Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Ecolab Inc.
Formerly called
Economics Laboratory
Type
Public
Traded as NYSE: ECL
S&P 500 Component
Industry Conglomerate
Founded 1923 (1923)
Founder Merritt J. Osborn
Headquarters St. Paul, Minnesota, United States
Key people
Douglas M. Baker Jr. (Chairman and CEO)
Revenue
  • IncreaseUS$14.2 billion (2014)
  • US$13.3 billion (2013)
Operating income
  • IncreaseUS$2.0 billion (2014)
  • US$1.6 billion (2013)
Net income
  • IncreaseUS$1.2 billion (2013)
  • US$968 million (2013)
Number of employees
47,000 (2014)
Website ecolab.com
Footnotes / references

Ecolab Inc., headquartered in St. Paul, Minnesota, is an American global provider of water, hygiene and energy technologies and services to the food, energy, healthcare, industrial and hospitality markets. It was founded as Economics Laboratory in 1923 by Merritt J. Osborn, and renamed "Ecolab" in 1986.

Merritt J. "M.J." Osborn founded Economics Laboratory in 1923 with the tagline "Saving time, lightening labor and reducing costs to those we serve." The company's original product was Absorbit, a product designed to quickly clean carpets in hotel rooms. This was soon followed by Soilax, a dishwasher soap. During the 1930s, the company expanded throughout the United States and sales reached US$5.4 million by the end of 1940s. It acquired the Magnus Company in the early 1950s, which gave the company access to Magnus's industrial specialty businesses - including pulp and paper, metalworking, transportation, and petrochemical processing.

In the 1950s, international expansion of Economics Laboratory started, with the establishment of its first overseas subsidiary in Sweden in 1956. It became a publicly traded corporation in 1957, and continued to expand during the 1960s and 1970s. In 1979, it acquired Apollo Technologies, but in 1983 the acquired Apollo subsidiary was shut down.

In 1986 the company changed its name from Economics Laboratory to Ecolab Inc.

In 1987, Ecolab purchased the lawncare servicer provider ChemLawn for US$376 million. It sold the acquisition in 1992 to ServiceMaster for US$103 million as it couldn't turn ChemLawn into a profitable business. Ecolab and the German fast-moving consumer goods firm Henkel KGaA formed a 50:50 European joint venture called 'Henkel-Ecolab' in mid-1991 to expand into European/Russian markets.

Ecolab would continue to acquire companies in the 1990s, namely Kay Chemical (1993), Australia-based Gibson Chemical Industries Ltd (1997), and GCS Service Inc (1998). In 2001 it bought out its partner Henkel's 50% stake in the European joint venture, Henkel-Ecolab. Ecolab integrated the former Henkel-Ecolab into its existing global operations. As a legacy of the Henkel-Ecolab cooperation from 1991–2001, Henkel continued to hold a 29.5% stake in Ecolab Inc. after the sale of the joint venture.

In the mid-2000s, strategic acquisitions continued, and Ecolab diversified its portfolio of customer offerings by venturing into the food safety management business as well as a healthcare business unit. In 2005, it opened a new global research, development, and engineering center in Eagan, Minnesota.

In 2008, Henkel sold all of the 73 million shares, i.e., nearly a 29.5% stake it held in Ecolab, ending the two-decade-long partnership. The same year, Ecolab established Zurich as its Europe, the Middle East and Africa headquarters.

In 2010, Ecolab was ranked #365 in Fortune 500 magazine, and in 2011 Ecolab was named one of the "World's Most Ethical Companies" by the Ethisphere Institute.

In July 2011, Ecolab announced a merger with Nalco Holding Company, Inc., and in December 2011 Nalco became a wholly owned subsidiary of Ecolab Inc. after it completed its US$5.4 billion acquisition.

In May 2012, Microsoft co-founder Bill Gates, through his investment vehicles—Cascade Investment and the Bill & Melinda Gates Foundation—increased his stake of 10.8% in Ecolab to 25%.

