Senior Portfolio Manager Mark Vitelli of Compass Capital Management says that people may not be aware of transformations within Ecolab Inc. (ECL) over the past couple of years.
“Most people know Ecolab from the hand-sanitizer pump or soap dispenser in a restaurant or store…This has been Ecolab’s business for quite a long time, and they are good at it,” Vitelli said.
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Vitelli says that since 2011 Ecolab has acquired two companies that are helping to diversify the company’s revenue stream, which will be beneficial going forward.
“In 2011, they acquired a water company called Nalco. Nalco specializes in both water filtration and cleaning the water used in the process of hydraulic fracking in the energy sector. This transformed Ecolab and enabled them to move into a much higher growth sector,” Vitelli said. “In addition to Nalco, they acquired a privately held, smaller company called Champion Industries in 2012.”
“Their earnings per share have gone from $2.54 in 2011 to a projection of $4.15 this year. So it’s been a substantial positive for the company,” Vitelli added.
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