SMART SAND, INC. DECLARES SPECIAL DIVIDEND OF $0.10 PER SHARE AND AUTHORIZES SHARE REPURCHASE PROGRAM
Smart Sand, Inc. (NASDAQ: SND) has announced two significant measures to return value to shareholders. Firstly, the company's board of directors has declared a special cash dividend of $0.10 per share, payable on October 28, 2024, to stockholders of record as of October 15, 2024. Secondly, the board has approved a share repurchase program authorizing the company to buy back up to $10.0 million of its outstanding common stock through April 3, 2026.
The repurchase program allows Smart Sand flexibility in timing, manner, price, and amount of share buybacks. CEO Charles Young attributed these shareholder-friendly actions to the company's focus on cost reduction, low leverage, and operational efficiency. He emphasized Smart Sand's commitment to maintaining low leverage, sufficient liquidity, and positive free cash flow generation while seeking opportunities to return value to stockholders.
Smart Sand, Inc. (NASDAQ: SND) ha annunciato due misure significative per restituire valore agli azionisti. In primo luogo, il consiglio di amministrazione della società ha dichiarato un dividendo speciale in contante di $0,10 per azione, che sarà pagato il 28 ottobre 2024, agli azionisti registrati al 15 ottobre 2024. In secondo luogo, il consiglio ha approvato un programma di riacquisto di azioni autorizzando la società a riacquistare fino a $10,0 milioni delle sue azioni ordinarie in circolazione entro il 3 aprile 2026.
Il programma di riacquisto consente a Smart Sand flessibilità in termini di tempistiche, modalità, prezzo e importo degli acquisti di azioni. Il CEO Charles Young ha attribuito queste azioni favorevoli agli azionisti al focus della società su riduzione dei costi, bassa leva finanziaria e efficienza operativa. Ha enfatizzato l'impegno di Smart Sand a mantenere una bassa leva finanziaria, una liquidità sufficiente e una generazione di flusso di cassa libero positivo, mentre cerca opportunità per restituire valore agli azionisti.
Smart Sand, Inc. (NASDAQ: SND) ha anunciado dos medidas significativas para devolver valor a los accionistas. En primer lugar, la junta directiva de la compañía ha declarado un dividendo en efectivo especial de $0,10 por acción, que se pagará el 28 de octubre de 2024, a los accionistas registrados hasta el 15 de octubre de 2024. En segundo lugar, la junta ha aprobado un programa de recompra de acciones que autoriza a la compañía a recomprar hasta $10,0 millones de sus acciones ordinarias en circulación hasta el 3 de abril de 2026.
El programa de recompra permite a Smart Sand flexibilidad en cuánto a tiempo, manera, precio y cantidad de las recompra. El CEO Charles Young atribuyó estas acciones favorables a los accionistas al enfoque de la compañía en reducción de costos, baja deuda y eficiencia operativa. Enfatizó el compromiso de Smart Sand de mantener una baja deuda, suficiente liquidez y generación de flujo de efectivo libre positivo, mientras busca oportunidades para devolver valor a los accionistas.
스마트 샌드 주식회사 (NASDAQ: SND)는 주주에게 가치를 환원하기 위한 두 가지 중요한 조치를 발표했습니다. 첫째로, 회사의 이사회는 주당 0.10달러의 특별 현금 배당금을 선언했으며, 이는 2024년 10월 28일에 2024년 10월 15일 기준 주주에게 지급될 예정입니다. 둘째로, 이사회는 최대 1000만 달러의 자사 발행 보통주를 2026년 4월 3일까지 매입할 수 있도록 허가하는 자사주 매입 프로그램을 승인했습니다.
매입 프로그램은 스마트 샌드가 주식 매입의 시기, 방법, 가격 및 양에 있어 유연성을 가질 수 있게 해줍니다. CEO 찰스 영은 이러한 주주 친화적인 조치를 비용 절감, 낮은 레버리지 및 운영 효율성에 대한 회사의 집중 덕분이라고 설명했습니다. 그는 스마트 샌드가 낮은 레버리지와 충분한 유동성, 긍정적인 자유 현금 흐름 생성을 유지하려는 의지를 강조하며 주주에게 가치를 환원할 기회를 찾고 있다고 말했습니다.
