US Ecology participates in a conference call with Stifel » 09:5003/2503/25/20
Conference call with CEO…
Conference call with CEO Feeler and CFO Gerratt who will discuss the stability of the Company's current business model on March 25 at 11:30 am hosted by Stifel.
|Over a week ago|
US Ecology says currently providing COVID-19 decontamination services » 07:2103/1903/19/20
US Ecology in response to…
US Ecology in response to the COVID-19 Coronavirus outbreak, offers a comprehensive range of decontamination response and disposal services to customers, providing safe solutions for all disinfecting and decontamination needs to combat the spread of COVID-19. The company said, "US Ecology's highly-trained professionals are currently providing COVID-19 decontamination services for a wide range of customers including retail establishments, government agencies, cruise lines, restaurants, as well as insurance, transportation and other companies across the country. The Company's experts safely handle hazardous materials and infectious waste streams on a daily basis while performing many services, and have extensive experience with managing decontamination responses to biohazards and infectious disease outbreaks with the current COVD-19 outbreak as well Ebola, H1N1 and other past health crises. US Ecology's broad range of decontamination services include biological and infectious response, cleanup and disposal, blood borne pathogen cleanup and infectious waste management. US Ecology's decontamination procedures meet or exceed the recommendations and work practices established by the Center for Disease Control, Occupational Safety and Health Administration, World Health Organization and other agencies. At each site, crew members follow stringent protocols to establish highly defined and controlled support, entry, decontamination and hot zones to ensure the safe entry/exit of response personnel and the protection of non-response personnel from affected areas. Decontamination procedures are executed by highly-trained personnel wearing the highest-grade personal protective equipment and using only approved and highly effective hospital-grade disinfecting agents."
US Ecology, Republic Services, Waste Management upgraded to Buy at UBS » 06:3803/0403/04/20
WM, RSG, ECOL, WCN
UBS analyst Jon Windham…
UBS analyst Jon Windham upgraded US Ecology (ECOL), Republic Services (RSG) and Waste Management (WM) to Buy from Neutral as part of a broader research note in North American Environmental Services, citing attractive valuation during a period of near-term market volatility. The analyst is also raising his price target on US Ecology to $60 from $58, Republic Services to $109 from $90, and Waste Management to $132 from $116. The analyst notes that after a 9% decline in the large Municipal Solid Waste space from mid-February highs, the companies' free cash flow yield spread relative to the 10-year Treasury rate has risen to 315bps vs. 240bps average over the past 12 months. Windham adds that he anticipates "significant cash-flow generation and strong balance sheets" to support accelerated share repurchases in the first half of 2020 if the stock market is to remain weak. The analyst further sees Waste Connections (WCN) as his top pick, forecasting free-cash-flow growth of 13.7% over the next 5 years given the M&A optionality of its balance sheet.
US Ecology upgraded to Buy from Neutral at UBS » 06:3103/0403/04/20
UBS analyst Jon Windham…
UBS analyst Jon Windham upgraded US Ecology to Buy from Neutral with a price target of $60, up from $58.
|Over a month ago|
US Ecology sees FY20 EPS $1.65-$2.12, consensus $2.20 » 16:5702/2602/26/20
Management expects adjusted EBITDA to range from $230 million to $250 million in 2020, with NRC expected to contribute $91.0 million of adjusted EBITDA at the midpoint of our guidance range and including approximately $7.2 million of net synergies. Adjusted earnings per diluted share is expected to range from $1.65 to $2.12 and reflects approximately $0.53 per diluted share (approximately $16.7 million, net of tax) of amortization of intangible assets related to the NRC acquisition. Cash earnings per diluted share is expected to range from $2.45 to $2.92 in 2020. Consensus for revenue is $1.09B.
US Ecology reports Q4 EPS 38c, consensus 56c » 16:5502/2602/26/20
Reports Q4 revenue…
Reports Q4 revenue $231.3M, consensus $.241.32M
US Ecology files to sell 5.44M shares of common stock for holders 17:3001/0601/06/20
|Over a quarter ago|
US Ecology plans to voluntarily delist warrants from Nasdaq Global Select Market » 07:1711/2011/20/19
On November 1, 2019, US…
On November 1, 2019, US Ecology (ECOL) completed a merger transaction in which the Company acquired NRC Group Holdings Corp. (NRCG). In the Merger, warrants to purchase shares of NRCG common stock, par value $0.0001, were converted into warrants to purchase shares of the Company's common stock, par value $0.01. In connection with the closing of the Merger, the ECOL Warrants were listed on the Nasdaq Global Select Market under the symbol "ECOLW." On November 19, 2019, the Company notified Nasdaq that it intends to delist the ECOL Warrants from Nasdaq GS, effective prior to the open of trading on December 9, 2019, because the ECOL Warrants do not meet the minimum 400 round lot holder requirement for listing as set forth in Nasdaq Listing Rule 5515(a)(4). The Company intends to pursue a listing of the ECOL Warrants on the NYSE American exchange where it believes the ECOL Warrants would satisfy all of the exchange's initial listing criteria, including that exchange's round lot holder requirements, on or prior to December 9, 2019. There can be no assurance that the Company will list the ECOL Warrants on the NYSE American exchange in the anticipated timeframe or at all. The Company anticipates that, if it is unable to list the ECOL Warrants on the NYSE American exchange prior to the delisting of ECOL Warrants from Nasdaq GS, the ECOL Warrants will be eligible for trading on the over-the-counter markets operated by OTC Markets Group. The anticipated voluntary delisting of the ECOL Warrants from Nasdaq GS does not have, and is not expected to have, an impact on the listing of the Company's common stock, which will continue to trade on Nasdaq GS under the symbol "ECOL."
US Ecology tightens FY19 adj. EPS to $2.12-$2.26 from $2.09-$2.41 » 17:1610/3010/30/19
Consensus $2.29. Raises…
Consensus $2.29. Raises FY19 revenue view to $691M-$713M from $583M-$627M, consensus $612.31M. Revenue for 2019 now includes estimated revenue from NRCG of $70M for two months of ownership.
US Ecology reports Q3 adj. EPS 75c, consensus 74c » 17:1110/3010/30/19
Reports Q3 revenue…
Reports Q3 revenue $167.4M, consensus $161.31M.