2024-02-13 17:06:03 ET
Ecolab Inc. (ECL)
Q4 2023 Earnings Conference Call
February 13, 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 Capital Markets
Seth Weber - Wells Fargo
Josh Spector - UBS
John McNulty - BMO Capital Markets
Jeff Zekauskas - JPMorgan
Manav Patnaik - Barclays
David Begleiter - Deutsche Bank
Pavel Molchanov - Raymond James
John Roberts - Mizuho
Laurence Alexander - Jefferies
Shlomo Rosenbaum - Stifel
Rob Hoffman - Bank of America
Kevin McCarthy - Vertical Research Partners
Patrick Cunningham - Citi
Mike Harrison - Seaport Research Partners
Scott Schneeberger - Oppenheimer & Company
Vincent Andrews - Morgan Stanley
Presentation
Operator
Greetings, and welcome to the Ecolab Fourth Quarter 2023 Earnings Release Conference Call. This time, all participants are in a listen-only mode. The question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder this conference is being recorded.
At this time, it is now my pleasure to introduce your host, Andy Hedberg, Vice President of Investor Relations. Thank you, Mr. Hedberg. You may now begin.
Andy Hedberg
Thank you, and hello everyone, and welcome to Ecolab's fourth 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 estimates of future performance. These are forward-looking statements, and the 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 our posted materials. We also refer you to the supplemental diluted earnings per share information in the 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. The very strong performance in the fourth quarter capped off a phenomenal year for our company. With the fourth quarter, organic sales growth of 6% and adjusted earnings per share up 22%. I'm so proud of this team, because this strong performance underscores the collective hard work and dedication of our entire Ecolab team, and reflects our sustained focus over the last few years on driving long-term growth the right way.
Despite the unpredictability of macroeconomic conditions, our team drove further value-based pricing while maintaining our strong business momentum. Volumes in the fourth quarter continued to improve with the positive growth, reflecting new business wins that more than offset soft macro demand....
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Ecolab Inc. (ECL) Q4 2023 Earnings Call Transcript