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News Article | May 5, 2017
Site: www.marketwired.com

BOISE, ID--(Marketwired - May 05, 2017) - US Ecology, Inc. ( : ECOL) ("the Company") today announced that management is scheduled to present at several upcoming investor conferences and events in May and June 2017. May Conferences On Monday, May 8, 2017, management will be attending the Waste 360 Expo Summit at the Ernest N. Morial Convention Center in New Orleans, LA. US Ecology's presentation is scheduled for 10:10 a.m. Central Time (11:10 a.m. Eastern Time). On Wednesday, May 10, 2017, management will be presenting at the Wells Fargo Industrial and Construction Conference held at the Lotte New York Palace Hotel in New York City. US Ecology's presentation is scheduled for 10:40 a.m. Eastern Time. On Thursday, May 18, 2017, management will be at the Houlihan Lokey 12th Annual Global Industrials Conference held at the Hilton Midtown New York. June Conferences On Thursday, June 1, 2017, management is scheduled to present at the 2017 KeyBanc Capital Markets Industrial, Automotive & Transportation Conference at the InterContinental Hotel in Boston, Massachusetts. On Thursday, June 15, 2017, management is scheduled to present at the Stifel 2017 Industrials Conference held at the Lotte New York Palace Hotel in New York City. Final schedules and links to available webcasts and presentations will be available on the investor relations section of the company's website at http://investors.usecology.com/events-and-presentations.aspx. About US Ecology, Inc. US Ecology, Inc. is a leading North American provider of environmental services to commercial and government entities. The Company addresses the complex waste management needs of its customers, offering treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a wide range of complementary field and industrial services. US Ecology's focus on safety, environmental compliance, and best-in-class customer service enables us to effectively meet the needs of our customers and to build long-lasting relationships. Headquartered in Boise, Idaho, with operations in the United States, Canada and Mexico, the Company has been protecting the environment since 1952. For more information, visit www.usecology.com.


News Article | July 17, 2017
Site: www.marketwired.com

BOISE, ID--(Marketwired - July 17, 2017) - US Ecology, Inc. (the "Company") ( : ECOL) today announced the appointment of Ronald (Ron) C. Keating to the Company's Board of Directors ("Board"). Keating was also appointed to the Board's Compensation Committee. Jeffrey R. Feeler, Chairman and Chief Executive Officer, commented, "We are pleased to have Ron join our Board. His significant operational and leadership experience will be a welcomed addition to our Board, complementing the extensive experience of our existing Board members. We welcome Ron's immediate contributions to position US Ecology as the premier North American service provider of environmental and field services." Keating brings more than 25 years of operations and leadership experience with companies providing solutions to municipal, industrial and infrastructure customers. He is currently the Chief Executive Officer and a director at Evoqua Water Technologies LLC, a global provider of water and wastewater treatment solutions and services. Keating previously served as President and Chief Executive Officer at Contech Engineered Solutions and held senior leadership positions at Kennametal Inc. and Ingersoll-Rand Inc. Keating holds an MBA from the Kellogg School of Management at Northwestern University and a B.S. in Industrial Distribution from Texas A&M. About US Ecology, Inc. US Ecology, Inc. is a leading North American provider of environmental services to commercial and government entities. The Company addresses the complex waste management needs of its customers, offering treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a wide range of complementary field and industrial services. US Ecology, Inc.'s focus on safety, environmental compliance, and best-in-class customer service enables us to effectively meet the needs of our customers and to build long-lasting relationships. The Company has been protecting the environment for more than 60 years and has operations in the United States, Canada and Mexico. For more information visit www.usecology.com.


News Article | July 7, 2017
Site: www.marketwired.com

BOISE, ID--(Marketwired - July 03, 2017) - US Ecology, Inc. (the "Company") ( : ECOL) today declared that stockholders of record on July 21, 2017 will receive a quarterly cash dividend of $0.18 per common share, payable on July 28, 2017. The Company currently has 21.7 million shares outstanding and estimates that approximately $3.9 million in cash will be paid out for the declared quarterly dividend. The Company has paid quarterly dividends continuously since 2005. The Company's current annual dividend yield approximates 1.5%. About US Ecology, Inc. US Ecology, Inc. is a leading North American provider of environmental services to commercial and government entities. The Company addresses the complex waste management needs of its customers, offering treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a wide range of complementary field and industrial services. US Ecology's focus on safety, environmental compliance, and best-in-class customer service enables us to effectively meet the needs of our customers and to build long-lasting relationships. Headquartered in Boise, Idaho, with operations in the United States, Canada and Mexico, the Company has been protecting the environment since 1952. For more information visit www.usecology.com.


BOISE, ID--(Marketwired - August 03, 2017) - US Ecology, Inc. ( : ECOL) ("the Company") today announced that management is scheduled to present at the Canaccord Genuity 37th Annual Growth Conference on Wednesday, August 9th at the InterContinental Hotel in Boston, Massachusetts. US Ecology's presentation is scheduled for 2:30 p.m. Eastern Time. Individuals interested in listening to the live presentation can participate via webcast at http://investors.usecology.com/events-and-presentations.aspx. A replay will also be available. Copies of the presentations will be available on the investor relations section of the company's website as well. About US Ecology, Inc. US Ecology, Inc. is a leading North American provider of environmental services to commercial and government entities. The Company addresses the complex waste management needs of its customers, offering treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a wide range of complementary field and industrial services. US Ecology's focus on safety, environmental compliance, and best-in-class customer service enables us to effectively meet the needs of our customers and to build long-lasting relationships. Headquartered in Boise, Idaho, with operations in the United States, Canada and Mexico, the Company has been protecting the environment since 1952. For more information, visit www.usecology.com.


