The company said reported sales rose to $15.3 billion in 2023 from $14.2 billion in 2022, an increase of 8%. It said fixed currency sales increased 8% and organic sales increased 9%.

1. 01

   The company said reported sales rose to $15.3 billion in 2023 from $14.2 billion in 2022, an increase of 8%. It said fixed currency sales increased 8% and organic sales increased 9%.

2. 02

   Ecolab said its reported operating income rose 28% to $2.0 billion in 2023 (2022 $1.6 billion), and its adjusted operating income increased 20%. The company said strong pricing offset investments in the business, higher supply chain costs and unfavorable mix.

3. 03

   The company put the estimated total pre-tax cost of the Combined Program at $195 million. It said it recorded $77.7 million of charges in 2023, bringing cumulative charges to $164.2 million. The company said it expects the restructuring to be completed by the end of 2024.

4. 04

   The company said operating cash flow rose to $2.4 billion in 2023 from $1.8 billion in 2022. It also said it raised its quarterly cash dividend by 8% to $0.57 per share in December 2023.

Key figures

Fiscal year ended December 31, 2023

Revenue

$15.3B

Operating income

$2.0B

Net income

$1.4B

EPS

$4.79

Operating cash flow

$2.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.