Ecolab reported strong financial performance in 2005, with net sales increasing 8% to $4.5 billion and diluted EPS increasing 13% to $1.23. The company continued executing its strategy of providing comprehensive cleaning and hygiene solutions through investments in its sales force and new programs. Ecolab was recognized for its corporate governance, citizenship and leadership by several organizations. Looking ahead, Ecolab expects continued growth in 2006 by leveraging its customer-focused strategy and making strategic investments in new solutions and its workforce.
Diversey 2009 Global Responsibility ReportDiversey
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Weâve defined a framework of continuous improvement to integrate sustainability throughout our business. It addresses six pillars: serving our customers, collaborating with our partners, strengthening our workforce, enriching our communities, operating our facilities and governing our business. In this report, youâll learn how weâve progressed in each of these areas.
Diversey 2009 Global Responsibility ReportDiversey
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Weâve defined a framework of continuous improvement to integrate sustainability throughout our business. It addresses six pillars: serving our customers, collaborating with our partners, strengthening our workforce, enriching our communities, operating our facilities and governing our business. In this report, youâll learn how weâve progressed in each of these areas.
How do you go from being a useful employee to being
indispensable? Somebody who does a good job for a company is
valued. They are part of the bricks and mortar of a company. But
are they indispensable? The reason for the existence of most
companies is to produce the maximum possible profit for their
shareholders. At its most basic level, profit is, of course, revenue
minus expense. Hence, the only ways to increase profit is to
generate more revenue, or reduce expenses; either or both of
which will improve profits.
how can i use my minded pi coins I need some funds.DOT TECH
Â
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. đ I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
Â
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
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The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new productâit signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins in South Korea profitably.DOT TECH
Â
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can I sell my pi coins for cash in a pi APPDOT TECH
Â
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Â
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
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The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a âRoaring Twentiesâ? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. governmentâs aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
âIn order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,â says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins at high rate quickly.DOT TECH
Â
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Â
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
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USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
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USDA Loans in California: A Comprehensive Overview.pptx
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ecolab Shareholders
1. Clearly
Ecolab TO OUR SHAREHOLDERS:
At Ecolab, we want our message to be
loud and clear. When it comes to
providing the most comprehensive
solutions and dedicated service to our
customers, we know there is only one
choice. And that choice is clearly
Ecolab.
It is clear that our people make the
difference. When we say our team of
22,000 associates is our most
important asset, we back it up by
investing in them, carefully selecting,
training and developing them so they
can make exciting and important
contributions to grow our business.
These investments not only drive the
strong performance and add to the
impressive results from our exceptional
team, but also deepen our commitment
and dedication to serving our customers
in every way possible.
We guide our business with a clear,
coherent, proven strategy. Our Circle
the Customer â Circle the Globe
strategy continues to provide a solid
strategic platform for exceeding our
customersâ expectations, and providing
solutions for every customer need,
everywhere our customers need it.
And we keep a clear eye on the Douglas M. Baker, President and CEO (left),
challenges to our business, whether Allan L. Schuman, Chairman of the Board (right)
itâs a tough rising raw material cost
solutions for our customersâ changing
environment or a change in our
requirements.
customersâ expectations of their
Above all, our ultimate goal is
business partners. This is especially
crystal clear â to fuel growth and
clear as we streamline our operations
success for our customers, our
to keep costs at a minimum while
associates and our shareholders. So we
protecting our investments in our
ask the questions. We do the research.
business, and as we create new turnkey
| Ecolab | Annual Report 2005
2
2. For example, we introduced our 360Âș of
Protection program for foodservice and
Only one company stands out as the hospitality customers, which provides a
customized plan for the full spectrum of
clear leader in providing premium cleaning and hygiene issues an
operation faces. The program includes
programs, technology and service new products, such as Oasis 146
for every aspect of âclean.â Multi-Quat Sanitizer, which provides a
broad sanitizing range that helps
simplify use and minimize the risk of
health code violations, with innovative
technologies such as our advanced
no-rinse enzyme-based floor cleaner
Wash ân Walk. A wide-ranging
We innovate. We build relationships. We $1.23 for 2005, up 13 percent from $1.09
combination of products, systems,
serve. We produce. We deliver. And by in 2004. Excluding a $0.01 per share
training aids and service combine to
doing these well, we grow. charge related to the repatriation of
make 360Âș of Protection the industryâs
We stay true to our mission, our foreign earnings under the American
most comprehensive solution for todayâs
culture and ourselves. And because we Jobs Creation Act (AJCA), diluted
increasingly busy customers.
dedicate ourselves to all of these things, income per share from ongoing
For commercial laundries, we
only one company stands out as the operations increased 14 percent
unveiled full cycle solutions, designed
clear leader in providing premium from 2004.
specifically to meet laundry challenges
â
programs, technology and service for Our return on beginning
and reduce total operating costs
every aspect of âclean.â That company shareholdersâ equity was 20 percent in
through a combination of chemistry,
2005, the 14th consecutive year in which
is clearly Ecolab.
service, engineering, technology and
Read on for a clear picture of our the company achieved its long-term
water care solutions. This program
2005 accomplishments: financial objective of a 20 percent
allows customers to economize their
return on beginning shareholdersâ
operations in an incredibly competitive
CLEAR equity.
market environment.