BOISE, ID--(Marketwired - July 18, 2017) - US Ecology, Inc. (the "Company") (NASDAQ: ECOL) today announced that it will release financial results for the second quarter ended June 30, 2017 on Thursday, July 27, 2017, after the close of the market. Management will conduct an investor conference call on Friday, July 28, 2017 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time) to discuss these results. Questions will be invited after management's presentation. Interested parties can access the conference call by dialing 877-512-4138 or 412-317-5478. The conference call will also be broadcast live on the Company's website at www.usecology.com. An audio replay of the teleconference will be made available through August 4, 2017 by calling 877-344-7529 or 412-317-0088 and using the passcode 10110319. The replay will also be accessible on the Company's website at www.usecology.com. About US Ecology, Inc. US Ecology, Inc. is a leading North American provider of environmental services to commercial and government entities. The Company addresses the complex waste management needs of its customers, offering treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a wide range of complementary field and industrial services. US Ecology's focus on safety, environmental compliance, and best-in-class customer service enables us to effectively meet the needs of our customers and to build long-lasting relationships. Headquartered in Boise, Idaho, with operations in the United States, Canada and Mexico, the Company has been protecting the environment since 1952. For more information visit www.usecology.com.


News Article | July 27, 2017
Site: www.marketwired.com

BOISE, ID--(Marketwired - July 27, 2017) - US Ecology, Inc. ( : ECOL) ("the Company") today reported total revenue of $126.1 million and net income of $5.0 million, or $0.23 per diluted share, for the quarter ended June 30, 2017. Adjusted earnings per share, which excludes foreign currency translation gains and losses the non-cash write-down of deferred financing fees and business development expenses, was $0.38 per diluted share in the second quarter of 2017. "Business conditions continue to develop in line with our expectations for the year," commented Chairman and Chief Executive Officer, Jeff Feeler. "We saw marked improvement in Event Business for our Environmental Services segment in the second quarter of 2017 with growth of 24% compared to the same quarter last year. Base Business for the Environmental Services segment also showed solid gains, up 3% over the second quarter of 2016. This strength was offset in part by the shutdown of one of our treatment facilities due to severe wind damage in March. As a result of the lost profit from this facility we expect to recover $2.5 to $3.5 million in business interruption proceeds in the second half of the year. Our Field and Industrial Services Segment delivered results in line with expectations, but down from the prior year as we cycle a contract that was not renewed in late 2016." Total revenue for the second quarter of 2017 was $126.1 million, up from $122.4 million in the same quarter last year. Revenue for the Environmental Services ("ES") segment was $89.6 million for the second quarter of 2017, up 8% from $82.8 million reported in the second quarter of 2016. A 6% increase in treatment and disposal ("T&D") revenue as well as a 15% increase in transportation revenue drove the improvement from the second quarter of 2016. Revenue for the Field and Industrial Services ("FIS") segment was $36.5 million for the second quarter of 2017 compared to $39.6 million in the same period of 2016, reflecting the expiration of a contract that was not renewed and softer overall market conditions for industrial and remediation services. Gross profit for the second quarter of 2017 was $35.9 million, down from $36.9 million in the same quarter last year. Gross profit for the ES segment was $30.7 million in the second quarter of 2017, up slightly from $30.6 million in the same quarter of 2016. T&D gross margin for the ES segment declined to 38% for the second quarter of 2017 from 42% in the second quarter of 2016, driven primarily by the shutdown of one of our large treatment facilities due to severe wind damage. Gross profit for the FIS segment in the second quarter of 2017 was $5.2 million. This compares to gross profit of $6.3 million in the second quarter of 2016. The decline was due to the reduced revenue as well as a less favorable service mix in the second quarter of 2017. Selling, general and administrative ("SG&A") expense for the second quarter of 2017 was $20.0 million compared with $19.8 million in the same quarter last year. SG&A expense increased in the second quarter of 2017 compared to the same period last year due to higher labor and incentive compensation, partially offset by insurance recoveries of approximately $1.1 million primarily related to repairs at our treatment facility in Detroit that was damaged by a windstorm in March of 2017. Operating income for the second quarter of 2017 was $15.9 million compared to $17.1 million in the second quarter of 2016. Net interest expense for the second quarter of 2017 was $8.5 million, up from $4.3 million in the second quarter of 2016. Interest expense for the second quarter of 2017 included the previously announced non-cash charge of $5.5 million associated with the write-off of deferred financing fees related to our former credit facility that was refinanced in April 2017. Excluding the non-cash deferred financing fees charge, interest expense decreased compared to the second quarter of 2016 as a result of a lower interest rate on our new credit facility and reduced debt levels. The Company's consolidated effective income tax rate for the second quarter of 2017 was 35.0%, down from 39.6% for the second quarter of 2016. The decrease was due primarily to a higher proportion of earnings from our Canadian operations in the second quarter of 2017, which are taxed at a lower corporate tax rate. Net income for the second quarter of 2017 was $5.0 million, or $0.23 per diluted share, compared to $8.9 million, or $0.41 per diluted share, in the second quarter of 2016. Adjusted earnings per share, which excludes foreign currency translation gains and losses, the gain on sale of divested businesses, the non-cash write-down of deferred financing fees, and business development expenses, was $0.38 per diluted share in the second quarter of 2017, compared to $0.37 per diluted share for the second quarter of 2016. Adjusted EBITDA for the second quarter of 2017 was $27.6 million, down slightly from $27.7 million in the same period last year. Reconciliations of earnings per diluted share to adjusted earnings per diluted share and net income to adjusted EBITDA are attached as Exhibit A to this release. Total revenue for the first six months of 2017 was $236.3 million, up from $235.7 million in the first six months of 2016. Revenue for the ES segment was $170.9 million for the first six months of 2017, up from $164.3 million in the same period of 2016. This increase consisted of a 5% increase in T&D revenue and slightly lower transportation revenue compared to the first six months of 2016. Revenue for the FIS segment