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Ecolab Forecasts Continued 2009 EPS Growth to $1.95 to $2.05.

Publication: Business Wire
Publication Date: 10-NOV-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
2008 EPS Pro Forma EPS Forecast Remains $1.85-$1.87

ST. PAUL, Minn. -- Ecolab has announced that, despite the increasingly challenging economic outlook, it looks for continued earnings growth in 2009.

Douglas M. Baker, Jr., Ecolab's Chairman, President and Chief Executive Officer, said, "We presently expect 2009 to see continued revenue growth in fixed exchange rates. We look for both oil-based and inorganic raw materials to be well above year-ago levels in at least the first half of the year and expect significantly unfavorable foreign exchange throughout the year. We will work hard to offset these headwinds with new products, new account growth, better customer penetration and an even more aggressive drive to...

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