Sign up USA
Proactive Investors - Run By Investors For Investors

Ecology and Environment reports lower fiscal 3Q earnings but growth in its South American segment

The environmental consulting firm offers guidance for disposing of hazardous waste
Environmental testing
Shares were down in Wednesday morning trading

Ecology and Environment Inc (NASDAQ:EEI) announced its fiscal third quarter results, seeing an increase in revenue from its South American operations.

The waste management company reported earnings of US$0.04 per share on revenue of US$23.72mln compared with US$0.06 EPS on revenue of US$24.05mln in the previous year’s third quarter.

An increase in revenue from its South American operations offset the lower revenue from its U.S. operations. Revenues in South America increased 17% to US$5.4mln while U.S. revenues decreased 9% to US$14.7mln.

"While we have seen additional business opportunities and significant improvement in revenue and earnings in our South American operations, our U.S. results in the third quarter continued to be impacted by sluggish activity in our core market sectors of oil and gas and federal government work," said CEO Gerard A. Gallagher III.

The environmental consulting firm provides professional and support services to private clients and government agencies for the disposal of hazardous waste and pollutants.

The company publishes a quarterly publication called The Current to explore the issues impacting markets in the environmental field, such as toxic algal blooms and farm runoff.

Shares of EEI were down more than 2.5% to US$12.90 in Wednesday morning trading.

View full EEI profile View Profile

Ecology and Environment Inc Timeline

Related Articles

Wall Street
October 03 2018
Acquisitions and partnerships are a key part of building the platform

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use