By Dave Sebastian

 

Ecolab Inc. said its profit and sales rose for the third quarter, with the company seeing accelerated pricing and volume growth offsetting higher delivered product costs.

The water, hygiene and infection prevention services company on Tuesday posted net income attributable to the company of $324.5 million, compared with $246.2 million in the year-ago period. Earnings were $1.12 a share, compared with 85 cents a share in the prior year.

Adjusted earnings from continuing operations were $1.38 a share. Analysts polled by FactSet were expecting adjusted earnings of $1.30 a share.

Net sales rose to $3.32 billion from $3.02 billion in the year-ago period. Analysts were looking for $3.27 billion.

The company said it saw lower-than-estimated unfavorable effects from Hurricane Ida.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

October 26, 2021 09:04 ET (13:04 GMT)

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