US Ecology raises FY13 guidance but stock falls on 2014 outlook, offering

|About: US Ecology, Inc. (ECOL)|By:, SA News Editor

US Ecology (ECOL -7.5%) slides in morning trading.

The company says it now expects FY13 adjusted EPS of $1.75-1.80 versus previous guidance of $1.68-1.73 and adjusted EBITDA of $69-72M versus previous guidance of $67-69M.

ECOL's 2014 outlook was less sanguine: "While we are still too early in the annual planning and sales cycle to make specific projections for 2014, preliminary indications show that 2014 growth rates will be tempered, at best, and 2014 results could even be down from the expected record results for 2013." (PR)

The company also announced the commencement of a public offering of as many as 2.6M shares. (PR)