Free Post Earnings Research Report: US Silica’s Revenue Soared 51%; EPS Rocketed Over 1,000%

Stock Monitor: Sierra Metals Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 10, 2018 / If you want access to our free earnings report on US Silica Holdings, Inc. (NYSE: SLCA), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SLCA. US Silica reported its first-quarter fiscal 2018 operating and financial results on April 24, 2018. The commercial silica producer beat earnings estimates and provided guidance. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Sierra Metals Inc. (NYSE AMER: SMTS), which also belongs to the Basic Materials sector as the Company US Silica Holdings. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, US Silica Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

US Silica’s first quarter 2018 revenue totaled $369.3 million, up 51% compared to sales $244.8 million in Q1 2017. The Company’s reported numbers lagged behind analysts’ estimates of $370 million.

During Q1 2018, US Silica’s overall tons sold totaled 4.13 million, up 3% compared to 4.022 million tons sold in Q4 2017 and 22% on a y-o-y basis. The Company’s contribution margin was $119.9 million for the reported quarter, up 2% sequentially compared to $117.1 million in the prior quarter and 103% over the prior year’s corresponding quarter.

For Q1 2018, US Silica’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was $95.4 million compared to adjusted EBITDA 42.7 million in Q1 2017.

US Silica announced net income of $31.3 million, or $0.39 per diluted share, for Q1 2018 compared to net income of $2.5 million, or $0.03 per diluted share, for Q1 2017. The results for the reported quarter were negatively impacted by $9.4 million, or $0.09 per share, in plant start-up and expansion expense, $2.5 million or $0.03 per share in M&A related expense, and a net loss on sale of assets of $3.4 million, or $0.03 per share, resulting in adjusted earnings of $0.54 per diluted share for Q1 2018. The Company’s earnings beat Wall Street’s estimates of $0.45 per share.

US Silica Holdings’ Segment Results

During Q1 2018, the Oil and Gas segment’s revenue totaled $312.9 million, up 62% compared to $193.0 million for Q1 2017. The segment’s tons sold totaled 3.25 million, reflecting an increase of 28% from the 2.532 million tons sold in the prior year’s same quarter. Oil and Gas segment’s contribution margin was $99.4 million, up compared to $38.8 million in Q1 2017.

For Q1 2018, the Industrial and Specialty Products revenue totaled $56.4 million, reflecting an increase of 9% over revenue of $51.8 million in Q1 2017. The segment’s tons sold totaled 0.877 million, an increase of 3% compared to the 0.851 million tons sold in Q4 2017, and up 2% on a y-o-y basis. The Industrial and Specialty Products segment’s contribution margin was $20.5 million compared to $21.3 million in Q4 2017, down 4% sequentially and up 2% from Q1 2017 on a y-o-y basis.

Capital Update

As of March 31, 2018, US Silica had $329.5 million in cash and cash equivalents and $45.5 million available under its credit facilities. The Company’s total debt as of March 31, 2018, was $510.9 million. US Silica’s capital expenditures in the first quarter totaled $72.3 million and were associated largely with engineering, procurement, and construction of the Company’s growth projects and maintenance and cost improvement capital projects.

During Q1 2018, US Silica repurchased approximately 2.8 million common shares for a total of $75 million. As of March 31, 2018, the Company has repurchased the total of approximately 3.5 million shares, completing the $100 million authorized under the current plan.

Outlook

US Silica’s is forecasting capital expenditures for the full year 2018 will be in the range of $300 million to $350 million, mostly due to the completion of capacity expansion projects started in 2017 and continued investments in Sandbox.

For Q2 2018, US Silica is projecting volumes in Oil & Gas to be up in the range of 10% to 15%.

Stock Performance Snapshot

May 09, 2018 – At Wednesday’s closing bell, US Silica’s stock was marginally up 0.56%, ending the trading session at $32.23.

Volume traded for the day: 2.84 million shares, which was above the 3-month average volume of 2.68 million shares.

Stock performance in the last month – up 20.94%; previous three-month period – up 6.97%; and past six-month period – up 2.25%

After yesterday’s close, US Silica’s market cap was at $2.64 billion.

Price to Earnings (P/E) ratio was at 19.01.

The stock has a dividend yield of 0.78%.

The stock is part of the Basic Materials sector, categorized under the Industrial Metals & Minerals industry. This sector was up 2.2% at the end of the session.

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