U.S. Ecology (ECOL) Misses Q4 EPS by 11c

U.S. Ecology (NASDAQ: ECOL) reported Q4 EPS of $0.36, $0.11 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $138.3 million versus the consensus estimate of $131.7 million.

GUIDANCE:

U.S. Ecology sees FY2016 revenue of $502-528 million, versus the consensus of $508.37 million.

"Fourth quarter operating results and Pro Forma adjusted EBITDA came in slightly better than we anticipated on stronger Base Business, with key verticals rebounding from disappointing third quarter results," commented Chairman and Chief Executive Officer, Jeff Feeler. "Our Base Business1 grew 3% in the fourth quarter of 2015 over the fourth quarter last year led by general manufacturing and refining verticals and was up 6% sequentially from the third quarter of 2015 on strength in verticals such as chemical, general and metals manufacturing. As expected, our project-driven Event Business1 was down due the completion of a large east coast clean-up project and continued project deferrals, which are likely to benefit 2016. Our Field and Industrial Services segment continued its growth, outperforming our expectations for the quarter."

For earnings history and earnings-related data on U.S. Ecology (ECOL) click here.

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