Edition:
India

Ecolab Comments On Expected Impact Of U.S. Tax Cuts And Jobs Act


Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Ecolab Inc ::ECOLAB COMMENTS ON EXPECTED IMPACT OF U.S. TAX CUTS AND JOBS ACT, ANNOUNCES INTENT TO CONTRIBUTE $25 MILLION TO ECOLAB FOUNDATION, AND FORECASTS DOUBLE-DIGIT 4Q 2017 AND FULL YEAR 2018 ADJUSTED EPS GROWTH.SEES Q1 2018 ADJUSTED EARNINGS PER SHARE $0.84 TO $0.92.SEES FY 2017 ADJUSTED EARNINGS PER SHARE $4.68 TO $4.70.SEES FY 2017 EARNINGS PER SHARE $5.05 TO $5.19.SEES Q4 EARNINGS PER SHARE $1.84 TO $1.98.SEES 2018 ADJUSTED DILUTED EARNINGS PER SHARE TO RISE APPROXIMATELY 12% TO 16% TO $5.25 TO $5.45 RANGE.ECOLAB - EXPECTS TO RECORD NET DISCRETE TAX BENEFIT IN Q4 OF ABOUT $0.45 TO $0.55 PER SHARE.EXPECT SPECIAL CHARGES IN 2018 TO BE $0.12 TO $0.15 PER SHARE.ECOLAB - BEGINNING IN 2018, EXPECT U.S. TAX CUTS AND JOBS ACT TO BENEFIT EARNINGS BY ABOUT $0.10 PER SHARE.FY2018 EARNINGS PER SHARE VIEW $5.30 -- THOMSON REUTERS I/B/E/S.Q1 2018 EARNINGS PER SHARE VIEW $0.95 -- THOMSON REUTERS I/B/E/S. 

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