was $65.4 million for the first six months of 2017 compared to $71.3 million in the same period of 2016, reflecting the expiration of a contract that was not renewed and softer overall market conditions for industrial and remediation services. Gross profit for the first six months of 2017 was $67.8 million, down from $72.1 million in the same period last year. Gross profit for the ES segment was $59.4 million in the first six months of 2017, down from $61.1 million in the first six months of 2016. T&D gross margin for the ES segment was 38% for the first six months of 2017 compared to 41% for the first six months of 2016, driven primarily by the March 2017 shutdown of one of our large treatment facilities due to severe wind damage. Gross profit for the FIS segment in the first six months of 2017 was $8.4 million. This compares to $11.1 million in the first six months of 2016. The decline was due to the reduced revenue as well as a less favorable service mix in the second quarter of 2017. SG&A expense for the first six months of 2017 was $39.7 million compared with $39.2 million in the same period last year. The increase in SG&A expense was primarily due to higher labor and incentive compensation, partially offset by insurance recoveries of approximately $1.3 million primarily related to repairs at a Detroit treatment facility. Operating income for the first six months of 2017 was $28.1 million, down 15% from $32.9 million in the first six months of 2016. Net interest expense for the first six months of 2017 was $12.6 million, up from $8.8 million in the first six months of 2016. Interest expense for the first six months of 2017 included the non-cash charge of $5.5 million associated with the write-off of deferred financing fees related to our former credit facility that was refinanced in April 2017. Excluding the non-cash deferred financing fees charge, interest expense decreased compared to the first six months of 2016 as a result of a lower interest rate on our new credit facility and reduced debt levels. The Company's consolidated effective income tax rate for the first six months of 2017 was 36.2%, down from 39.1% for the first six months of 2016. This decrease primarily reflects a higher proportion of earnings from our Canadian operations which are taxed at a lower corporate tax rate. Net income for the first six months of 2017 was $10.2 million, or $0.47 per diluted share, compared to $16.5 million, or $0.76 per diluted share, in the first six months of 2016. Adjusted earnings per share, which excludes foreign currency translation gains and losses, the gain on sale of divested businesses, the non-cash write-down of deferred financing fees, and business development expenses, was $0.61 per diluted share in the first six months of 2017 compared to $0.69 per diluted share for the first six months of 2016. Adjusted EBITDA for the first six months of 2017 was $51.1 million, down 5% from $53.9 million in the same period last year. Reconciliations of earnings per diluted share to adjusted earnings per diluted share and net income to adjusted EBITDA are attached as Exhibit A to this release. On April 18, 2017, the Company entered into a new $500 million, five-year, senior revolving credit facility (the "New Credit Agreement") with a syndicate of banks to refinance the Company's former credit facility. The interest rate under the New Credit Agreement is initially set at LIBOR Rate plus 1.50%, representing a 150 basis point improvement over the interest rate from our previous credit facility. Additional details and terms, including a copy of the New Credit Agreement, can be found in the Form 8-K filed by the Company on April 20, 2017. The reduced interest rates and fees on the New Credit Agreement are expected to generate cash interest savings of approximately $15 million over the five-year term. Additionally, in connection with the termination of the former credit facility, the Company wrote off $5.5 million of unamortized deferred financing costs related to fees paid on the former credit facility. This non-cash charge was recognized as additional interest expense in our second quarter 2017 financial results. "Overall, business conditions remain consistent with our expectations," added Feeler. "We have seen a return to growth in our Event Business during the second quarter and our Base Business continues to perform in line with our expectations of 3-5% growth for the full year. Our pipeline of opportunities is expanding and we continue to project significant financial improvement during the second half of the year. We also expect to receive between $2.5 and $3.5 million of insurance proceeds in the second half of the year, related to lost profit for the shutdown of our treatment facility during the second quarter. We do remain cautious however, due to continuing shifting of certain projects from our third quarter to our fourth quarter of the year, creating the potential for further slippage into the first quarter of 2018." While the Company is reaffirming its previously issued 2017 adjusted EBITDA guidance range of $120 million to $130 million, we are currently tracking to the lower end of the adjusted EBITDA guidance range. The following table reconciles our projected net income to our adjusted EBITDA guidance range: The Company is also reaffirming its annual adjusted diluted earnings per share guidance range of $1.69 to $1.93. In our earnings release for the first quarter of 2017, we indicated that our 2017 adjusted earnings per share guidance range, reaffirmed at that time, was inclusive of an estimated $0.15 per diluted share non-cash charge related to the write-off of deferred financing fees and an expected $0.08 per diluted share of interest savings, equating to a net $0.07 unfavorable impact to the Company's stated guidance. In connection with the release of our second quarter 2017 earnings, we are now excluding the actual deferred financing charge of $0.16 per diluted share from our reported adjusted earnings per share, as this charge is considered non-recurring to ongoing operations. As a result, we have correspondingly revised our adjusted diluted earnings per share guidance calculation to exclude this non-cash, non-recurring charge. The net result is that while the original guidance range remains intact, the Company is now tracking above the midpoint of the range. The adjusted diluted earnings per share guidance also excludes business development expenses and foreign currency gains and losses. The following table reconciles our projected diluted earnings per share to our projected adjusted diluted earnings per share range: On July 3, 2017, the Company declared a quarterly dividend of $0.18 per common share for stockholders of record on July 21, 2017. The $3.9 million dividend will be paid on July 28, 2017. US Ecology, Inc. will hold an investor conference call on Friday, July 28, 2017 at 10:00 a.m. Eastern Daylight Time (8:00 a.m. Mountain Daylight Time) to discuss these results and its current financial position and business outlook. Questions will be invited after management's presentation. Interested parties can access the conference call by dialing 877-512-4138 or 412-317-5478. The conference call will also be broadcast