Cook Gregory B sold $1.3M of ECL

Ecolab (ECL) raised its 2026 adjusted earnings guidance, highlighting growth in High-Tech, Digital, and Life Sciences. The company declared a $0.73 quarterly dividend, extending an 89-year streak. Management emphasized pricing, productivity, and share gains, despite rising debt and acquisition costs. Ecolab projects $20.9B revenue and $3.3B earnings by 2029, requiring 7.5% yearly revenue growth.

Ecolab Inc. (ECL) acquired CoolIT Systems for $4.75 billion, expanding its AI infrastructure and data-center cooling capabilities. The deal aims to grow High-Tech sales to $4 billion by 2030 but increases debt to $13.18 billion, raising financial concerns. Ecolab's management expects higher growth and margins but warns of short-term earnings offsets due to acquisition costs.

Ecolab said it has spent $7 billion in the past six months to address water use from AI data centers, citing water as a key constraint. The company’s main move was a $4.75 billion acquisition of Calgary-based CoolIT Systems, which uses closed-loop liquid cooling to capture chip heat without misting or evaporating water. Ecolab reported $16 billion in annual revenue and targets 2030 sustainability goals.

Ecolab reported Q2 2026 earnings call updates, citing value-based pricing and energy surcharges offsetting rising commodity costs. Global High-Tech growth accelerated after the CoolIT acquisition, and Life Sciences grew 15%. Management raised the 2030 High-Tech sales target to $4B and guided H2 organic sales growth of 6% to 7% with adjusted operating margin of 19%.

Ecolab reported Q2 2026 adjusted EPS of $2.09 (vs $2.08 expected) and revenue of $4.41B (vs $4.39B). Organic sales grew 5%, pricing improved to 4%, and organic gross margin held at 44.4%. The company raised full-year 2026 EPS guidance to $8.05-$8.25 and said H2 pricing should reach 5%-6%.

Ecolab (NYSE: ECL) held its Q2 2026 earnings call. The company reported adjusted EPS up 11%, driven by 5% organic sales growth, stable organic gross margin, and productivity. It said pricing strengthened to 4% in Q2, targeting 5% to 6% in the second half, while volumes rose 1%. Ecolab also cited Life Sciences growth (15%) and Global High-Tech growth (29%) after the July 2 acquisition of Coolite Systems.