American Ecology Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's operating income was $6.8 million for both the third quarter of 2009 and 2008. Net income was $4.2 million, or $0.23 per diluted share compared to net income of $4.3 million or $0.23 per diluted share in the third quarter of 2008, which included a positive adjustment to closure and post-closure obligations of approximately $0.03 per diluted share. Revenue was $37.5 million, down from $41.1 million in the same quarter last year. This reflected both lower transportation related revenue and lower treatment and disposal revenue. Income before income taxes was $6.8 million against $7.02 million a year ago. For the nine months, the company's operating income was $18.5 million, compared to $26.2 million in the first nine months of 2008. Net income was $11.3 million or $0.62 per diluted share, down from $16.2 million or $0.89 per diluted share, in the first nine months of 2008. Revenue was $108.9 million, down from $131.8 million in the same period in 2008. Income before income taxes was $18.7 million against $26.7 million a year ago. Net cash provided by operating activities was $20.25 million against $22.97 million a year ago. Purchases of property and equipment were $8.72 million against $11.05 million a year ago. The company is revising its previously issued guidance of $0.85 to $1.00 per diluted share and now expects 2009 earnings will range between $0.77 and $0.83 per diluted share.

American Ecology Corp. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).

American Ecology Corp. held its earnings conference call. The company plans to look at acquisition opportunities. Jim Baumgardner, President and COO of the company said: “With respect to acquisitions, we continue to actively pursue specific acquisition opportunities that we believe would be strategically complementary to our business. During the quarter and during the first nine months of the year, we've evaluated several targets. However, we did not close any transactions due to either the failure to agree upon price with the seller, issues discovered during due diligence, or the target's degrading financial performance in 2009, causing the seller to pull the asset from the market. That being said, we are continuing to actively be engaged in evaluating specific acquisition opportunities. With respect to our acquisition philosophy, we are targeting acquisitions that will either allow us to expand our services to existing customers and/or extend existing services to new customers. We remain committed to a disciplined acquisition approach, and we're determined not to pay too much or buy assets that don't fit with our strategic vision. Looking ahead, we continue to be bullish on the long-term outlook for American Ecology. We really believe that we are uniquely positioned to take advantage of an improving economy and a more normal flow of cleanup projects that have allowed us to take advantage of the Company's operating leverage during the last several years. We believe there is a building backlog of private cleanup work generated from the delayed projects as well as new opportunities.” He added: “Finally, we have the benefit of a debt-free balance sheet and strong cash flow with which to expand our asset base through thoughtful and disciplined acquisitions.”