Ecolab Inc
ECL: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$556.00 | Hjxw | Rywwtxtpj |
Ecolab Earnings: Pricing Gains Drive Profit Recovery and Margin Expansion
Ecolab's second-quarter results exemplified our near- and long-term outlook for the business. Adjusted operating income was up 21% versus the prior-year quarter, including 130 basis points of margin expansion. This is consistent with our near-term view that the company's strong pricing power, which underpins our wide moat rating, would restore profit growth after cost inflation weighed on 2022 results.