11:24 AM EDT, 07/15/2025 (MT Newswires) -- Ecolab ( ECL ) will likely release Q2 results in line with expectations on July 29 as the company is seeing muted volume but improving pricing, RBC Capital Markets said in a note emailed Tuesday.

The company will likely deliver about 3% organic growth in Q2 and "flat-to-1% volume growth as strength in the High Tech, Life Sciences, Institutional, and Pest segments is partially offset by softness in Industrial end markets, Healthcare, and Specialty," the note said.

RBC forecasted 2% to 3% pricing increases and sees the possibility of further improvement in H2 as "tariff-related pricing surcharges are rolled out."

The investment firm expects Ecolab ( ECL ) to post Q2 adjusted EPS of $1.89 versus consensus estimates of $1.90, and Q2 revenue of $4.042 billion compared with Street estimates of $4.028 billion.

Meanwhile, the company will likely deliver a Q3 outlook "bracketing consensus" and may provide a "modest increase" in full year guidance due to forex tailwinds, the note said.

RBC has an outperform rating on Ecolab ( ECL ) and $294 price target.

Price: 266.19, Change: -2.04, Percent Change: -0.76