American Ecology earnings up

30 May 2001

American Ecology Corporation has reported first quarter 2001 earnings of $1.48 million, compared to $1.38 million a year ago. The company says that the increase was driven by the acquisition of Envirosafe Services of Idaho in February.

American Ecology acquired Envirosafe in a stock purchase from Envirosource and renamed it US Ecology Idaho on May 1. Both American Ecology and its new subsidiary have hazardous waste treatment and disposal facilities. US Ecology, a subsidiary of American Ecology, also operates a low-level radwaste disposal site in Washington state for the northwest Compact. The former Envirosafe has also disposed of uranium mill tailings at its Idaho hazardous waste disposal facility under a contract with the US Army Corps of Engineers. The Corps oversees a cleanup operation called the Formerly Utilized Sites Remedial Action Program, which includes the tailings.

US Ecology Idaho is expected to add annual revenue of $12 million. American Ecology reported $12.9 million in revenues in the first quarter of 2001, compared to $9.3 million a year ago.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.