Ecolab (ECL) Q1 FY26 earnings call

Earnings call· Mar 2026 (Q1 FY26)· Materials· Apr 28, 2026

Source: earnings call transcript

Ecolab framed a complex, energy-inflationary quarter as one it has mastered before, leaning on a fast April-1 energy surcharge and structural pricing to hold margins while the portfolio mix shifts toward low-energy-exposure, high-growth engines (High-Tech, Life Sciences, Pest Intelligence, digital). Management reaffirms full-year expectations and the 2027 20% OI-margin path, positioning Ovivo and pending CoolIT as a scaled AI-water powerhouse to add growth as commodity headwinds are absorbed by mid-year.

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ECL operating KPIs by quarter

ECL operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2024 Q4 FY24	Mar 2025 Q1 FY25	This call Mar 2026 Q1 FY26	Change vs prior quarter
Connected devices Ecolab Digital	100K Well, we get lease or rent for our devices and we have 100,000 of those connections around the world. Source: earnings call transcript	100K But when you think about it, we have 100,000 devices that are connected today. Source: earnings call transcript	~700K We have roughly 700,000 smart devices that have been implemented so far. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.