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U.S. Silica Holdings, Inc. (NYSE: SLCA) is a leading producer of commercial silica and industrial minerals, serving the oil and gas industry and various industrial applications. With a rich history spanning over 115 years, U.S. Silica has honed its expertise in mining, processing, logistics, and materials science, allowing it to deliver over 250 products to diverse end markets efficiently and cost-effectively.
Headquartered in Katy, Texas, U.S. Silica operates through two primary segments: Oil & Gas Proppants and Industrial & Specialty Products. The Oil & Gas Proppants segment contributes the majority of the company’s revenue and focuses on supplying sand essential for hydraulic fracturing. U.S. Silica’s extensive logistics network ensures the delivery of sand directly to well sites, optimizing operational efficiency. The Industrial & Specialty Products segment caters to various industries, including glass, building products, and filtration systems.
U.S. Silica is also a pioneer in sustainability, continuously striving to improve and innovate. The company’s sustainability programs are integral to its operations, reflecting a commitment to responsible environmental stewardship. U.S. Silica’s recent achievements include the development of the Guardian frac fluid filtration system, which has shown promising results in increasing pump uptime and efficiency while reducing maintenance costs.
Financially, U.S. Silica has shown resilience and robust performance. For the third quarter of 2023, the company reported a net income of $26.9 million, driven by strong customer demand and effective cost management. The company has also been proactive in reducing its debt, repurchasing and extinguishing an additional $25 million in the third quarter, improving its leverage profile.
U.S. Silica’s strategic direction includes expanding its Industrial & Specialty Products segment and maintaining a robust presence in the oil and gas market. The company remains committed to innovation, with a pipeline of new products and applications under development to meet evolving market demands.
Looking ahead, U.S. Silica has reaffirmed its full-year 2023 guidance, expecting a 25% year-over-year increase in Adjusted EBITDA and significant cash flow from operations. The company is well-positioned to continue its growth trajectory, supported by strong contractual commitments and operational efficiencies.
For further details, visit U.S. Silica’s website (www.ussilica.com) or check their sustainability report at www.ussilicasustain.com.
U.S. Silica Holdings (NYSE: SLCA) will release its first quarter 2023 financial results on April 27, 2023, after market close. Following the results, a conference call for investors is scheduled for April 28, 2023, at 7:30 a.m. CT, hosted by CEO Bryan Shinn and CFO Don Merril. The call can be accessed via a live webcast on the company's website, with a replay available shortly after. U.S. Silica, established over 123 years ago, specializes in producing commercial silica for various industrial applications, including the oil and gas sector, with 27 operational sites and a diverse product lineup.
U.S. Silica Holdings, Inc. (NYSE: SLCA) announced a favorable Final Judgment in its patent lawsuit against Amberger Kaolinwerke (AKW) in Texas. The litigation, initiated in September 2020, centered on allegations of patent infringement regarding the White Armor® cool roof granules. A jury unanimously ruled in favor of U.S. Silica in March 2022, confirming willful infringement and dismissing AKW's counterclaims. The Court's Final Judgment, entered on March 29, 2023, upheld the jury's findings and imposed treble damages and a permanent injunction against AKW. CEO Bryan Shinn expressed satisfaction with the outcome, affirming U.S. Silica's commitment to defending its intellectual property rights. U.S. Silica is a leading producer of commercial silica, with a history spanning over 123 years and 27 operational facilities in the U.S.
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