live on our website at www.usecology.com. An audio replay will be available through August 4, 2017 by calling 877-344-7529 or 412-317-0088 and using the passcode 10110319. The replay will also be accessible on our website at www.usecology.com. About US Ecology, Inc. US Ecology, Inc. is a leading North American provider of environmental services to commercial and government entities. The Company addresses the complex waste management needs of its customers, offering treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a wide range of complementary field and industrial services. US Ecology's focus on safety, environmental compliance, and best-in-class customer service enables us to effectively meet the needs of our customers and to build long-lasting relationships. US Ecology has been protecting the environment since 1952 and has operations in the United States, Canada and Mexico. For more information, visit www.usecology.com. Forward-looking statements are only predictions and are not guarantees of performance. These statements are based on management's beliefs and assumptions, which in turn are based on currently available information. Important assumptions include, among others, those regarding demand for Company services, expansion of service offerings geographically or through new or expanded service lines, the timing and cost of planned capital expenditures, competitive conditions and general economic conditions. These assumptions could prove inaccurate. Forward-looking statements also involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond our ability to control or predict. Such factors include the replacement of non-recurring event clean-up projects, a loss of a major customer, our ability to permit and contract for timely construction of new or expanded disposal cells, our ability to renew our operating permits or lease agreements with regulatory bodies, loss of key personnel, compliance with and changes to applicable laws, rules, or regulations, access to insurance, surety bonds and other financial assurances, a deterioration in our labor relations or labor disputes, our ability to perform under required contracts, failure to realize anticipated benefits and operational performance from acquired operations, adverse economic or market conditions, government funding or competitive pressures, incidents or adverse weather conditions that could limit or suspend specific operations, access to cost effective transportation services, fluctuations in foreign currency markets, lawsuits, our willingness or ability to repurchase shares or pay dividends, implementation of new technologies, limitations on our available cash flow as a result of our indebtedness and our ability to effectively execute our acquisition strategy and integrate future acquisitions. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission (the "SEC"), we are under no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on our forward-looking statements. Although we believe that the expectations reflected in forward-looking statements are reasonable, we cannot guarantee future results or performance. Before you invest in our common stock, you should be aware that the occurrence of the events described in the "Risk Factors" sections of our annual and quarterly reports could harm our business, prospects, operating results, and financial condition. US Ecology reports adjusted EBITDA, Pro Forma adjusted EBITDA and adjusted earnings per diluted share results, which are non-GAAP financial measures, as a complement to results provided in accordance with generally accepted accounting principles in the United States (GAAP) and believes that such information provides analysts, stockholders, and other users information to better understand the Company's operating performance. Because adjusted EBITDA, Pro Forma adjusted EBITDA and adjusted earnings per diluted share are not measurements determined in accordance with GAAP and are thus susceptible to varying calculations they may not be comparable to similar measures used by other companies. Items excluded from adjusted EBITDA, Pro Forma adjusted EBITDA and adjusted earnings per diluted share are significant components in understanding and assessing financial performance. Adjusted EBITDA, Pro Forma adjusted EBITDA and adjusted earnings per diluted share should not be considered in isolation or as an alternative to, or substitute for, net income, cash flows generated by operations, investing or financing activities, or other financial statement data presented in the consolidated financial statements as indicators of financial performance or liquidity. Adjusted EBITDA, Pro Forma adjusted EBITDA and adjusted earnings per diluted share have limitations as analytical tools and should not be considered in isolation or a substitute for analyzing our results as reported under GAAP. Some of the limitations are: The Company defines adjusted EBITDA as net income before interest expense, interest income, income tax expense, depreciation, amortization, stock based compensation, accretion of closure and post-closure liabilities, foreign currency gain/loss and other income/expense, which are not considered part of usual business operations. The following reconciliation itemizes the differences between reported net income and adjusted EBITDA and Pro Forma adjusted EBITDA for the three and six months ended June 30, 2017 and 2016: The Company defines adjusted earnings per diluted share as net income adjusted for the after-tax impact of non-cash foreign currency translation gains or losses, the after-tax impact of non-cash write-off of deferred financing fees related to our former credit agreement and the after-tax impact of business development costs, divided by the number of diluted shares used in the earnings per share calculation. The foreign currency translation gains or losses excluded from the earnings per diluted share calculation are related to intercompany loans between our Canadian subsidiaries and the U.S. parent that have been established as part of our tax and treasury management strategy. These intercompany loans are payable in Canadian dollars ("CAD") requiring us to revalue the outstanding loan balance through our consolidated income statement based on the CAD/United States currency movements from period to period. Business development costs relate to expenses incurred to evaluate businesses for potential acquisition or costs related to closing and integrating successfully acquired businesses. The non-cash write-off of deferred financing fees relates to the write-off of the remaining unamortized fees associated with our former credit agreement which was refinanced in April 2017. We believe excluding non-cash foreign currency translation gains or losses and the after-tax impact of the non-cash write off of deferred financing fees and the after-tax impact of business development costs provides meaningful information to investors regarding the operational and financial performance of the Company. The following reconciliation itemizes the differences between reported net income and earnings per diluted share to adjusted net income and adjusted earnings per diluted share for the three and six months ended June 30, 2017 and 2016:


