Ecolab Inc.
ECLQ2 2024(ECL Q1 FY2024)Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$558.9M
AI Revenue (Q)
$56.3M
Total Revenue (Q)
$3.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Ecolab reported Q1 FY2024 net sales of $3,751.9M. No AI-specific revenue breakout. Notable: capitalized software on balance sheet grew to $1,006.4M (from $985.9M at year-end 2023), and 'dispensing and monitoring equipment' (later renamed from 'merchandising and customer equipment') stands at $2,817.7M, suggesting significant investment in connected equipment. The Combined Program's $175M annualized cost savings demonstrate digital transformation underway. Slightly higher estimate (1.5%) reflects growing digital capability penetration. Math: $3,751.9M x 1.5% = ~$56.3M.
Analyzed by claude-opus-4-6
Quoted Figures
Reported GAAP net sales $3,751.9M
10-Q filed for period ending March 31, 2024, MD&A Net Sales table
Capitalized software $1,006.4M; Merchandising and customer equipment $2,817.7M
10-Q filed for period ending March 31, 2024, Notes: Balance Sheet
The Combined Program has delivered $137 million of cumulative cost savings with estimated annualized cost savings of $175 million in continuing operations by 2024
10-Q filed for period ending March 31, 2024, MD&A Special Charges
AI Products Identified (Ring 1)
3D TRASAR water monitoring technologySmart dispensing systems with remote monitoringECOLAB3D digital analytics platformPredictive maintenance solutions
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
IoT-connected dispensing equipmentRemote monitoring and control servicesData-driven customer insights platformDigital operational efficiency tools
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix