Ecolab Inc. (NYSE:ECL) Q2 2023 Earnings Call Transcript

John Roberts: North American Healthcare Infection Protection is going to use the commercial organization from Institutional. Do you have any other examples within Ecolab, of sort of cross-segment collaboration like that? And will that result in any intersegment financial reporting?

Christophe Beck: So, two parts of your question, John. On one hand, we will, for the time being, still keep that reporting consistent with what we’ve done for now. I can’t speak for the longer term. But for now, I want to keep that consistency to keep the clarity. I made a commitment to you that we will improve the Healthcare business. I truly want to show the improvements that we’re making. It’s not by folding it in something else that we’re going to improve it. So, we’re going to remain consistent and transparent. Now, the second part of your question on Institutional being used by other businesses. The best example I can provide you is for QSR, so the Quick Serve Restaurants, McDonald’s, Burger King, Wendy’s and so on, are always more using dish machine in order to automate the labor they have in their restaurant.

As you know, the QSR is a separate business, and it’s been true for 30 years. It’s not exactly a new thing. In here, well, the Institutional team is the one that’s serving those dish machines as well. It works really well because we get the reach, because we have Institutional everywhere in the country, and they get the cost productivity because of the critical mass and density that Institutional is having. So, what Institutional is doing for QSR is kind of similar than what we’re looking to do for Healthcare as well. So, it’s a model that we’ve practiced in the past already.

Operator: Mr. Hedberg, there are no further questions at this time, I’d like to turn the floor back to you for closing remarks.

Andy Hedberg: Thank you. That wraps up our second quarter conference call. This conference call and the associated discussion slides will be available for replay on our website. Thank you for your time and participation. I hope everyone has a great rest of your day.

Operator: Ladies and gentlemen, thank you for your participation. This does conclude today’s teleconference. You may now disconnect your lines at this time. Thank you.