â
FINANCIAL PERFORMANCE Our share price rose 3 percent in
And we expanded our MarketGuard
â We adopted the new accounting 2005 â slightly outperforming the
program globally to give food retailers
standard for expensing stock options Standard & Poorâs 500. Our share
worldwide access to the best food
and restated our prior year financial performance has exceeded that of the
safety, pest elimination and floor care
statements in transitioning to the new S&P 500 in 12 of the past 15 years. In
solutions to achieve the highest
rules. All financial information in this addition, we increased our quarterly
standards of cleanliness and sanitation
dividend rate for the 14th consecutive
report reflects these restatements. See
in their operations. MarketGuard
the Notes to the Consolidated Financial year, as it rose 14 percent in December
represents the success both Ecolab and
Statements for more information. to an indicated annual rate of $0.40 per
our customers achieve when we employ
â We are proud to report that our net common share.
the best practices from our many areas
â
sales rose to $4.5 billion in 2005, an We achieved record cash flow from
of expertise to create one customized
increase of 8 percent over 2004, fueled operating activities of $590 million, and
solution for our customers.
by double-digit growth from Kay, Pest our total debt to capitalization ratio
Check out more of our latest
Elimination, Healthcare, Vehicle Care remained unchanged from year-end
product, program and service offerings
and Latin America, along with strong 2004 at 31 percent. These results
in the âReview of Operationsâ section of
gains from Institutional, GCS Service allowed us to retain our debt rating
this report.
and Asia Pacific. within the âAâ categories of the major
Because service to customers is our
â Operating income was $542 million rating agencies during 2005.
first priority and our ultimate customer
in 2005, up 11 percent from $490 million
solution, we continued to invest in our
CLEAR PRODUCT AND
in 2004, leveraging the strong sales
sales-and-service organization in 2005.
SERVICE DIFFERENTIATION
gain and effective cost-savings
We added more than 600 new
initiatives. Operating income increased In 2005, we committed to providing
associates to our global field
to 12.0 percent of net sales, compared customers with even more complete
organization, which is now nearly 13,000
to last yearâs 1 1.7 percent. solutions and new programs to meet
strong. We also made significant
â Diluted net income per share was every need in their operations.
Ecolab | Annual Report 2005 | 3
3. IR Magazine. Recipients of this honor
investments in additional training and and his outstanding leadership abilities
tools for our associates in the field, and focus were great assets as he built are selected by means of an
including our portable 360Âș Advisor our international business, especially independent survey of more than 4,000
computers, so they can continue to do during his role leading the Ecolab investors. The increased emphasis on
what they do best â build long-lasting Europe business to create one global corporate governance makes this award
relationships with our valued customers. Ecolab. particularly meaningful to Ecolab, and is
â In August, Jochen Krautter retired a credit to the high standards of
CLEAR EXPANSION STRATEGY from Ecolabâs board of directors. Jochen conduct in which we hold ourselves in
We continue to execute a disciplined had served on Ecolabâs board since all areas of our work.
In addition, IndustryWeek named
acquisition strategy to ensure the 2002 as a member of the Finance
businesses we acquire are a sound Committee. We thank Jochen for his Ecolab to its â50 Best Manufacturing
strategic fit and meet our financial valued service on the board and to our Companiesâ report, which identifies the
criteria. company, and wish him well. top-performing manufacturers in the
â United States. IndustryWeek focuses on
In January 2005, we acquired Also in August, Ecolabâs board of
Kansas-based Midland Research directors appointed Kasper Rorstad to financial measures that pertain to
Laboratories, a $16 million provider of fill the vacancy created by Jochen operational efficiency and operating
water treatment products, process Krautterâs retirement. Kasper is success in order to determine the best
chemicals and services serving the executive vice president of Human manufacturing companies, which is
commercial, institutional, industrial, Resources, IT and Logistics & another great acknowledgement of our
food and sugar processing markets. We Purchasing for Henkel KGaA of company.
also acquired Kilco Chemicals Ltd., of DĂŒsseldorf, Germany. We welcome him And paying tribute to our dedicated
salesforce, Selling Power magazine
Belfast, Northern Ireland, in April 2005. to the Ecolab board.
â
With annual sales of $5 million, Kilco Finally, in February 2006, we again praised Ecolab as one of the best
offers products, systems and services regretfully accepted the resignation of companies in America to sell for. Our
for the food and beverage processing Steve Newlin. Steve served as the ongoing commitment to training,
industry, further expanding Ecolabâs president of our Industrial Sector for compensation and development of our
reach in this core market. We continue the past three years, and was a strong field sales-and-service team earned us
to be active in our acquisition efforts to and valued member of our management this notable recognition for the second
broaden our business, improve scale team. We appreciate Steveâs straight year.
and increase our capacity to better contributions to our business, and wish
OUTLOOK FOR 2006
serve our customer needs. him success in his new venture.