Brooks J.R.,US Ecology | Mitchell A.K.,Natural Resources Canada
New Phytologist | Year: 2011

Carbon sequestration has focused renewed interest in understanding how forest management affects forest carbon gain over timescales of decades, and yet details of the physiological mechanisms over decades are often lacking for understanding long-term growth responses to management. Here, we examined tree-ring growth patterns and stable isotopes of cellulose (δ 13C cell and δ 18O cell) in a thinning and fertilization controlled experiment where growth increased substantially in response to treatments to elucidate physiological data and to test the dual isotope approach for uses in other locations. δ 13C cell and δ 18O cell results indicated that fertilization caused an increase in intrinsic water-use efficiency through increases in photosynthesis (A) for the first 3yr. The combination treatment caused a much larger increase in A and water-use efficiency. Only the thinning treatments showed consistent significant increases in δ 18O cell above controls. Changes in canopy microclimate are the likely drivers for δ 18O cell increases with decreases in relative humidity and increases in leaf temperature associated with thinning being the most probable causes. Tree-ring isotopic records, particularly δ 13C cell, remain a viable way to reconstruct long-term physiological mechanisms affecting tree carbon gain in response to management and climate fluctuations. No claim to original US government works. New Phytologist © 2011 New Phytologist Trust.


News Article | February 16, 2017
Site: www.marketwired.com

2016 Net Income of $34.3 Million; 2016 Adjusted EBITDA of $112.8 Million; 2017 Adjusted EBITDA forecast of $120-$130 Million BOISE, ID--(Marketwired - February 16, 2017) - US Ecology, Inc. ( : ECOL) ("the Company") today reported total revenue of $117.2 million and net income of $7.7 million, or $0.35 per diluted share for the quarter-ended December 31, 2016. "We saw another quarter of sluggishness in the industrial sector, including lower spending and continued project deferment, which resulted in Pro Forma adjusted EBITDA for 2016 at the low end of our guidance range," commented Jeff Feeler, Chairman and Chief Executive Officer. "Winter weather conditions, which affected shipping and production schedules, combined with lower December industrial waste volumes contributed to a 4% decline in Base Business in our Environmental Services segment in the fourth quarter compared to the fourth quarter of 2015. Our Environmental Services segment Event Business was down 17% during the quarter as compared to the same quarter last year due to prior year project completions that were not fully replaced and continued project delays. Our Field and Industrial Services segment also delivered lower than anticipated results on the softer market conditions as we closed out the year. The recent uptick in the industrial sector seen so far in the first quarter, however, while not yet resulting in improved volumes, bodes well for our 2017 business outlook given the tendency of the hazardous waste industry to lag industrial cycles." Total revenue for the fourth quarter of 2016 of $117.2 million was down from $138.3 million in the same quarter last year. Revenue for the fourth quarter of 2015 included $8.1 million of revenue for Allstate Power Vac ("Allstate"), which was divested on November 1, 2015. Revenue for the Environmental Services ("ES") segment was $85.7 million for the fourth quarter of 2016, down from $92.7 million in the fourth quarter of 2015. This decline consisted of a 4% decrease in treatment and disposal ("T&D") revenue and a 24% decrease in transportation revenue compared to the fourth quarter of 2015. Revenue for the Field and Industrial Services ("FIS") segment was $31.5 million for the fourth quarter of 2016 compared to $45.5 million in the same period of 2015. After taking into account the divested Allstate business, which contributed $8.1 million of revenue in the fourth quarter of 2015, our remaining FIS revenue was down 16% from the same quarter in the prior year reflecting the expiration of a contract that was not renewed and softer overall market conditions. Gross profit for the fourth quarter of 2016 was $36.1 million, down from $44.2 million in the same quarter last year. Gross profit for the ES segment was $32.1 million in the fourth quarter of 2016, down from $36.3 million in the same quarter of 2015. T&D gross margin for the ES segment was 41% for the fourth quarter of 2016, compared to 44% for the fourth quarter of 2015. Gross profit for the FIS segment in the fourth quarter of 2016 was $4.0 million. This compares to gross profit of $7.8 million in the fourth quarter of 2015, which included $1.6 million from the divested Allstate business, representing therefore a year-over-year decline of 36% in the remaining FIS business. The decline was due to the reduced revenue as well as year-end accrual and reserve adjustments in the fourth quarter of 2016. Selling, general and administrative ("SG&A") expense for the fourth quarter of 2016 was $19.9 million compared with $22.0 million in the same quarter last year, which included $1.0 million related to the divested Allstate business. Excluding the decline related to the Allstate divestiture, SG&A expense decreased due to lower incentive compensation costs, lower consulting and professional services and lower bad debt expense in the fourth quarter of 2016 compared to the fourth quarter of 2015. Operating income for the fourth quarter of 2016 was $16.2 million compared to $22.2 million in the fourth quarter of 2015. Allstate had operating income of $538,000 in the fourth quarter of 2015. Net interest expense for the fourth quarter of 2016 was $4.2 million, down from $7.2 million in the fourth quarter of 2015. The decrease was due to lower debt levels and a $2.4 million charge for deferred financing costs recorded in the fourth quarter last year. The Company's consolidated effective income tax rate for the fourth quarter of 2016 was 35.5%, down from 45.5% for the fourth quarter of 2015. The decrease was due to a decline in our U.S. effective tax rate, primarily driven by a non-recurring capital loss in the fourth quarter of 2015 as a result of the sale of Allstate, as well as changes in our apportionments between the various states in which we operate. Also contributing to the decrease in our effective tax rate is a higher proportion of earnings from our Canadian operations in the fourth quarter of 2016, which are taxed at a lower corporate tax rate. Net income for the fourth quarter of 2016 was $7.7 million, or $0.35 per diluted share, consistent with the fourth quarter of 2015. Adjusted earnings per share, which excludes loss on sale of divested businesses, the divested Allstate business, foreign currency translation gains and losses and business development expenses, was $0.36 per diluted share in the fourth quarter of both 2016 and 2015. Adjusted EBITDA for the fourth quarter of 2016 was $27.3 million, down 17% from $33.0 million in the same period last year. Pro Forma adjusted EBITDA, which excludes the divested Allstate business and business development expenses, was $27.4 million in the fourth quarter of 2016 compared to $32.6 million in the fourth quarter of 2015. Reconciliations of earnings per diluted share to adjusted earnings per diluted share and net income to adjusted EBITDA and Pro Forma adjusted EBITDA are attached as Exhibit A to this release. Total revenue for 2016 was $477.7 million compared to $563.1 million in 2015. 2015 included $59.1 million of revenue for the divested Allstate business. ES segment revenue was $337.8 million for 2016, down from $359.0 million in 2015 on a 30% decline in Event Business, partially offset by a 2% increase in Base Business. This decline consisted of a 5% decrease in T&D revenue and a 9% reduction in transportation revenue compared to 2015. Revenue for the FIS segment was $139.9 million in 2016 compared to $204.0 million in 2015. After taking into account the divested Allstate business, FIS revenue was down approximately 3% in 2016 compared to 2015. Gross profit for 2016 was $147.6 million, down from $171.4 million in the same period last year. Gross profit for the ES segment was $126.8 million in 2016, down from $137.6 million in 2015. T&D gross margin for the ES segment was 42% for 2016 compared to 43% for 2015. Gross profit for the FIS segment in 2016 was $20.8 million. This compares to $33.8 million in 2015, which included $12.4 million from the divested Allstate business, and reflects a year-over-year gross profit decline of approximately 3% in the remaining FIS business. SG&A expense for 2016 was $77.6 million compared with $93.1 million in the same period last year, which included $10.9 million related to the divested Allstate business. Excluding the decline related to the Allstate divestiture, SG&A expense decreased due to lower business development costs, incentive compensation and consulting and professional services in 2016 compared to 2015. 2016 operating income was $70.0 million, down 2% from $71.6 million in 2015. Allstate had an operating loss of $4.9 million in 2015. Net interest expense for 2016 was $17.2 million, down from $23.3 million in 2015. The decrease was due to lower debt levels in 2016 compared with 2015 and a reduction in non-cash amortization of deferred financing fees. The Company's consolidated effective income tax rate for 2016 was 38.1%, down from 39.3% when excluding the non-deductible goodwill impairment charge in 2015. This decrease primarily reflects a lower U.S. effective tax rate for 2016 driven by changes in our apportionment between the various states in which we operate. Net income was $34.3 million, or $1.57 per diluted share, in 2016 compared to $25.6 million, or $1.18 per diluted share, in 2015. Adjusted earnings per share, which excludes the gain/loss on sale of divested businesses, goodwill impairment charges, the divested Allstate business, foreign currency translation gains and losses and business development expenses, was $1.53 for 2016 compared to $1.57 per diluted share for 2015. Adjusted EBITDA was $112.8 million in 2016, down 10% from $125.5 million in 2015. Pro Forma adjusted EBITDA, which excludes the divested Allstate business and business development expenses, was $113.4 million in 2016 compared to $122.6 million in 2015. Reconciliations of earnings per diluted share to adjusted earnings per diluted share and net income to adjusted EBITDA and Pro Forma adjusted EBITDA are attached as Exhibit A to this release. "The positive trends emerging in the industrial economy and the improving outlook for many of our customers, gives us increasing confidence that US Ecology will return to growth in 2017," commented Feeler. "Supporting this optimism is the growing pipeline of Event Business opportunities that will supplement those projects deferred in 2016 that are now slated for 2017. Despite this improving outlook, we remain cautious at the rate of growth we can expect in 2017. Growth in our Environmental Services segment Base Business is projected to improve from 2016 levels, growing between 3-5% in 2017. We also expect that our Environmental Services segment Event Business will return to growth in 2017 as we receive volume from multi-year projects currently under contract, the growing pipeline of new opportunities and the commencement of projects deferred from last year. Our Field and Industrial Services segment is expected to be up slightly in 2017 despite cycling some larger completed contracts and a field services contract that was not renewed in the fourth quarter of 2016." Based on current business conditions, management is projecting 2017 earnings per diluted share between $1.69 and $1.93 and adjusted EBITDA of $120 to $130 million. This guidance reflects adjusted EBITDA growth of up to 15%, compared to 2016 Pro Forma adjusted EBITDA of $113.4 million and growth of up to 26% from adjusted earnings per share of $1.53 in 2016. 2017 revenue is anticipated to range from $495 million to $533 million, compared to $478 million in 2016. Breaking down our revenue guidance by segment, we expect our 2017 ES segment revenue to range between $357 and $389 million and our FIS segment revenue to range between $138 and $144 million. The following table reconciles our adjusted EBITDA guidance range to our projected net income. Projections exclude any foreign currency translation gains or losses, business development expenses or other unusual transactions. 2017 capital spending is estimated to range from $34 to $37 million, including 2016 carryover amounts. This is in line with the $35.7 million spent in 2016. Capital expenditures for 2017 will focus on constructing additional disposal space, ongoing infrastructure improvements and equipment replacement at our operating facilities and information system upgrades. On January 3, 2017, the Company declared a quarterly dividend of $0.18 per common share for stockholders of record on January 20, 2017. The $3.9 million dividend was paid on January 27, 2017. US Ecology, Inc. will hold an investor conference call on Friday, February 17, 2017 at 10:00 a.m. Eastern Standard Daylight Time (8:00 a.m. Mountain Standard Daylight Time) to discuss these results and its current financial position and business outlook. Questions will be invited after management's presentation. Interested parties can access the conference call by dialing 877-512-4138 or 412-317-5478. The conference call will also be broadcast live on our website at www.usecology.com. An audio replay will be available through February 24, 2017 by calling 877-344-7529 or 412-317-0088 and using the passcode 10100324. The replay will also be accessible on our website at www.usecology.com. About US Ecology, Inc. US Ecology, Inc. is a leading North American provider of environmental services to commercial and government entities. The Company addresses the complex waste management needs of its customers, offering treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a wide range of complementary field and industrial services. US Ecology's focus on safety, environmental compliance, and best-in-class customer service enables us to