2024-05-01 17:58:37 ET
Summary
- Ecolab Inc. has seen solid sales growth and margin momentum in 2023, with this momentum expected to continue in 2024.
- The company provides science-based solutions and services for people's health, the planet's health, and business health.
- Despite its strong positioning, Ecolab's past sales growth and margins have been underwhelming, as very demanding valuations from the get-go make me cautious to get involved yet.
At the start of 2022, I believed that shares of Ecolab Inc. ( ECL ) were not clean enough for me despite an interesting deal for Purolite, as announced at the time. Ever since, the company has seen solid sales growth, but moreover margin momentum in 2023, with this momentum set to be maintained in 2024....
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Ecolab: Better Performance, Still Demanding Valuations