As we look ahead at the opportunities
CLEAR CLEAR and challenges we face, our vision
LEADERSHIP DEVELOPMENT ACHIEVEMENT & RECOGNITION remains as clear as ever. We will deliver
As detailed in the sidebar of this letter, For the sixth consecutive year, we were strong and sustainable growth.
Ecolabâs Chairman of the Board Al honored to be named one of the â100 We will continue our long tradition
Best Corporate Citizensâ by Business
Schuman will retire in May 2006 after of growth in 2006 and beyond by
Ethics magazine. Ecolab is one of only
a remarkable 49 years of service to focusing on what we do best:
Ecolab. We thank him for his dedication 19 companies to receive this recognition surrounding our customers with an
and many contributions in building every year since its inception. Corporate expanding array of solutions, entering
Ecolab. The Ecolab board of directors integrity and good citizenship are new market segments where we can
has announced that it plans to elect essential pillars of our business, and clearly differentiate and add unique
Doug Baker to the post of chairman recognition like this reaffirms our value, and making the right strategic
upon Alâs retirement. Additional ongoing commitment to conducting our investments in our business to better
important leadership developments business the right way for our serve our many stakeholders.
include the following: customers, our shareholders and our To achieve this, we will leverage our
â In June, John Spooner retired associates. Circle the Customer strategy through
from Ecolab after 11 years of service. Ecolab was also recognized for cross-selling and cross-marketing of our
John held a number of significant âBest Corporate Governanceâ among many divisional services, as well as
management posts during his tenure, mid- to large-cap companies by introducing a new stable of
| Ecolab | Annual Report 2005
4
4. improvements and cost savings allow us
to strengthen our infrastructure and
create more robust solutions within our
supply chain, information technology,
and capital investments.
Saluting None of this is possible without
49 years of service the intense focus and exceptional
performance of our global workforce.
They clearly possess the drive and the
talent required to push us to greater
In an exceptional career that has spanned five decades, Al Schuman has achievements. They have done it year
been a key figure in molding the future of Ecolab. He began his remarkable after year, and we are confident they
journey with Ecolab in 1957 as a junior salesman in Queens, New York. will do it again in 2006, because we
After a decade of service in the field, he went on to create the very have a culture built squarely on service
successful national accounts structure that helped drive Ecolabâs success, execution and value-based results.
to work tirelessly as general manager of our largest businesses, and to Our expectations of our global
serve nine impressive years as chief executive officer, from 1995 to 2004. associate base are absolutely clear.
Our spirit, pride, determination,
commitment, passion and integrity are
In May 2006, after 49 years of service, performance, and aggressive
growth, Al will retire as Ecolabâs Chairman of the Board, a post in which he unparalleled. Ecolab associates embody
has served since 2000. Al has been a thoughtful, tenacious and devoted these traits by living this culture every
member of Ecolabâs board since 1991, and his wise counsel, enthusiasm day. We care deeply about our
and motivational approach will be missed. customers, our company and one
another. Clearly, thatâs what being part
Alâs legacy at Ecolab will continue in many ways, from the companyâs of the Ecolab family is all about.
strong commitment to service and customer relationships to its focus on There is no mystery to Ecolab.
training and development for associates. His steadfast commitment, deep Weâre clear about the high expectations
industry knowledge, and unstoppable drive for success for our associates, we set for ourselves and our company,
our customers and our company has helped secure and solidify Ecolabâs our demanding performance standards,
place as the market leader in premium cleaning and sanitation products and our passion for serving our
and services worldwide. Thank you, Al, for sharing your unwavering customers and shareholders. So when
dedication and determination on behalf of our company and all of us our associates, customers and
in the Ecolab family. shareholders think of the company that
provides these better than any other,
the answer is clear.
Clearly Ecolab.
leading-edge product solutions. This will field headcount in the face of rising raw
be fueled by the strong global customer materials and other costs, we choose to
relationships already established by our invest in our people, their training and
core Institutional, Pest Elimination, Food field technology. We know there is no
& Beverage, and Kay businesses. more powerful driver for customer
Douglas M. Baker
Our continued investments in the satisfaction â and our success â than
President and Chief Executive Officer
strategic pillars of our organization will ensuring we have the best possible
also play a critical role in continued service force that executes effectively.
growth. We will make further Our strategy for reducing costs in
investments in our winning sales-and- this tough operating environment is
service force by adding more talented based on carefully reviewing and
people to our undisputed industry- streamlining our business processes to
leading field team. While some find ways to more efficiently and Allan L. Schuman
competitors have chosen to reduce their effectively serve our customers. These Chairman of the Board
Ecolab | Annual Report 2005 | 5