effectively meet the needs of our customers and to build long-lasting relationships. Headquartered in Boise, Idaho, with operations in the United States, Canada and Mexico, the Company has been protecting the environment since 1952. For more information, visit www.usecology.com. Forward-looking statements are only predictions and are not guarantees of performance. These statements are based on management's beliefs and assumptions, which in turn are based on currently available information. Important assumptions include, among others, those regarding demand for Company services, expansion of service offerings geographically or through new or expanded service lines, the timing and cost of planned capital expenditures, competitive conditions and general economic conditions. These assumptions could prove inaccurate. Forward-looking statements also involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond our ability to control or predict. Such factors include the replacement of non-recurring event clean-up projects, a loss of a major customer, our ability to permit and contract for timely construction of new or expanded disposal cells, our ability to renew our operating permits or lease agreements with regulatory bodies, loss of key personnel, compliance with and changes to applicable laws, rules, or regulations, access to insurance, surety bonds and other financial assurances, a deterioration in our labor relations or labor disputes, our ability to perform under required contracts, failure to realize anticipated benefits and operational performance from acquired operations, adverse economic or market conditions, government funding or competitive pressures, incidents or adverse weather conditions that could limit or suspend specific operations, access to cost effective transportation services, fluctuations in foreign currency markets, lawsuits, our willingness or ability to repurchase shares or pay dividends, implementation of new technologies, limitations on our available cash flow as a result of our indebtedness and our ability to effectively execute our acquisition strategy and integrate future acquisitions. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission (the "SEC"), we are under no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on our forward-looking statements. Although we believe that the expectations reflected in forward-looking statements are reasonable, we cannot guarantee future results or performance. Before you invest in our common stock, you should be aware that the occurrence of the events described in the "Risk Factors" sections of our annual and quarterly reports could harm our business, prospects, operating results, and financial condition. US Ecology reports adjusted EBITDA, Pro Forma adjusted EBITDA and adjusted earnings per diluted share results, which are non-GAAP financial measures, as a complement to results provided in accordance with generally accepted accounting principles in the United States (GAAP) and believes that such information provides analysts, stockholders, and other users information to better understand the Company's operating performance. Because adjusted EBITDA, Pro Forma adjusted EBITDA and adjusted earnings per diluted share are not measurements determined in accordance with GAAP and are thus susceptible to varying calculations they may not be comparable to similar measures used by other companies. Items excluded from adjusted EBITDA, Pro Forma adjusted EBITDA and adjusted earnings per diluted share are significant components in understanding and assessing financial performance. Adjusted EBITDA, Pro Forma adjusted EBITDA and adjusted earnings per diluted share should not be considered in isolation or as an alternative to, or substitute for, net income, cash flows generated by operations, investing or financing activities, or other financial statement data presented in the consolidated financial statements as indicators of financial performance or liquidity. Adjusted EBITDA, Pro Forma adjusted EBITDA and adjusted earnings per diluted share have limitations as analytical tools and should not be considered in isolation or a substitute for analyzing our results as reported under GAAP. Some of the limitations are: The Company defines adjusted EBITDA as net income before interest expense, interest income, income tax expense, depreciation, amortization, stock based compensation, accretion of closure and post-closure liabilities, foreign currency gain/loss, non-cash impairment charges and other income/expense, which are not considered part of usual business operations. The Company defines Pro Forma adjusted EBITDA as adjusted EBITDA (see definition above) less the adjusted EBITDA related to the divested Allstate business, plus business development expenses incurred during the period. We believe Pro Forma adjusted EBITDA is helpful in understanding our business and how it relates to our 2017 guidance which includes neither the divested Allstate business nor business development expenses. The following reconciliation itemizes the differences between reported net income and adjusted EBITDA and Pro Forma adjusted EBITDA for the three months and year ended December 31, 2016 and 2015: The Company defines adjusted earnings per diluted share as net income adjusted for the after-tax impact of the gains and losses on sale of divested businesses, non-cash foreign currency translation gains or losses, the after-tax impact of business development costs, the after-tax impact of the divested Allstate business, and non-cash impairment charges, divided by the number of diluted shares used in the earnings per share calculation. Impairment charges excluded from the earnings per diluted share calculation are related to the Company's decision to explore strategic alternatives for our industrial services business. The foreign currency translation gains or losses excluded from the earnings per diluted share calculation are related to intercompany loans between our Canadian subsidiaries and the U.S. parent which have been established as part of our tax and treasury management strategy. These intercompany loans are payable in Canadian dollars ("CAD") requiring us to revalue the outstanding loan balance through our consolidated income statement based on the CAD/United States currency movements from period to period. Business development costs relate to expenses incurred to evaluate businesses for potential acquisition or costs related to closing and integrating successfully acquired businesses. We believe excluding gains and losses on sale of divested businesses, non-cash foreign currency translation gains or losses, the after-tax impact of business development costs, the after-tax impact of the divested Allstate business, and non-cash impairment charges provides meaningful information to investors regarding the operational and financial performance of the Company. The following reconciliation itemizes the differences between reported net income and earnings per diluted share to adjusted net income and adjusted earnings per diluted share for the three months and year ended December 31, 2016 and 2015:


