Boston, MA 05\/13\/2014 (wallstreetpr) \u2013 The waste management company US Ecology Inc (NASDAQ:ECOL)<\/b> has witnessed its shares surging in recent times. The shares jumped more than 14 percent over the past one month and more than 9 percent in the past five days. In addition to a good stock momentum, the company also recently announced 1Q financial performance that was strong by most measures.<\/p>\n
The company realized 24 percent increase in revenue to $53.4 million in the latest quarter. The quarter saw net income up by 74 percent to $9.4 million. The quarter was clearly supported by high demand for waste management as the company handled more wastes than in the same period a year earlier. It handled wastes of 296,000 tons, signaling 32 percent increase from a year earlier.<\/p>\n
Nonetheless, US Ecology Inc (NASDAQ:ECOL) also faced higher expenses in the quarter than in the same period a year ago. Its expenses increased by 16 percent, but it ended up spending a smaller portion of the revenue compared to last year.<\/p>\n
What makes it happen?<\/b><\/p>\n
It is not without reason that US Ecology Inc (NASDAQ:ECOL) posts positive results while the stock surging on the other hand. The company has won the confidence of investors by its undivided attention in creating value for the shareholders. The company makes strategic acquisition as it supports organic growth of revenue and profit.<\/p>\n
The company recently signed an acquisition deal with Environmental Quality (EQ). US Ecology Inc (NASDAQ:ECOL) expects the transaction to close in the current quarter or the next, and it is preparing to pay $465 million to seal the deal. EQ is based in Michigan, and it also handles waste management and recycling. The deal with EQ comes just after US Ecology Inc (NASDAQ:ECOL) closed the purchase of a Canadian company whose contribution has been significantly felt in recent reports.<\/p>\n
Therefore, US Ecology ticks because of the strong execution culture in the company that seeks to enhance the capacity. The company is taking a multipronged approach to the future even as it curbs costs and expenses, a strategy that is not only rare in the industry but also puts the company on sustainable growth.<\/p>\n
Earnings optimism<\/b><\/p>\n
Having registered strong gains in 1Q, US Ecology Inc (NASDAQ:ECOL) improved fiscal 2014 earnings projection. The company intends to report EPS between $1.60 and $1.70. It previously intended to report EPS between $1.50 and $1.60.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 05\/13\/2014 (wallstreetpr) \u2013 The waste management company US Ecology Inc (NASDAQ:ECOL) has witnessed its shares surging in recent times. The shares jumped more […]<\/p>\n","protected":false},"author":32,"featured_media":22094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[6384,6568],"stock_ticker":[],"class_list":["post-22093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nasdaqecol","tag-us-ecology-inc-nasdaqecol-h","entry"],"acf":[],"yoast_head":"\n