so you year for very quarter phenomenal to a much, the the off company. capped on Thank performance welcome in strong our call. fourth The Andy, and everyone
way. of hard With years team performance our growth driving quarter organic proud and this on few reflects over X% earnings because entire right share work long-term our collective and fourth team, up dedication I'm underscores last Ecolab so of the per strong XX%. growth focus the the adjusted sales this of the sustained
new conditions, that our with quarter business than improve of business drove continued macroeconomic strong fourth reflecting momentum. demand. soft while macro more positive the Despite the our growth wins the offset value-based in unpredictability team further pricing Volumes maintaining to
each continuing basis by points the operating was led also the segment growth increase customers income operating range, the to and create earnings to driving in was well, value operating fuel and this margin for we and team and quickly margin, accelerated basis consumption. our long-term execute on continue growth.
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improve, Sciences capacity the America income prevention which Life market slightly grown than performance our double XXXX we growth ongoing the this our was from high-margin sequentially continue As and year income expect expect investments good, high-growth us the enabling last profitability few gain our the strong Healthcare's to this being performance, long-term, for market. very separating over to more in attractive, despite pressures.
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up than XX% benefits relative to but we by Additionally, costs. XXXX lower moderately levels, costs year's are from some anticipated. we've product last had fourth a declined bit mid-single compared seen more This digits delivered to still quarter,
take of assumes XXXX the to will costs. year. Therefore, of the a half remain year and half first costs trajectory our We the in on prudent in delivered the that of these for product second stable the stance continue outlook favorable
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to remains margin gross recapturing Our focus on our historical fully reach margin XX% target. our OI XX%
a down in Our our the few value-based and conviction product pricing over that target this further are years. costs model achieving now next strengthened coming delivered
underlying our productivity strong continue leverage capabilities. remains Our as we digital also to leading
as third compared increase with As dollars in improvements year SG&A further relatively point expect to expected, in in remained expenses progresses. previous quarter. few years, to sequential consistent SG&A drive percentage we And our SG&A the the stable anticipate QX, a ratio but
XX% Ecolab, amplified delivered to product lower that shorter-term year to be on for earnings by our is another XX% from benefits growth trajectory We XXXX long-term costs. expect building strong
we operating the volume as income product growth With drive margin per demand which to we further robust continued but maintain half expansion. range, to business microeconomic inflation of soft in For expect the stable XX% in XX% and momentum the delivered as year, to pricing, we share lower assumes earnings first expect year and costs eases. our adjusted the this, grow global
quarter, adjusted in to the XX% from the XX% costs benefit to delivered year. versus product at digits the first increasing down expected resulting is per Looking with costs high share in earnings quarter, last single lower peak
as delivered long-term product normalize progressively end the favorability is Ecolab's first to the earnings per upper target adjusted lower Beyond eases. towards expected of quarter, diluted from XX% costs to quarterly growth share XX%
will shareholders. the and to and Most always, invest by increasing industry, stewards team, to the also and with stable science good performance of than As we of cash parameters are market and confident business, will we the work serve.
I our to capabilities we long-term continue high-quality returning deliver importantly, the continuing as for remain our capital in in shareholder dividend Ecolab's stronger billion in $XXX ever. share strong I'm we believe superior grow outlook continued to returns. our best
support in continued your for forward your you look thank questions. investment Ecolab. I to and So