In October 2012, Ecolab entered an agreement to acquire Champion Technologies. That purchase closed in April 2013.

In November 2015, for $40.5 million Ecolab acquired the U.S. operations of Charlotte, N.C.-based Swisher Hygiene which provides hygiene and sanitizing solutions for the foodservice, hospitality, retail and healthcare markets.

In July 2016, Ecolab made a minority equity investment in Aquatech International, LLC of an undisclosed amount.

Ecolab employs approximately 47,000 people, and operates in more than 170 countries. It is organized in the following geographical divisions:

Ecolab provides water, hygiene and energy technologies and services to the food, energy, healthcare, industrial and hospitality markets.

The company's food safety services provide consulting to restaurants, hospitals, food retailers and food & beverage manufacturing facilities. It is also a supplier of chemicals used by beef and poultry processors - to reduce pathogens, such as E. coli and salmonella - in uncooked beef and poultry.

Investment goal date:
Dividends reinvested
Ecolab Inc. ECL report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-01
--
--
Q4 2017
2018-02-19
--
--
Q3 2017
2017-10-31
1.3700
1.3400
Q2 2017
2017-08-01
1.1300
1.0100
Q1 2017
2017-05-02
0.8000
0.8600
Q4 2016
2017-02-21
1.2500
1.2400
Q3 2016
2016-11-01
1.2800
1.2700
Q2 2016
2016-08-02
1.0800
0.8700
Q1 2016
2016-05-03
0.7700
0.7700
Q4 2015
2016-02-23
1.2200
0.6900
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
ALLIANCEBERNSTEIN L.P.
3555051
BANK OF AMERICA CORP /DE/
5575066
BILL & MELINDA GATES FOUNDATION TRUST
4366426
BlackRock Fund Advisors
4085930
BlackRock Inc.
15032404
BlackRock Institutional Trust Company, N.A.
6953647
BROWN ADVISORY INC
4077859
CAM Group Holding A/S
3418975
Clearbridge Investments, LLC
5012431
EAGLE CAPITAL MANAGEMENT LLC
8782215
EDGEWOOD MANAGEMENT LLC
3396018
FRANKLIN RESOURCES INC
3771749
STATE STREET CORP
11935943
Vanguard Group, Inc
20454223
WELLINGTON MANAGEMENT CO LLP
5379883
Major Shareholders
Name Relationship
Total Shares
Holding stocks
GATES WILLIAM H III
9.5100% (28495893)
ECL / MSFT /
GRUNDHOFER JERRY A
0.0200% (51193)
ECL /
HIGGINS ARTHUR J
0.0100% (15538)
DEPO / ECL / ENDP / ZMH /
BECK BARBARA
0.0100% (21742)
ECL /
ZILLMER JOHN J
0.0100% (18714)
CSX / ECL / RAI / VRTV /
LEVIN JERRY W
0.0100% (32821)
ECL / LO / USB /
JOHNSON JOEL W
0.0300% (78834)
ECL / MDP / USB /
BAKER DOUGLAS M JR
0.1400% (427927)
ECL / TGT / USB /
SCHMECHEL DANIEL J
0.0400% (134584)
ECL /
BILLER LESLIE S
0.0200% (68834)
ECL / STSA /
SEIFERT JAMES J
0.0100% (23921)
ECL /
REICH VICTORIA
0.0100% (18040)
ECL / HRB / INGR /
LUMPKINS ROBERT L
0.0200% (49328)
ECL / MOS /
HANDLEY THOMAS W
0.0200% (74841)
ECL / FUL / RSG /
Hickey Michael A
0.0100% (43641)
ECL / SXI /
Taylor Stephen M
0.0100% (44466)
ECL /
Berger Larry L
0.0100% (38307)
ECL /
Beck Christophe
0.0100% (21419)
ECL /
Inchaustegui Roberto
0.0100% (19787)
ECL /
Mulhere Timothy P
0.0100% (15837)
ECL /
Wyant Jill S
0.0100% (17626)
ECL /
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