Ecolab's 2023 Net Sales Surge to $15.3 Billion

Ecolab Inc. recently released its supplemental reportable segment information and non-GAAP reconciliation for the year ended December 31. The company's net sales for 2023 amounted to $15,320.2 million, showing a significant increase from the 2022 figure of $14,187.8 million. The Global Industrial segment contributed $7,193.1 million, up from $6,736.3 million in the previous year. Moreover, the Global Institutional & Specialty segment reported $4,994.0 million, compared to $4,414.3 million in 2022.

In terms of operating income, Ecolab Inc. reported $1,992.3 million for 2023, up from $1,562.5 million in 2022. The Global Industrial segment's operating income increased to $1,080.7 million from $935.8 million in the previous year. Similarly, the Global Institutional & Specialty segment's operating income rose to $823.0 million from $621.7 million in 2022.

Additionally, the Global Healthcare & Life Sciences segment reported net sales of $1,576.9 million, up from $1,505.8 million in 2022. The Global Pest Elimination segment also experienced growth, reaching $1,061.5 million compared to $955.4 million in the previous year.

For the full picture, make sure to review Ecolab's 8-K report.

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