US ECOLOGY, INC. (ECOL) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Field and Industrial Services	0.0	0.0	0.0	204.0
Environmental Services				359.0	311.5	201.1	169.1
Field & Industrial Services					135.9
Treatment & Disposal				304.0	259.3	165.1	145.7	129.1
Other	565.9	504.0	477.7					25.8
Total revenues	565.9	504.0	477.7	563.1	447.4	201.1	169.1	154.9
Revenue growth [+]	12.3%	5.5%	-15.2%	25.9%	122.5%	18.9%	9.2%	47.8%
Field and Industrial Services	0.0%	0.0%	-100.0%
Environmental Services				15.3%	54.9%	18.9%
Treatment & Disposal				17.2%	57.1%	13.3%	12.9%	51.0%
Cost of goods sold [+]	395.8	350.9	330.1	391.7	301.6	122.1	102.8	101.1
Direct costs								73.8
Transportation costs								27.3
Gross profit	170.1	153.1	147.6	171.4	145.8	79.0	66.3	53.9
Gross margin	30.1%	30.4%	30.9%	30.4%	32.6%	39.3%	39.2%	34.8%
Selling, general and administrative	92.3	84.5	77.6	93.1	73.3	26.1	25.7	21.5
Adjusted EBITDA	111.3	100.9	98.3	108.6	98.1	68.6	55.4	47.1
Adjusted EBITDA margin	19.7%	20.0%	20.6%	19.3%	21.9%	34.1%	32.8%	30.4%
Stock-based compensation	4.4	3.9	2.9	2.3	1.3	0.9	0.8	0.8
EBITDA [+]	107.0	97.0	95.3	106.3	96.9	67.7	54.6	46.3
EBITDA growth	10.3%	1.7%	-10.3%	9.7%	43.0%	24.2%	17.8%	64.6%
EBITDA margin	18.9%	19.2%	20.0%	18.9%	21.6%	33.7%	32.3%	29.9%
Depreciation	19.6	18.4	14.7	15.6	16.2	13.4	12.4	12.5
EBITA	87.4	78.5	80.6	90.6	80.7	54.4	42.1	33.8
EBITA margin	15.4%	15.6%	16.9%	16.1%	18.0%	27.0%	24.9%	21.8%
Amortization of intangibles	9.6	9.9	10.6	12.3	8.2	1.5	1.5	1.4
EBIT [+]	77.8	68.7	70.0	78.3	72.5	52.9	40.6	32.4
EBIT growth	13.2%	-2.0%	-10.6%	8.1%	36.9%	30.3%	25.6%	58.8%
EBIT margin	13.7%	13.6%	14.7%	13.9%	16.2%	26.3%	24.0%	20.9%
Non-recurring items [+]	3.7	8.9		6.7
Asset impairment	3.7	8.9		6.7
Interest expense, net [+]	11.9	18.1	17.2	23.3	10.6	0.8	0.9	1.6
Interest expense	12.1	18.2	17.3	23.4	10.7	0.8	0.9	1.6
Interest income	0.2	0.1	0.1	0.1	0.1	0.0	0.0	0.0
Other income (expense), net [+]	2.7	1.3	2.5	-1.5	-0.8	-2.0	1.9	-1.0
Gain (loss) on sale of assets			2.0	-0.5
Gain (loss) on foreign currency transactions	0.1	0.5	-0.1	-2.2	-1.5	-2.3	1.2	-1.3
Other	2.6	0.8	0.6	1.3	0.7	0.4	0.7	0.3
Pre-tax income	64.9	43.0	55.3	46.9	61.1	50.1	41.7	29.8
Income taxes	15.3	-6.4	21.0	21.2	22.8	18.0	16.1	11.4
Tax rate	23.5%		38.1%	45.3%	37.4%	35.9%	38.5%	38.4%
Net income	49.6	49.4	34.3	25.6	38.2	32.2	25.7	18.4
Net margin	8.8%	9.8%	7.2%	4.5%	8.5%	16.0%	15.2%	11.9%

Basic EPS [+]	$2.27	$2.27	$1.58	$1.18	$1.78	$1.73	$1.41	$1.01
Growth	-0.1%	43.8%	33.3%	-33.3%	2.7%	22.9%	39.4%	45.8%
Diluted EPS [+]	$2.25	$2.25	$1.57	$1.18	$1.77	$1.72	$1.40	$1.01
Growth	-0.2%	43.4%	33.4%	-33.3%	2.6%	22.7%	39.2%	45.7%

Dividends per share [+]	$0.72	$0.72	$0.72	$0.72	$0.72	$0.54	$0.90	$0.72
Growth	0.0%	-0.3%	0.1%	0.1%	34.4%	-40.4%	25.0%	0.1%

Shares outstanding (basic) [+]	21.9	21.8	21.7	21.6	21.5	18.6	18.2	18.2
Growth	0.6%	0.2%	0.3%	0.5%	15.8%	1.9%	0.2%	0.2%
Shares outstanding (diluted) [+]	22.0	21.9	21.8	21.7	21.7	18.7	18.3	18.2
Growth	0.7%	0.5%	0.3%	0.4%	16.0%	2.2%	0.3%	0.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.