KNA Capital Management's Todd Wenning on making sense of the upside with Ecolab $ECL
NOV 8, 202464 MIN
KNA Capital Management's Todd Wenning on making sense of the upside with Ecolab $ECL
NOV 8, 202464 MIN
Description
<p>Todd Wenning, CFA, President and CIO at KNA Capital Management, joins the podcast to discuss his thesis on Ecolab Inc. (NYSE: ECL), a global sustainability leader offering water, hygiene and infection prevention solutions and services.</p>
<p>For more information about KNA Capital Management, please visit: <a href="https://www.kna-capital.com/" target="_blank" rel="ugc noopener noreferrer">https://www.kna-capital.com/</a></p>
<p>To subscribe to Todd's newsletter, Flyover Stocks, on Substack, please visit: <a href="https://www.flyoverstocks.com/" target="_blank" rel="ugc noopener noreferrer">https://www.flyoverstocks.com/</a></p>
<p>You can Follow Todd Wenning on Twitter/X @ToddWenning: <a href="https://x.com/ToddWenning" target="_blank" rel="ugc noopener noreferrer">https://x.com/ToddWenning</a></p>
<p>Chapters:</p>
<p>[0:00] Introduction + Episode sponsor: Daloopa</p>
<p>[1:24] What is Ecolab $ECL and why is it interesting to Todd</p>
<p>[3:38] What is Todd seeing that the market is missing with $ECL</p>
<p>[6:30] $ECL achilles heel and how they are addressing that / understanding the upside</p>
<p>[12:33] $ECL business and major drivers for growth</p>
<p>[20:11] Water vertical / why Ecolab's products and services are critical to data centers, hospitals</p>
<p>[26:29] Does it make sense for $ECL to have all these businesses under one roof?</p>
<p>[29:22] Cintas comparison: market penetration / has $ECL ever lost a QSR?</p>
<p>[36:18] Insider ownership and incentives / Bill Gates investment, starting to sell through Cascade</p>
<p>[45:47] Debate on AI and automation with Ecolab</p>
<p>[51:37] Difference between Ecolab and Cintas or Costco</p>
<p>[57:16] What would cause $ECL to regress to the mean</p>
<p>[1:00:57] $ECL Final thoughts</p>
<p>Today's sponsor: Daloopa
Hey there, fundamental analysts - Are you tired of the endless grind of updating financial models, scrubbing documents, and hard coding? Let’s talk about something that could transform your workflow—Daloopa.</p>
<p>Daloopa delivers perfect historicals for thousands of public companies. That means every KPI, operating data, financial metric, adjustment, and guidance—all at your fingertips. And here’s the best part: Daloopa updates your models in near real-time, which is especially important during earnings season, tailored to your modeling format and style.</p>
<p>Imagine never having to update your models again. With Daloopa, you can reclaim your time and focus on what really matters—analysis and research.</p>
<p>Want to learn more? Create a FREE account at <a href="https://daloopa.com/YAV" target="_blank" rel="ugc noopener noreferrer">Daloopa.com/YAV</a></p>
![<p>Todd Wenning, CFA, President and CIO at KNA Capital Management, joins the podcast to discuss his thesis on Ecolab Inc. (NYSE: ECL), a global sustainability leader offering water, hygiene and infection prevention solutions and services.</p>
<p>For more information about KNA Capital Management, please visit: <a href="https://www.kna-capital.com/" target="_blank" rel="ugc noopener noreferrer">https://www.kna-capital.com/</a></p>
<p>To subscribe to Todd's newsletter, Flyover Stocks, on Substack, please visit: <a href="https://www.flyoverstocks.com/" target="_blank" rel="ugc noopener noreferrer">https://www.flyoverstocks.com/</a></p>
<p>You can Follow Todd Wenning on Twitter/X @ToddWenning: <a href="https://x.com/ToddWenning" target="_blank" rel="ugc noopener noreferrer">https://x.com/ToddWenning</a></p>
<p>Chapters:</p>
<p>[0:00] Introduction + Episode sponsor: Daloopa</p>
<p>[1:24] What is Ecolab $ECL and why is it interesting to Todd</p>
<p>[3:38] What is Todd seeing that the market is missing with $ECL</p>
<p>[6:30] $ECL achilles heel and how they are addressing that / understanding the upside</p>
<p>[12:33] $ECL business and major drivers for growth</p>
<p>[20:11] Water vertical / why Ecolab's products and services are critical to data centers, hospitals</p>
<p>[26:29] Does it make sense for $ECL to have all these businesses under one roof?</p>
<p>[29:22] Cintas comparison: market penetration / has $ECL ever lost a QSR?</p>
<p>[36:18] Insider ownership and incentives / Bill Gates investment, starting to sell through Cascade</p>
<p>[45:47] Debate on AI and automation with Ecolab</p>
<p>[51:37] Difference between Ecolab and Cintas or Costco</p>
<p>[57:16] What would cause $ECL to regress to the mean</p>
<p>[1:00:57] $ECL Final thoughts</p>
<p>Today's sponsor: Daloopa
Hey there, fundamental analysts - Are you tired of the endless grind of updating financial models, scrubbing documents, and hard coding? Let’s talk about something that could transform your workflow—Daloopa.</p>
<p>Daloopa delivers perfect historicals for thousands of public companies. That means every KPI, operating data, financial metric, adjustment, and guidance—all at your fingertips. And here’s the best part: Daloopa updates your models in near real-time, which is especially important during earnings season, tailored to your modeling format and style.</p>
<p>Imagine never having to update your models again. With Daloopa, you can reclaim your time and focus on what really matters—analysis and research.</p>
<p>Want to learn more? Create a FREE account at <a href="https://daloopa.com/YAV" target="_blank" rel="ugc noopener noreferrer">Daloopa.com/YAV</a></p>](https://us-central1-podcastguru-217d6.cloudfunctions.net/gcf_get_image?image_url=https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/33145623/9ee77c24427faa04.jpeg&width=300&height=300&api_key=xqFmUFX5BHLBTA)