US Ecology Earnings Reflect a Business Environment that's Slowly Improving
US Ecology (NASDAQ: ECOL) reported second-quarter 2017 results after the market closed on Thursday that suggests that business conditions in the industrial sector are improving, though still challenging. The environmental services company's revenue grew 3% and adjusted earnings per share edged up 2.7% year over year.
US Ecology also reiterated its previously issued 2017 guidance but said adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) is tracking to the lower end of the guidance range.
The market had a relatively muted reaction, with shares closing down 1.6% on Friday. The stock has returned 9.3% in 2017 through Friday, versus the S&P 500's 11.7%.
Source: Fool.com
