Ecolab reported third quarter 2026 net sales of $4,694.8 million, up 13%, and adjusted diluted EPS of $2.18, up 5%; Global Life Sciences organic sales grew 17% to $215.8 million.
ECL · Ecolab Inc.
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Ecolab reported third quarter 2026 organic sales growth of 7% and organic OI margin of 19.6%. Its 2027 targets include 5-7% organic sales growth, a 20% adjusted operating income margin and adjusted EPS growth of up to 15%.
Ecolab reported third-quarter results for the quarter ended September 30, 2026, including 13% sales growth, 7% organic sales growth, $2.18 adjusted diluted EPS, +5%, and a 19.6% organic operating income margin. It expects 2026 adjusted diluted EPS of $8.10 to $8.20, +8% to 9%.
Metrics snapshot
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 28, 2026TL;DR. Ecolab delivered accelerated 5% organic sales growth and 11% adjusted EPS growth in Q2 2026, raising full-year adjusted EPS guidance to $8.05-$8.25 (from $8.03-$8.23), driven by accelerating growth in Global High-Tech (29%) and Life Sciences (15%) and the recent close of the CoolIT acquisition, while rising commodity costs and Middle East disruption remained headwinds.
- + Raised full-year 2026 adjusted EPS outlook to $8.05-$8.25 from $8.03-$8.23 new
- − Middle East conflict created a ~1% volume headwind in Q2 and is expected to persist new
- − Reported Q2 GAAP operating income margin fell 40 bps to 17.2% due to amortization and special charges new
- − Reported GAAP diluted EPS growth slowed to just 3% versus prior year due to special charges new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Non-GAAP adjusted diluted EPS non-GAAP | $2.09 | the second quarter ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Reported GAAP diluted EPS $1.9
+$0.18 Special (gains) and charges, after tax
+$0.01 Discrete tax expense (benefit)
= Non-GAAP adjusted diluted EPS $2.09
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| Non-GAAP adjusted fixed currency operating income non-GAAP | $808.7M | the second quarter ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Non-GAAP adjusted operating income 809M
-0.3M Effect of foreign currency translation
= Non-GAAP adjusted fixed currency operating income 808.7M
|
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| Non-GAAP adjusted net income attributable to Ecolab non-GAAP | $589.6M | the second quarter ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Reported GAAP net income attributable to Ecolab 534.9M
+50.5M Special (gains) and charges, after tax
+4.2M Discrete tax expense (benefit)
= Non-GAAP adjusted net income attributable to Ecolab 589.6M
|
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| Non-GAAP adjusted operating income non-GAAP | $809M | Second Quarter Ended June 30 filing | — |
GAAP → non-GAAP reconciliationGAAP Reported GAAP operating income 757.9M
+51.1M Special (gains) and charges
= Non-GAAP adjusted operating income 809M
|
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| Non-GAAP adjusted operating income margin non-GAAP | 18.3% | Second Quarter Ended June 30 filing | — |
| Non-GAAP adjusted tax rate non-GAAP | 21% | Second Quarter Ended June 30 filing | — |
GAAP → non-GAAP reconciliationGAAP Reported GAAP tax rate 22.3%
-0.7% Special (gains) and charges
-0.6% Discrete tax items
= Non-GAAP adjusted tax rate 21%
|
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| Non-GAAP organic operating income non-GAAP | $804.3M | Second Quarter Ended June 30 filing | — |
GAAP → non-GAAP reconciliationGAAP Non-GAAP adjusted fixed currency operating income 808.7M
-4.4M Effect of acquisitions and divestitures
= Non-GAAP organic operating income 804.3M
|
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| Non-GAAP organic operating income margin non-GAAP | 18.8% | Second Quarter Ended June 30 filing | — |
| Non-GAAP organic sales non-GAAP | $4.28B | Second Quarter Ended June 30 filing | — |
GAAP → non-GAAP reconciliationGAAP Non-GAAP fixed currency sales 4.4B
-122.3M Effect of acquisitions and divestitures
= Non-GAAP organic sales 4.28B
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Chemicals — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ECL
this stock
Ecolab Inc.
|
$85.45B | +20.0% | +2.2% | 41.5 | 1.7% |
|
LIN
Linde PLC
|
$234.84B | +23.1% | +3.0% | 33.9 | 1.3% |
|
AIQUF
L Air Liquide SA
|
$122.69B | +9.1% | — | — | 0.0% |
|
SHW
Sherwin Williams Co
|
$87.99B | +12.2% | +2.1% | 33.5 | 2.7% |
|
APD
Air Products & Chemicals, Inc.
|
$69.69B | +29.1% | -0.5% | — | 2.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 29, 2026
- This year
- 21
Ecolab reported third quarter 2026 net sales of $4,694.8 million, up 13%, and adjusted diluted EPS of $2.18, up 5%; Global Life Sciences organic sales grew 17% to $215.8 million.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ECL | +7.7% | +13.3% | +26.6% | +4.0% | +20.0% |
| SPY | -0.7% | -1.3% | +2.5% | +1.5% | +12.5% |
| vs SPY | +8.4% | +14.6% | +24.1% | +2.5% | +7.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.