US Ecology just announced that it is one of three companies selected to handle the PCB-contaminated waste that will be generated by GE’s environmental dredging project to clean up the Hudson River.
The waste will be disposed of at US Ecology’s Grand View, Idaho facility.
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In a press release, US Ecology’s President and Chief Executive Officer Jim Baumgardner commented on the news:
“We are very … Read the rest
American Ecology released its third quarter results today. Operating income was 6.8 million, an increase of 3% from last year. Revenue was $41.1 million, an increase of 4% from last year. Gross profit decreased 2%, from $10.2 million this time last year to $10 million this year. However, the gross profit figure from last year included a large, one-time adjustment of $797,000 to closure and post-closure obligations, so the change isn’t as great as … Read the rest
The Emervest blog recently reviewed the stocks of two waste management companies, American Ecology(ECOL) and Clean Harbor (CLHB). American Ecology treats both hazardous and low-level radioactive waste, and has been doing quite well. Last quarter, the company’s net income increased 20%. Their stock has increased by almost 50% this year, as well.
Clean Harbors is another good waste management stock that is also on the rise, having increased approximately 40% since New Year’s 2008. The … Read the rest