Ecolab Reports Strong 2024 Financial Performance

ST. PAUL, Minn. - Ecolab’s 2024 revenue totaled $4 billion, a 2% increase compared to the previous year, the company announced during Tuesday's earnings call. 

Ecolab reported organic sales grew by 4%, with particularly strong growth in its Industrial and Healthcare & Life Sciences segments. Additionally, contributions from the Pest Elimination and Institutional & Specialty segments bolstered the company’s overall performance.

Regionally, Ecolab's organic sales showed resilience in the United States and international markets also saw positive growth, largely driven by new business wins, Ecolab reported. These successes helped mitigate the effects of uneven macroeconomic conditions that impacted other industries globally, Ecolab reported.

Christophe Beck, Ecolab's chairman and CEO, said 2024 “was another exceptional year for Ecolab, with sales, organic operating income margin, free cash flow, and adjusted diluted earnings per share all reaching record levels. This outstanding performance was fueled by the significant total value the Ecolab team and technologies delivered to our customers. We also continued to invest in breakthrough innovation, new digital capabilities, and our sales and service expertise. These efforts aim to further strengthen Ecolab’s competitive position, enhance our customer value proposition, and create new growth opportunities for the future.”

Beck said Ecolab enters 2025 confident in its ability to deliver continued strong performance in a dynamic environment. "Growth in the United States, our largest and most profitable region, continues to be very strong, and growth across the rest of the world is solid as we more than offset uneven macroeconomic trends," he said. "We expect to continue this good momentum by generating further market share gains through our One Ecolab initiative and accelerating performance in our growth engines, specifically in data centers, microelectronics, life sciences, and Ecolab digital."

Beck highlighted the company’s focus on expanding its digital pest intelligence program, which merges advanced analytics with data-driven services to provide superior pest control. He said this program is expected to maximize the effectiveness of Ecolab’s service teams while contributing to the long-term growth and market share capture in the pest elimination segment. - Source: Ecolab