Subtext

Ecolab Inc. ECL

SectorMaterials
Transcripts71
Date range2007-10-23 – 2025-04-29
Calls charted71

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-22-11+0+11+222007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Overall: +13.32007 Q4 · Overall: +16.72008 Q1 · Overall: +18.02008 Q2 · Overall: +17.62008 Q3 · Overall: +10.42008 Q4 · Overall: +8.82009 Q1 · Overall: +4.12009 Q2 · Overall: +9.92009 Q3 · Overall: +13.42009 Q4 · Overall: +9.52010 Q1 · Overall: +14.22010 Q2 · Overall: +14.92010 Q3 · Overall: +15.12010 Q4 · Overall: +16.22011 Q1 · Overall: +16.62011 Q2 · Overall: +18.72011 Q3 · Overall: +16.22011 Q4 · Overall: +10.22012 Q1 · Overall: +15.52012 Q2 · Overall: +9.92012 Q3 · Overall: +14.72012 Q4 · Overall: +15.92013 Q1 · Overall: +13.62013 Q2 · Overall: +15.92013 Q3 · Overall: +18.32013 Q4 · Overall: +15.72014 Q1 · Overall: +17.82014 Q2 · Overall: +14.52014 Q3 · Overall: +9.12014 Q4 · Overall: +11.22015 Q1 · Overall: +12.92015 Q2 · Overall: +8.52015 Q3 · Overall: +3.92015 Q4 · Overall: +5.52016 Q1 · Overall: +5.72016 Q2 · Overall: +2.52016 Q3 · Overall: +6.62016 Q4 · Overall: +10.52017 Q1 · Overall: +4.32017 Q2 · Overall: +6.22017 Q3 · Overall: +3.52017 Q4 · Overall: +7.22018 Q1 · Overall: +8.22018 Q2 · Overall: +9.22018 Q3 · Overall: +6.82018 Q4 · Overall: +8.32019 Q1 · Overall: +6.32019 Q2 · Overall: +13.22019 Q3 · Overall: +3.02019 Q4 · Overall: +6.92020 Q1 · Overall: +1.12020 Q2 · Overall: +3.62020 Q3 · Overall: +6.82020 Q4 · Overall: +13.62021 Q1 · Overall: +9.72021 Q2 · Overall: +13.82021 Q3 · Overall: +11.62021 Q4 · Overall: +10.22022 Q1 · Overall: +5.42022 Q2 · Overall: +6.22022 Q3 · Overall: +10.72022 Q4 · Overall: +6.62023 Q1 · Overall: +13.32023 Q2 · Overall: +14.52023 Q3 · Overall: +17.52023 Q4 · Overall: +12.02024 Q1 · Overall: -0.62024 Q2 · Overall: +13.02024 Q3 · Overall: +18.22024 Q4 · Overall: +9.92025 Q1 · Overall: +11.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-50-25+0+25+502007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q4 · CEO: -8.72008 Q2 · CEO: +0.02008 Q3 · CEO: -23.82008 Q4 · CEO: +13.12009 Q1 · CEO: +9.12009 Q2 · CEO: +14.42009 Q3 · CEO: +17.72009 Q4 · CEO: +7.72010 Q1 · CEO: +9.02010 Q2 · CEO: +9.32010 Q3 · CEO: +12.82010 Q4 · CEO: +23.52011 Q1 · CEO: +24.02011 Q2 · CEO: +25.32011 Q3 · CEO: +10.32011 Q4 · CEO: +6.92012 Q1 · CEO: +13.22012 Q2 · CEO: +8.12012 Q3 · CEO: +9.32012 Q4 · CEO: +12.62013 Q1 · CEO: +15.62013 Q2 · CEO: +11.52013 Q3 · CEO: +16.82013 Q4 · CEO: +12.52014 Q1 · CEO: +12.52014 Q2 · CEO: +10.52014 Q3 · CEO: +14.52014 Q4 · CEO: +18.52015 Q1 · CEO: +16.92015 Q2 · CEO: +11.12015 Q3 · CEO: +9.52015 Q4 · CEO: +11.12016 Q1 · CEO: +9.32016 Q2 · CEO: +7.32016 Q3 · CEO: +12.82017 Q4 · CEO: +12.02018 Q4 · CEO: +13.62019 Q1 · CEO: +10.92019 Q2 · CEO: +17.32019 Q3 · CEO: +10.32019 Q4 · CEO: +10.02020 Q1 · CEO: +2.62020 Q2 · CEO: +4.42020 Q3 · CEO: +7.82020 Q4 · CEO: +19.12021 Q1 · CEO: +18.02021 Q2 · CEO: +21.42021 Q3 · CEO: +14.52021 Q4 · CEO: +14.42022 Q1 · CEO: +8.52022 Q2 · CEO: +12.32022 Q3 · CEO: +19.82022 Q4 · CEO: +16.32023 Q1 · CEO: +21.92023 Q2 · CEO: +24.02023 Q3 · CEO: +27.72023 Q4 · CEO: +22.62024 Q1 · CEO: +8.92024 Q2 · CEO: +28.62024 Q3 · CEO: +25.82025 Q1 · CEO: +22.72011 Q2 · CFO: +11.02015 Q3 · CFO: -5.32015 Q4 · CFO: +2.12016 Q4 · CFO: +9.42017 Q3 · CFO: +10.82017 Q4 · CFO: -4.22018 Q1 · CFO: +14.62018 Q2 · CFO: +13.02018 Q3 · CFO: +33.02018 Q4 · CFO: +43.22019 Q1 · CFO: +31.22019 Q2 · CFO: +25.82019 Q4 · CFO: +29.02020 Q1 · CFO: +0.02020 Q2 · CFO: +8.22020 Q3 · CFO: +3.32020 Q4 · CFO: +10.92021 Q1 · CFO: -1.92021 Q2 · CFO: +38.52021 Q4 · CFO: -8.22022 Q1 · CFO: +0.02022 Q2 · CFO: -11.02022 Q3 · CFO: +5.52022 Q4 · CFO: -12.32023 Q1 · CFO: +23.12023 Q2 · CFO: +7.22023 Q3 · CFO: +17.02023 Q4 · CFO: +17.82024 Q1 · CFO: +11.52024 Q2 · CFO: -2.42024 Q3 · CFO: +19.12024 Q4 · CFO: +4.12025 Q1 · CFO: +19.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-53-26+0+26+532007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Prepared remarks: +33.02007 Q4 · Prepared remarks: +40.12008 Q1 · Prepared remarks: +38.62008 Q2 · Prepared remarks: +31.72008 Q3 · Prepared remarks: +17.52008 Q4 · Prepared remarks: +19.72009 Q1 · Prepared remarks: +17.82009 Q2 · Prepared remarks: +25.82009 Q3 · Prepared remarks: +31.32009 Q4 · Prepared remarks: +25.62010 Q1 · Prepared remarks: +41.22010 Q2 · Prepared remarks: +39.72010 Q3 · Prepared remarks: +38.42010 Q4 · Prepared remarks: +38.32011 Q1 · Prepared remarks: +46.02011 Q2 · Prepared remarks: +37.32011 Q3 · Prepared remarks: +39.22011 Q4 · Prepared remarks: +33.02012 Q1 · Prepared remarks: +32.62012 Q2 · Prepared remarks: +31.32012 Q3 · Prepared remarks: +36.62012 Q4 · Prepared remarks: +32.32013 Q1 · Prepared remarks: +32.92013 Q2 · Prepared remarks: +41.32013 Q3 · Prepared remarks: +41.92013 Q4 · Prepared remarks: +39.62014 Q1 · Prepared remarks: +42.52014 Q2 · Prepared remarks: +35.42014 Q3 · Prepared remarks: +31.92014 Q4 · Prepared remarks: +32.62015 Q1 · Prepared remarks: +29.42015 Q2 · Prepared remarks: +25.52015 Q3 · Prepared remarks: +15.92015 Q4 · Prepared remarks: +18.22016 Q1 · Prepared remarks: +28.92016 Q2 · Prepared remarks: +18.02016 Q3 · Prepared remarks: +20.02016 Q4 · Prepared remarks: +17.52017 Q1 · Prepared remarks: +5.52017 Q2 · Prepared remarks: +20.42017 Q3 · Prepared remarks: +20.62017 Q4 · Prepared remarks: +34.52018 Q1 · Prepared remarks: +37.42018 Q2 · Prepared remarks: +26.12018 Q3 · Prepared remarks: +26.92018 Q4 · Prepared remarks: +34.72019 Q1 · Prepared remarks: +16.32019 Q2 · Prepared remarks: +34.82019 Q3 · Prepared remarks: +27.12019 Q4 · Prepared remarks: +19.12020 Q1 · Prepared remarks: +15.22020 Q2 · Prepared remarks: +11.52020 Q3 · Prepared remarks: +31.82020 Q4 · Prepared remarks: +33.42021 Q1 · Prepared remarks: +29.92021 Q2 · Prepared remarks: +41.12021 Q3 · Prepared remarks: +43.02021 Q4 · Prepared remarks: +25.62022 Q1 · Prepared remarks: +19.72022 Q2 · Prepared remarks: +13.82022 Q3 · Prepared remarks: +33.12022 Q4 · Prepared remarks: +18.92023 Q1 · Prepared remarks: +35.12023 Q2 · Prepared remarks: +37.72023 Q3 · Prepared remarks: +42.92023 Q4 · Prepared remarks: +32.32024 Q1 · Prepared remarks: +16.52024 Q2 · Prepared remarks: +38.72024 Q3 · Prepared remarks: +32.02024 Q4 · Prepared remarks: +28.02025 Q1 · Prepared remarks: +36.42007 Q3 · Q&A responses: +5.52007 Q4 · Q&A responses: +11.62008 Q1 · Q&A responses: +14.92008 Q2 · Q&A responses: +17.02008 Q3 · Q&A responses: +3.82008 Q4 · Q&A responses: +3.52009 Q1 · Q&A responses: +0.52009 Q2 · Q&A responses: +6.32009 Q3 · Q&A responses: +8.52009 Q4 · Q&A responses: +3.32010 Q1 · Q&A responses: +9.42010 Q2 · Q&A responses: +10.32010 Q3 · Q&A responses: +12.62010 Q4 · Q&A responses: +5.62011 Q1 · Q&A responses: +9.42011 Q2 · Q&A responses: +10.62011 Q3 · Q&A responses: +8.62011 Q4 · Q&A responses: +0.72012 Q1 · Q&A responses: +8.92012 Q2 · Q&A responses: +3.22012 Q3 · Q&A responses: +7.82012 Q4 · Q&A responses: +7.02013 Q1 · Q&A responses: +11.92013 Q2 · Q&A responses: +9.72013 Q3 · Q&A responses: +12.72013 Q4 · Q&A responses: +10.62014 Q1 · Q&A responses: +13.22014 Q2 · Q&A responses: +7.02014 Q3 · Q&A responses: +3.42014 Q4 · Q&A responses: +7.62015 Q1 · Q&A responses: +7.32015 Q2 · Q&A responses: +8.82015 Q3 · Q&A responses: +6.62015 Q4 · Q&A responses: +10.22016 Q1 · Q&A responses: +7.82016 Q2 · Q&A responses: +5.52016 Q3 · Q&A responses: +10.82016 Q4 · Q&A responses: +16.62017 Q1 · Q&A responses: +10.52017 Q2 · Q&A responses: +11.42017 Q3 · Q&A responses: +7.12017 Q4 · Q&A responses: +7.52018 Q1 · Q&A responses: +10.22018 Q2 · Q&A responses: +12.72018 Q3 · Q&A responses: +10.32018 Q4 · Q&A responses: +11.22019 Q1 · Q&A responses: +10.22019 Q2 · Q&A responses: +16.72019 Q3 · Q&A responses: +7.62019 Q4 · Q&A responses: +10.02020 Q1 · Q&A responses: +0.82020 Q2 · Q&A responses: +5.32020 Q3 · Q&A responses: +8.52020 Q4 · Q&A responses: +15.42021 Q1 · Q&A responses: +13.72021 Q2 · Q&A responses: +16.72021 Q3 · Q&A responses: +10.32021 Q4 · Q&A responses: +12.02022 Q1 · Q&A responses: +5.72022 Q2 · Q&A responses: +10.32022 Q3 · Q&A responses: +15.22022 Q4 · Q&A responses: +11.52023 Q1 · Q&A responses: +19.42023 Q2 · Q&A responses: +16.52023 Q3 · Q&A responses: +20.62023 Q4 · Q&A responses: +18.12024 Q1 · Q&A responses: +7.22024 Q2 · Q&A responses: +16.72024 Q3 · Q&A responses: +22.42024 Q4 · Q&A responses: +16.32025 Q1 · Q&A responses: +16.6
