SHARPE
Reported results
- Reported GAAP net sales for the third quarter of 2026 were $4,694.8 million, up 13% compared to $4,165.0 million in the third quarter of 2025.
- Non-GAAP organic sales for the third quarter of 2026 were $4,452.3 million, an increase of 7% compared to $4,174.9 million in the third quarter of 2025.
- Reported GAAP operating income for the third quarter of 2026 was $810.5 million, up 7% compared to $760.2 million in the third quarter of 2025.
- Non-GAAP adjusted operating income for the third quarter of 2026 was $893.4 million, up 14% compared to $786.7 million in the third quarter of 2025.
- Reported GAAP diluted earnings per share attributable to Ecolab for the third quarter of 2026 was $1.95, down 5% compared to $2.05 in the third quarter of 2025.
- Non-GAAP adjusted diluted earnings per share for the third quarter of 2026 was $2.18, up 5% compared to $2.07 in the third quarter of 2025.
Guidance
- Full year 2026 adjusted diluted earnings per share is expected to be in the $8.10 to $8.20 range, rising 8% to 9%.
- Full year 2026 quantifiable special charges are expected to be approximately $0.83 per share.
- Fourth quarter 2026 reported sales are expected to increase 12% to 14%.
- Fourth quarter 2026 organic sales growth is expected to be in the 6% to 7% range.
- Fourth quarter 2026 adjusted operating income margin is expected to be approximately 19% and organic operating income margin is expected to be approximately 20%.
- Fourth quarter 2026 adjusted diluted earnings per share is expected to be in the $2.13 to $2.23 range, rising 2% to 7%.
Price and volatility reaction
The stock moved +0.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -5.2 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 288.89 | 2026-10-26 |
| Close after release | 291.27 | 2026-10-27 |
| Realised move | +0.8% | close to close |
| 30d ATM IV change | -5.2 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-27 (8-K, Item 2.02). Read the original filing on sec.gov.