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US Ecology reported its first-quarter 2021 results, revealing a revenue of $228.6 million, down 5% from last year. The Field Services segment saw a 4% revenue growth, driven by emergency response services. In contrast, the Waste Solutions sector experienced a 3% decline, with a 9% drop in event business. The net loss for the quarter was $796,000, or $0.03 per diluted share, improved from a significant $298.1 million loss in Q1 2020. Adjusted EBITDA stood at $33.2 million, down from $43.2 million in the previous year. The company reaffirms its annual outlook amid signs of recovery.
US Ecology (ECOL) is set to release its Q1 2021 financial results on April 29, 2021, following market closure. An investor conference call will follow on April 30, 2021, at 11:00 AM ET to discuss these results. The company will also participate in various investor conferences in May and June, including events hosted by Oppenheimer and Credit Suisse. Interested parties can access details and replays via the company’s investor relations website.
US Ecology reported a net loss of $92.4 million, or $2.97 per diluted share, for Q4 2020 despite revenue growth to $241.1 million, a 4% increase year-over-year. The Field Services segment saw a 16% revenue increase, while Waste Solutions revenues decreased by 8%. The company experienced goodwill impairment charges totaling $104.6 million. For 2021, US Ecology anticipates revenues between $940 million and $990 million, with adjusted EPS expected to range from $0.65 to $0.88.
US Ecology, Inc. announces the appointment of Mack L. Hogans as an independent director on its Board, increasing the total number of directors to 10. Hogans brings over 25 years of leadership experience, particularly in environmental safety and governance, enhancing the Board's expertise. Chairman Jeffrey R. Feeler expressed confidence in Hogans' ability to contribute to US Ecology's strategic goals as a premier provider of environmental services. Hogans has previously held significant roles at Weyerhaeuser and currently serves as lead independent director at Boise Cascade Company.
US Ecology (NASDAQ: ECOL) announced it will release its Q4 2020 and annual financial results on February 25, 2021, after market close. Management will hold an investor conference call on February 26 at 10:00 AM ET to discuss these results.
The company is also scheduled to participate in investor conferences on March 18 and March 25, 2021. The events can be accessed through the company's investor relations website.
Heritage Environmental Services and Romeo Power have launched a new fleet electrification program aimed at integrating Battery Electric Vehicles (BEVs) into HES's operations. The initiative plans to select commercial partners for producing BEVs, with the objective of purchasing 500 vehicles by 2025 and electrifying up to 2,000 trucks in the future. US Ecology will also observe the program as it considers its own electrification options for its fleet of 1,100 trucks. This collaboration underscores a commitment to sustainability and innovation in the transportation sector.
US Ecology (NASDAQ: ECOL) reported Q3 2020 revenue of $238.1 million, a 42% increase year-over-year, boosted by a $80.9 million contribution from NRC. Net income was $6.3 million or $0.20 per diluted share, down from $13.1 million or $0.59 in Q3 2019. Adjusted EBITDA rose to $45.4 million, with strong cash flow generation of $16.8 million. The full-year revenue outlook is set between $911 million and $931 million, with adjusted EPS guidance of $0.36 to $0.50. Despite challenges, the company anticipates recovery in 2021.
US Ecology (NASDAQ: ECOL) announced financial results for Q3 2020 will be released on November 5, 2020, post-market close. An investor conference call is scheduled for November 6, 2020, at 11:00 AM ET to discuss these results. Management will attend the Baird 2020 Global Industrial Conference on November 12 and the BMO 2020 Growth and ESG Conference on December 9. Interested parties can access the call via phone or through the Company’s website for live streaming and replay options.
US Ecology, Inc. [NASDAQ: ECOL] has introduced Aerosol Recycling Technology (ART), a pioneering sustainable solution for aerosol waste, ensuring zero emissions and landfill-free processing. Developed in collaboration with Despray Environmental, ART captures gas propellant into liquid fuel and produces recyclable metal and reusable fuel alternatives. Operating since summer 2020 at their Beatty, NV facility, this technology highlights US Ecology's commitment to sustainability. The initiative is expected to position the company as a leader in the environmental services sector, supporting waste reduction goals and enhancing circular economy practices.
US Ecology reported its Q2 2020 results, revealing total revenue of $213.9 million, a 37% increase year-over-year. However, the Legacy US Ecology segment witnessed an 8% decline in revenue, with a 10% drop in Base Business revenue, partly offset by a 12% rise in Event Business revenue. The net loss was $5.2 million, translating to $0.17 per diluted share, a decline from a profit of $15.5 million in Q2 2019. The acquisition of NRC contributed significantly, yet the company anticipates ongoing challenges due to COVID-19. Strong free cash flow increased by 190% to $18.7 million.
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