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ECOLAB EXPECTS FIRST QUARTER, FULL YEAR EARNINGS INCREASE

 ST. PAUL, Minn., March 29 /PRNewswire/ -- Speaking before investors in New York City, Pierson M. Grieve, Chairman and Chief Executive Officer of Ecolab, expressed optimism regarding Ecolab's strategic outlook and its 1993 earnings prospects.
 Grieve stated "We are the market leader in each major region of the world in growing markets, singularly focused on what we know best -- cleaning and sanitizing products, systems and services for the worldwide hospitality, institutional and food processing markets. We have excellent margin expansion potential in our newer domestic businesses, international operations and Henkel-Ecolab joint venture to leverage our earnings growth.
 "We expect to grow our earnings per share at double-digit rates in 1993 and beyond. Additionally, with our strong cash flow and low capital requirements, we will fund our growth and reduce debt."
 Management went on to say that while weak international economies are expected to affect overseas results in the first quarter ending March 31, 1993, improved sales from Ecolab's operations in the United States, as well as close attention to costs, are expected to yield earnings per share gains in the quarter and the year.
 Ecolab is the leading worldwide developer and marketer of premium cleaning, sanitizing and maintenance products and services for the hospitality, institutional and industrial markets. For the year ended December 31, 1992, Ecolab reported sales of $1 billion and earnings of $2.05 per share. Ecolab shares are traded on the New York Stock Exchange and the Pacific Stock Exchange under the symbol ECL.
 -0- 3/29/93
 /CONTACT: Michael J. Monahan of Ecolab, 612-293-2809/
 (ECL)


CO: Ecolab ST: Minnesota IN: SU:

KH -- MN003 -- 0506 03/29/93 12:07 EST
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Publication:PR Newswire
Date:Mar 29, 1993
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