Reduces 2020 capital spending plan by $30 million, or 30%
- Reduces 2020 capital spending plan by $30 million, or 30%
BOISE, Idaho, March 31, 2020 (GLOBE NEWSWIRE) -- US Ecology, Inc. (NASDAQ-GS: ECOL) (US Ecology or the Company) today announced several capital preservation initiatives in response to current market volatility and economic uncertainty as a consequence of the COVID-19 pandemic.
- The Company also intends to reduce its planned 2020 capital expenditures by approximately 30%, which is expected to save up to $30 million in cash.
- To date, our core environmental services business has not been significantly impacted and is showing strong volumes and service revenue.
- US Ecology, Inc. is a leading provider of environmental services to commercial and government entities.