Date: October 21, 2003
Source: News Room
American Ecology Corp.'s. (NasdaqNM: ECOL) third-quarter net income has risen 218%, a reflection of strong performance at its Grand View, Idaho, disposal facility and improving disposal volumes at its other facilities. The company is reporting net earnings of $3.5 million or 20 cents a share in the third quarter ended Sept. 30, compared to $1.1 million or 6 cents a year earlier. American Ecology's revenues for the third quarter rose 57% to $17.3 million, compared to the $11 million for the same quarter last year. A large remediation project shipped to the company's Grand View disposal facility and revenue increases at the company's Richland, Wash. and Robstown, Texas, disposal facilities accounted for the quarterly increase in revenue.
More information: www.americanecology.com.
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