Smart Sand, Inc. (NASDAQ: SND) a annoncé deux mesures significatives pour restituer de la valeur aux actionnaires. Premièrement, le conseil d'administration de la société a déclaré un dividende exceptionnel en espèces de 0,10 $ par action, payable le 28 octobre 2024, aux actionnaires inscrits au 15 octobre 2024. Deuxièmement, le conseil a approuvé un programme de rachat d'actions autorisant la société à racheter jusqu'à 10,0 millions $ de ses actions ordinaires en circulation jusqu'au 3 avril 2026.
Le programme de rachat donne à Smart Sand une flexibilité quant au timing, à la méthode, au prix et au montant des rachats d'actions. Le PDG Charles Young a attribué ces actions favorables aux actionnaires à l'accent mis par l'entreprise sur la réduction des coûts, un faible endettement et l'efficacité opérationnelle. Il a souligné l'engagement de Smart Sand à maintenir un faible endettement, une liquidité suffisante et une génération de flux de trésorerie disponible positive tout en recherchant des opportunités pour restituer de la valeur aux actionnaires.
Smart Sand, Inc. (NASDAQ: SND) hat zwei bedeutende Maßnahmen zur Rückführung von Werten an die Aktionäre angekündigt. Zunächst hat der Vorstand des Unternehmens eine sonstige Bardividende von 0,10 $ pro Aktie erklärt, die am 28. Oktober 2024 an die Aktionäre, die am 15. Oktober 2024 registriert sind, ausgezahlt wird. Zweitens hat der Vorstand ein Aktienrückkaufprogramm genehmigt, das das Unternehmen ermächtigt, bis zu 10,0 Millionen $ seiner ausstehenden Stammaktien bis zum 3. April 2026 zurückzukaufen.
Das Rückkaufprogramm gibt Smart Sand Flexibilität in Bezug auf Zeitpunkt, Art, Preis und Menge der Aktienrückkäufe. CEO Charles Young führte diese aktionärsfreundlichen Maßnahmen auf den Fokus des Unternehmens auf Kostensenkung, niedrige Verschuldung und operative Effizienz zurück. Er betonte das Engagement von Smart Sand, eine niedrige Verschuldung, ausreichende Liquidität und eine positive Erzeugung von freiem Cashflow aufrechtzuerhalten, während er nach Möglichkeiten sucht, den Aktionären Wert zurückzugeben.
- Declaration of a special cash dividend of $0.10 per share
- Authorization of a $10.0 million share repurchase program
- Improved financial position allowing for shareholder value return
- Focus on cost reduction and operational efficiency
- Commitment to maintaining low leverage levels and positive free cash flow
- None.
Insights
Smart Sand's announcement of a
The share repurchase program, running through April 2026, provides flexibility for the company to buy back shares when they believe the stock is undervalued. This can potentially increase earnings per share and stock price over time. The program size represents about
CEO Charles Young's comments highlight the company's focus on cost reduction, low leverage and operational efficiency. This conservative financial approach, coupled with positive free cash flow generation, suggests a sustainable foundation for these shareholder-friendly actions. However, investors should monitor how these initiatives impact the company's liquidity and growth investments going forward.
The Company also announced today that its board of directors approved a share repurchase program authorizing the Company to repurchase up to
"We are excited to return value to our stockholders through this initial special dividend," said Charles Young, the Company's Chief Executive Officer. "Our consistent focus on reducing costs, maintaining low leverage levels and increasing operational efficiency has provided us with the opportunity to declare this special dividend and to initiate this share buyback program. We plan to continue to be diligent in pursuing our long term goals of low leverage levels, sufficient levels of liquidity and positive free cash flow generation along with looking to return value to our stockholders opportunistically going forward."
About Smart Sand:
Smart Sand is a fully integrated frac and industrial sand supply and services company, offering complete mine to wellsite proppant and logistics solutions to our frac sand customers, and a broad offering of products for industrial sand customers. The Company produces low-cost, high quality Northern White sand, which is a premium sand used as a proppant to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company's sand is also a high-quality product used in a variety of industrial applications, including glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf & landscaping, retail, recreation and more. The Company offers logistics solutions to its customers through in-basin transloading terminals and its SmartSystems™ wellsite storage and sand management capabilities. Smart Sand owns and operates premium sand mines and related processing facilities in
Contact:
Lee Beckelman
Phone: (281) 231-2660
Email: lbeckelman@smartsand.com
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SOURCE Smart Sand, Inc.
FAQ
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