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EX - 99.1 2 ecl - 20210427xex99d1.htm EX - 99.1 ECOLAB News Release Exhibit 99.1 Michael J. Monahan ( 651 ) 250-2809 ( 651 ) 250-3837 Nate Brochmann Andrew C. Hedberg ( 651 ) 250-2185 ECOLAB FIRST QUARTER REPORTED DILUTED CONTINUING OPERATIONS EPS $ 0.67 ADJUSTED DILUTED CONTINUING OPERATIONS EPS $ 0.81 , -18 % EPS INCLUDES ESTIMATED UNFAVORABLE $ 0.10 ( -10pp ) PER SHARE IMPACT FROM TEXAS FREEZE FIRST QUARTER HIGHLIGHTS : First quarter results reflected underlying sequential improvement from the fourth quarter offset by supply chain and customer disruptions from the Texas freeze . As previously disclosed , the Texas freeze is expected to have an unfavorable impact of $ 0.15 per share in full year 2021 ; the first quarter impact was an estimated $ 0.10 per share . Reported sales from continuing operations -4 % versus last year . Acquisition adjusted fixed currency sales -8 % as strong growth in the Healthcare & Life Sciences segment was more than offset by a modest Industrial segment decrease and narrowed declines in the Institutional & Specialty and Other segments . The Texas freeze is estimated to have had a -1pp impact on overall sales growth . Reported diluted EPS from continuing operations $ 0.67 , -33 % versus last year . Adjusted diluted EPS from continuing operations , excluding special gains and charges and discrete tax items , were $ 0.81 , -18 % versus last year ; the decrease reflects the COVID - 19 related volume declines , Texas freeze impacts and unfavorable business mix which together more than offset cost savings and favorable pricing . Texas freeze supply chain and customer disruptions were an estimated unfavorable $ 0.10 ( -10pp ) per share . ( unaudited ) ( millions , except per share ) Net sales $ 2,885.0 Operating income 297.3 Reported Public Currency Rates % 2021 2020 Change $ 3,020.6 ( 4 ) % 376.2 ( 21 ) % First Quarter Ended March 31 Adjusted Public Currency Rates 2021 2020 % Change $ 2,885.0 $ 3,020.6 ( 4 ) % 329.7 401.2 ( 18 ) % Net income from continuing operations attributable to Ecolab 193.6 292.0 ( 34 ) % 233.9 288.6 ( 19 ) % Diluted earnings per share Net income from continuing operations attributable to Ecolab $ 0.67 $ 1.00 ( 33 ) % $ 0.81 $ 0.99 ( 18 ) % Adjusted Fixed Currency Rates 2021 2020 Net sales Operating income $ 2,890.6 $ 3,088.6 297.8 384.0 % Change ( 6 ) % ( 22 ) % Fixed Currency Rates 2021 % 2020 Change $ 2,890.6 $ 3,088.6 ( 6 ) % 330.2 409.0 ( 19 ) % 1