Ecolab Inc.

Filing receipts

“Cash provided by operating activities increased by $77 million in the first quarter of 2026 compared to the first quarter of 2025, primarily driven by a favorable change in working capital and higher net income, partially offset by $60 million of one-time, equity incentive payments to the Ovivo Electronics employees relating to the acquisition. ​ Investing Activities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First Quarter Ended ​ ​ March 31 (millions) ​ ​ ​ 2026 ​ 2025 ​ ​ ​ Change Cash used for investing activities ​ ​ ($355.5) ​ ​ ​ ($224.0) ​ ​ ​ ($131.5) ​ ​ Cash (used for) provided by investing activities is primarily impacted by capital investments in the business.”

“The remaining net tax expense of $16.4 million was primarily due to prior year return adjustments, unrecognized tax benefits, and other changes in estimates. ​ We recognized net tax benefits related to discrete tax items of $0.5 million in the first quarter of 2025.”

“Specialty organic sales increased 9% in the first quarter of 2026, driven by new business wins and continued value pricing. ​ Operating Income ​ Organic operating income and organic operating income margin increased in the first quarter of 2026 for our Global Institutional & Specialty segment. ​ Organic operating income margins increased 1.8 percentage points during the first quarter of 2026 as the 2.7 percentage point positive impact from value pricing was partially offset by the 0.9 percentage point impact of higher commodity costs.”