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$4.10$5.81$7.522007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $4.342014 Q2: $4.502014 Q3: $4.672014 Q4: $4.782015 Q1: $4.772015 Q2: $4.852015 Q3: $5.002015 Q4: $4.992016 Q1: $4.632016 Q2: $4.742016 Q3: $4.872016 Q4: $4.932017 Q1: $4.932017 Q2: $5.072017 Q3: $5.212017 Q4: $5.292018 Q1: $5.492018 Q2: $5.702018 Q3: $5.872018 Q4: $5.912019 Q1: $6.082019 Q2: $6.272019 Q3: $6.442019 Q4: $6.522020 Q1: $6.372020 Q2: $5.282020 Q3: $5.002020 Q4: $5.322021 Q1: $5.422021 Q2: $5.612021 Q3: $5.852021 Q4: $5.972022 Q1: $5.462022 Q2: $5.622022 Q3: $5.552022 Q4: $4.982023 Q1: $5.162023 Q2: $5.422023 Q3: $5.792023 Q4: $6.132024 Q1: $6.622024 Q2: $7.012024 Q3: $7.29

Forward P/E

20.2731.7143.142007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 25.192014 Q2: 24.102014 Q3: 24.992014 Q4: 21.852015 Q1: 24.242015 Q2: 23.722015 Q3: 22.702015 Q4: 23.632016 Q1: 22.882016 Q2: 25.052016 Q3: 24.162016 Q4: 24.552017 Q1: 25.432017 Q2: 26.432017 Q3: 24.862017 Q4: 25.522018 Q1: 24.822018 Q2: 25.392018 Q3: 26.912018 Q4: 24.942019 Q1: 28.452019 Q2: 30.072019 Q3: 30.432019 Q4: 28.482020 Q1: 24.582020 Q2: 38.872020 Q3: 41.562020 Q4: 41.362021 Q1: 38.592021 Q2: 37.512021 Q3: 38.262021 Q4: 38.392022 Q1: 31.262022 Q2: 26.722022 Q3: 29.682022 Q4: 30.212023 Q1: 30.842023 Q2: 33.182023 Q3: 31.122023 Q4: 32.382024 Q1: 34.002024 Q2: 34.682024 Q3: 34.10

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -3.3 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2014 Q3 tone ↓ -5.4 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -4.4 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -4.6 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -3.2 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -2.7 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -2.4 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -2.0 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -10.3 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +2.4 fwd EPS ↓ -1.09 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↑ +3.3 fwd EPS ↓ -0.28 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -3.9 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -2.2 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↑ +4.5 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2023 Q4 tone ↓ -5.5 fwd EPS ↑ +0.34 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -12.6 fwd EPS ↑ +0.49 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29+11.9——View →
2024 Q42025-02-11+9.9——View →
2024 Q32024-10-29+18.2$7.2934.1View →
2024 Q22024-07-30+13.0$7.0134.7View →
2024 Q12024-04-30-0.6$6.6234.0View →
2023 Q42024-02-13+12.0$6.1332.4View →
2023 Q32023-10-31+17.5$5.7931.1View →
2023 Q22023-08-01+14.5$5.4233.2View →