2024-04-30 16:26:10 ET
Ecolab Inc. (ECL)
Q1 2024 Earnings Conference Call
April 30, 2024 01:00 PM ET
Company Participants
Andy Hedberg - Vice President, Investor Relations
Christophe Beck - Chairman & Chief Executive Officer
Scott Kirkland - Chief Financial Officer
Conference Call Participants
Tim Mulrooney - William Blair
Ashish Sabadra - RBC
Manav Patnaik - Barclays
John Roberts - Mizuho
Josh Spector - UBS
Chris Parkinson - Wolfe Research
John McNulty - BMO Capital Markets
David Begleiter - Deutsche Bank
Pavel Molchanov - Raymond James
Laurence Alexander - Jefferies
Jeff Zekauskas - JPMorgan
Steve Byrne - Bank of America
Kevin McCarthy - Vertical Research
Patrick Cunningham - Citibank
Andy Wittmann - Baird
Mike Harrison - Seaport Research
Vincent Andrews - Morgan Stanley
Presentation
Operator
Greetings and welcome to the Ecolab First Quarter 2024 Earnings Release Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
At this time, it's now my pleasure to introduce your host Andy Hedberg, Vice President, Investor Relations for Ecolab. Mr. Hedberg, you may now begin your presentation.
Andy Hedberg
Thank you and hello everyone and welcome to Ecolab's first quarter conference call. With me today are Christophe Beck, Ecolab's Chairman and CEO and Scott Kirkland, our CFO.
A discussion of our results along with our earnings release and the slides referencing the quarter results are available on Ecolab's website at ecolab.com/investor. Please take a moment to read the cautionary statements in these materials, which state that this teleconference and the associated supplemental materials include estimates of future performance.
These are forward-looking statements and actual results could differ materially from those projected. Factors that could cause actual results to differ are described under the Risk Factors section in our most recent Form 10-K and in our posted materials. We also refer you to the supplemental diluted earnings per share information and release.
With that, I'd like to turn the call over to Christophe Beck for his comments.
Christophe Beck
Thank you so much Andy and welcome to everyone on the call. We're really pleased to report that Ecolab is off to a strong start in 2024 with first quarter organic sales growth of 5% and organic operating income margin expansion of 400 basis points, driving adjusted earnings per share up 52%....
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Ecolab Inc. (ECL) Q1 2024 Earnings Call Transcript