American Ecology Reports Financial Results for Third Quarter and First Nine Months of 1999.BOISE Boise, city, United States Boise (boi`sē, –zē), city (1990 pop. 125,738), state capital and seat of Ada co., SW Idaho, on the Boise River; inc. 1864. , Idaho--(BUSINESS WIRE)--Oct. 18, 1999-- Robert S Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. . Thorn thorn, in botany thorn, sharp-pointed projection on some plants, usually protective in function. Botanically, thorns are distinguished as modified stems (as in the honey locust and hawthorn) from spines, which are modified leaves (as in the barberry), and , vice president and chief accounting officer of American Ecology ecology, study of the relationships of organisms to their physical environment and to one another. The study of an individual organism or a single species is termed autecology; the study of groups of organisms is called synecology. Corporation (Nasdaq:ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ), today announced that the company reported a net loss of $212,000, or $.02 per basic share, for the quarter ended Sept. 30, 1999. The results compare to a net loss of $1.2 million, or $.09 per share, for the third period of 1998. Revenue for the quarter was $6.0 million, compared to $8.9 million in the comparable period of 1998. For the first nine months of 1999, American Ecology reported net income of $0.08 per basic share on revenue of $24.1 million. The company reported a net loss of $.10 per basic share on revenue of $28.7 million for the first nine months of 1998. "Our business units, with the single exception of operations at Oak Ridge Oak Ridge, city (1990 pop. 27,310), Anderson and Roane counties, E Tenn., on Black Oak Ridge and the Clinch River; founded by the U.S. government 1942, inc. as an independent city 1959. , Tenn., have performed to projections through the first nine months of the year," said Jack K. Lemley, chairman, president and chief executive officer of American Ecology Corporation. "The company needs the same level of performance by our Oak Ridge team as we are achieving in Washington, Nevada and Texas, and we have instituted several disciplines that we expect will result in improvements in Tennessee Tennessee, state, United States Tennessee (tĕn`əsē', tĕn'əsē`), state in the south-central United States. ." Boise, Idaho-based American Ecology Corporation, provides processing, packaging, transportation, remediation and disposal services for generators of hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. and low-level radioactive waste Noun 1. low-level radioactive waste - (medicine) radioactive waste consisting of objects that have been briefly exposed to radioactivity (as in certain medical tests) at licensed facilities throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company has been delivering environmental solutions since 1952. -0-
AMERICAN ECOLOGY CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
($ in 000's except per share amounts)
Three Months Ended Nine Months Ended
September 30, September 30,
1999 1998 1999 1998
----- ----- ----- -----
Revenues $ 6,007 $ 8,855 $ 24,093 $ 28,729
Operating costs 3,664 5,703 12,684 17,570
-------- -------- -------- --------
Gross profit 2,343 3,152 11,409 11,159
Selling, general and
administrative expenses 2,280 4,354 11,025 13,198
Income (loss) from operations 62 (1,202) 384 (2,039)
Investment income 200 185 113 (209)
Gain on sale of assets (3) -- 666 (72)
Other income 19 (263) 275 (961)
-------- -------- -------- --------
Net income before income taxes (155) (1,124) 1,436 (797)
Income tax expense (29) (35) 18 146
-------- -------- -------- --------
Net income (126) (1,089) 1,419 (943)
Preferred stock dividends 86 103 296 315
-------- -------- -------- --------
Net income (loss)
available to common
shareholders $ (212) $ (1,192) $ 1,123 $ (1,258)
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Basic earnings per share $ (.02) $ (.09) $ .08 $ (.10)
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Diluted earnings per share $ (.02) $ (.09) $ .07 $ (.10)
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Dividends paid per common share $ -- $ -- $ -- $ --
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