems acquisition and for general corporate purposes. The notes comprised $1.2 billion of three-year notes at a 4.60% coupon, $0.9…
• Liquidity and Debt PositionImportance 96 · Surprise 100
  Cash and cash equivalents increased to $5,135.3 million at June 30, 2026 from $646.2 million at December 31, 2025, while total debt increased to $13,170.8 million from $8,125.3 million. In May 2026, Ecolab issued $5.0…
• Acquisitions and PartnershipsImportance 71 · Surprise 60
  Ecolab acquired Ovivo Electronics on December 16, 2025, for $1,595.8 million in cash, adding ultrapure-water technologies for semiconductor manufacturing to the Global Water segment. On July 2, 2026, Ecolab completed…
• Operating Cash Flow TrendsImportance 61 · Surprise 32
  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…
• Segment Revenue PerformanceImportance 59 · Surprise 48
  Second-quarter 2026 reported net sales increased to $4.415 billion from $4.025 billion, while first-half sales rose to $8.482 billion from $7.720 billion. Global Water generated $2.216 billion of second-quarter…
• Capital ExpendituresImportance 59 · Surprise 48
  Six-month capital expenditures increased 29.5% to $588.6 million from $454.6 million. Capital expenditures consumed approximately 50.1% of operating cash flow of $1,175.4 million, compared with 42.4% in the prior-year…
• FX / Currency HeadwindsImportance 57 · Surprise 64
  Ecolab manages foreign-exchange exposure through foreign-currency forwards, cross-currency swaps, and foreign-currency debt covering operations and transactions in Europe, China, Canada, and Switzerland.…
• Life Sciences Market GrowthImportance 54 · Surprise 40
  Global Life Sciences organic sales increased 15% in the second quarter and 13% in the first six months of 2026, exceeding the materiality threshold for year-over-year growth. Demand remained strong in bioprocessing and…
• Revenue Performance and MixImportance 54 · Surprise 40
  Second-quarter 2026 reported net sales increased 10% year over year to $4,415.4 million, while organic sales increased 5% to $4,282.1 million at fixed currency. Product and equipment sales rose to $3,449.4 million from…
• Pest Elimination DemandImportance 49 · Surprise 32
  Global Pest Elimination organic sales increased 7% in both the second quarter and first six months of 2026. Growth was driven by gains in restaurants, food retail, food and beverage, and healthcare customers. Pricing,…
• Operating Income and MarginsImportance 49 · Surprise 32
  Second-quarter reported operating income increased 7% to $757.9 million, while adjusted operating income increased 10%. Six-month reported operating income increased to $1,379.9 million from $1,265.4 million, a 9%…
• Geographic Revenue ShiftImportance 45 · Surprise 64
  The United States remained Ecolab’s largest market across all four reportable segments, with second-quarter sales of $955.3 million in Global Water, $851.6 million in Global Institutional & Specialty, $246.8 million in…
• Institutional Specialty DemandImportance 43 · Surprise 32
  Global Institutional & Specialty organic sales increased 4% in both the second quarter and first six months of 2026, reflecting improved Institutional growth and strong Specialty performance. Institutional organic…
• Global Water Demand TrendsImportance 43 · Surprise 32
  Global Water organic sales increased 4% in the second quarter and 3% in the first six months of 2026, led by High-Tech, Food & Beverage and Light Water. High-Tech organic sales surged 29% and 27%, respectively, on new…
• Operating Expense TrendsImportance 42 · Surprise 14
  Six-month selling, general and administrative expense increased 6.0% to $2,244.0 million from $2,117.7 million. Second-quarter SG&A increased 6.9% to $1,141.6 million from $1,067.7 million. SG&A growth was slower than…
• Middle East Energy Cost PressureImportance 40 · Surprise 42
  Ecolab reports that the war in the Middle East has caused significant volatility in global energy markets during recent months. Supply chain disruptions, transportation constraints and geopolitical developments have…
• Litigation and Legal RiskImportance 40 · Surprise 42
  Nalco Company LLC faces more than 5,000 plaintiff claims in Texas multidistrict litigation arising from the November 2019 explosion and fire at TPC Group’s Port Neches, Texas, butadiene plant. Claims include personal…
• Capital Return ProgramImportance 38 · Surprise 46
  Ecolab’s November 2022 authorization permits repurchases of up to 10,000,000 common shares and had 3,454,001 shares remaining as of June 30, 2026. During the first six months of 2026, the Company reacquired 2,538,433…
• One Ecolab RestructuringImportance 37 · Surprise 42
  Ecolab expanded its One Ecolab initiative in February 2026 to realign work performed in multiple countries into global centers of excellence using digital technologies. The company expects to incur total restructuring…
• Segment Structure ReorganizationImportance 31 · Surprise 42
  Effective January 1, 2026, Ecolab divided the former Light & Heavy operating segment into Heavy Water, Light Water and High-Tech, all within the Global Water reportable segment. The revised Global Water portfolio also…

Revenue by Product (in millions)

Revenue by Geography (in millions)