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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) announced an increase of up to 25% on the prices of most non-contracted whole grain and ground cristobalite products, effective April 1, 2022. This decision affects products manufactured in Millen, GA, Berkeley Springs, WV, and Columbia, SC, commonly used in building materials, foundries, plastics, and coatings. The price hikes are attributed to ongoing inflationary pressures in raw materials, logistics, and maintenance expenses, highlighting the company's response to current market conditions.
U.S. Silica Holdings, Inc. (NYSE: SLCA) will release its fourth quarter 2021 financial results on February 25, 2022, before the market opens. This will be followed by a conference call for investors at 7:30 a.m. CT led by CEO Bryan Shinn and CFO Don Merril. The call will be accessible via live webcast and will be archived for one year. U.S. Silica produces commercial silica for the oil and gas sector and industrial applications, operating 24 mines and facilities across the U.S.
U.S. Silica Holdings, Inc. (NYSE: SLCA) announced a price increase of up to 15% for its non-contracted engineered clay products, effective March 1, 2022. This decision affects products primarily used in edible oil, industrial oil, and petrochemical processes. The price adjustment is attributed to ongoing inflationary pressures related to raw materials, packaging, logistics, and maintenance expenses.
U.S. Silica Holdings, Inc. (NYSE: SLCA) announced a price increase of 6% to 14% for most non-contracted silica sand, aplite, diatomaceous earth, and clay products. This price hike will take effect for shipments beginning February 1, 2022, in response to ongoing increases in energy, labor, transportation, materials, and manufacturing costs. U.S. Silica is a leading producer of commercial silica and operates 24 mines and production facilities across various industrial applications.
U.S. Silica Holdings (NYSE: SLCA) reported a net loss of $20 million, or $0.27 per diluted share, for Q3 2021, contrasting with a net income of $26 million in Q2 2021. Adjusted EPS is $(0.22) after $4.8 million in pre-tax charges. Revenue reached $267.3 million, a 51% rise from Q3 2020, but a 16% decrease from Q2 2021. Industrial segment revenue was up 1% sequentially, while Oil & Gas revenue fell 27%. The company maintains strong cash flow, with over $250 million in cash, and is exploring strategic alternatives for its Industrial & Specialty Products segment.
U.S. Silica Holdings, Inc. (NYSE: SLCA) will announce its third quarter 2021 financial results before the market opens on October 29, 2021. Following the earnings release, a conference call will be held at 7:30 a.m. Central Time on the same day, featuring CEO Bryan Shinn and CFO Don Merril. Investors can listen live via the company's website or by phone. U.S. Silica is a leading producer of commercial silica with 24 mines and production facilities across various industrial applications.
U.S. Silica Holdings (NYSE: SLCA) announced a review of strategic alternatives for its Industrial & Specialty Products (ISP) segment. Options include a potential sale or separation of the ISP unit. CEO Bryan Shinn stated this review might unlock significant value, emphasizing ISP's position in high-growth markets like renewable energy and infrastructure. The company aims to enhance profitability over the next 3-5 years while prioritizing cash flow generation and debt reduction. No timeline for the review was provided, and there’s no guarantee any transaction will occur.
U.S. Silica Holdings, Inc. (NYSE: SLCA) has appointed Sandra Rogers to its Board of Directors, expanding the board to six members. Ms. Rogers will also serve on the Audit and Nominating & Governance Committees and will focus on enhancing the company's ESG programs. With a strong background in supply chain management from her role at Hillrom Holdings, she brings valuable operational insights. CEO Bryan Shinn and Chairman Charles Shaver expressed optimism about her contributions to the company's growth and efficiency as it navigates market recovery.
U.S. Silica Holdings (NYSE: SLCA) reported a net income of $26 million, or $0.34 per diluted share, for Q2 2021, a significant recovery from a net loss of $20.8 million in Q1 2021. The results were bolstered by a $48.9 million settlement in the Oil & Gas segment. Total revenue reached $317.3 million, up 84% year-over-year and 35% sequentially. The Industrial & Specialty Products segment also showed growth, with revenue of $124 million, marking a 10% increase from Q1 2021. The company aims to prioritize free cash flow and debt reduction while preparing for sustainable long-term growth.
U.S. Silica Holdings, Inc. (NYSE: SLCA) announced a price increase for its non-contracted silica sand, diatomaceous earth, and clay products, effective September 1, 2021. The hikes will range up to 15 percent, necessitated by rising costs in energy, transportation, materials, and manufacturing. This adjustment aims to maintain profitability amid escalating operational expenses in various sectors including glass, foundry, and agriculture.
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