— This report studies the global Emergency Spill Response market, analyzes and researches the Emergency Spill Response development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Oil Spill Response Marine Well Containment Polyeco Vikoma International Desmi A/S Veolia Environnement Clean Harbors US Ecology Adler and Allan Markleen A/S Elastec For more information or any query mail at sales@wiseguyreports.com Market segment by Type, Emergency Spill Response can be split into Oil Chemical and Hazardous Materials Market segment by Application, Emergency Spill Response can be split into Transportation Chemical Government Industrial Facilities Other Global Emergency Spill Response Market Size, Status and Forecast 2022 1 Industry Overview of Emergency Spill Response 1.1 Emergency Spill Response Market Overview 1.1.1 Emergency Spill Response Product Scope 1.1.2 Market Status and Outlook 1.2 Global Emergency Spill Response Market Size and Analysis by Regions 1.2.1 United States 1.2.2 EU 1.2.3 Japan 1.2.4 China 1.2.5 India 1.2.6 Southeast Asia 1.3 Emergency Spill Response Market by Type 1.3.1 Oil 1.3.2 Chemical and Hazardous Materials 1.4 Emergency Spill Response Market by End Users/Application 1.4.1 Transportation 1.4.2 Chemical 1.4.3 Government 1.4.4 Industrial Facilities 1.4.5 Other 2 Global Emergency Spill Response Competition Analysis by Players 2.1 Emergency Spill Response Market Size (Value) by Players (2015-2016) 2.2 Competitive Status and Trend 2.2.1 Market Concentration Rate 2.2.2 Product/Service Differences 2.2.3 New Entrants 2.2.4 The Technology Trends in Future 3 Company (Top Players) Profiles 3.1 Oil Spill Response 3.1.1 Company Profile 3.1.2 Main Business/Business Overview 3.1.3 Products, Services and Solutions 3.1.4 Emergency Spill Response Revenue (Value) (2012-2017) 3.1.5 Recent Developments 3.2 Marine Well Containment 3.2.1 Company Profile 3.2.2 Main Business/Business Overview 3.2.3 Products, Services and Solutions 3.2.4 Emergency Spill Response Revenue (Value) (2012-2017) 3.2.5 Recent Developments 3.3 Polyeco 3.3.1 Company Profile 3.3.2 Main Business/Business Overview 3.3.3 Products, Services and Solutions 3.3.4 Emergency Spill Response Revenue (Value) (2012-2017) 3.3.5 Recent Developments 3.4 Vikoma International 3.4.1 Company Profile 3.4.2 Main Business/Business Overview 3.4.3 Products, Services and Solutions 3.4.4 Emergency Spill Response Revenue (Value) (2012-2017) 3.4.5 Recent Developments 3.5 Desmi A/S 3.5.1 Company Profile 3.5.2 Main Business/Business Overview 3.5.3 Products, Services and Solutions 3.5.4 Emergency Spill Response Revenue (Value) (2012-2017) 3.5.5 Recent Developments 3.6 Veolia Environnement 3.6.1 Company Profile 3.6.2 Main Business/Business Overview 3.6.3 Products, Services and Solutions 3.6.4 Emergency Spill Response Revenue (Value) (2012-2017) 3.6.5 Recent Developments 3.7 Clean Harbors 3.7.1 Company Profile 3.7.2 Main Business/Business Overview 3.7.3 Products, Services and Solutions 3.7.4 Emergency Spill Response Revenue (Value) (2012-2017) 3.7.5 Recent Developments 3.8 US Ecology 3.8.1 Company Profile 3.8.2 Main Business/Business Overview 3.8.3 Products, Services and Solutions 3.8.4 Emergency Spill Response Revenue (Value) (2012-2017) 3.8.5 Recent Developments 3.9 Adler and Allan 3.9.1 Company Profile 3.9.2 Main Business/Business Overview 3.9.3 Products, Services and Solutions 3.9.4 Emergency Spill Response Revenue (Value) (2012-2017) 3.9.5 Recent Developments 3.10 Markleen A/S 3.10.1 Company Profile 3.10.2 Main Business/Business Overview 3.10.3 Products, Services and Solutions 3.10.4 Emergency Spill Response Revenue (Value) (2012-2017) 3.10.5 Recent Developments 3.11 Elastec For more information or any query mail at sales@wiseguyreports.com ABOUT US: Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of rmaket research reports under these categories and sub-categories. For more information, please visit https://www.wiseguyreports.com


BOISE, ID--(Marketwired - February 09, 2017) - US Ecology, Inc. (the "Company") ( : ECOL) today announced that it will release financial results for the fourth quarter and fiscal year ended December 31, 2016 on Thursday, February 16, 2017, after the close of the market. Management will conduct an investor conference call on Friday, February 17, 2017 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time) to discuss these results. Questions will be invited after management's presentation. Interested parties can access the conference call by dialing 877-512-4138 or 412-317-5478. The conference call will also be broadcast live on the Company's website at www.usecology.com. An audio replay of the teleconference will be made available through February 24, 2017 by calling 877-344-7529 or 412-317-0088 and using the passcode 10100324. The replay will also be accessible on the Company's website at www.usecology.com. About US Ecology, Inc. US Ecology, Inc. is a leading North American provider of environmental services to commercial and government entities. The Company addresses the complex waste management needs of its customers, offering treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a wide range of complementary field and industrial services. US Ecology's focus on safety, environmental compliance, and best-in-class customer service enables us to effectively meet the needs of our customers and to build long-lasting relationships. Headquartered in Boise, Idaho, with operations in the United States, Canada and Mexico, the Company has been protecting the environment since 1952. For more information visit www.usecology.com.

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