Chemical maker U.S. Silica Holdings
(NYSE: SLCA) increased 10%, after launching earnings. Income
hopped 58% to $115.9 thousand and net earnings increased 83% to $18.8 thousand,
or $0.36 per discuss. Experts only predicted revenue of $104 thousand and
earnings of $0.33 per discuss. Oil and
gas proppants was the organization's greatest development car owner with a 166%
improve in sales. I wouldn't anticipate this kind of development to proceed
next year as shale burrowing development decreases in the U.S., but the company
is clearly doing well right now. Stocks are dealing at just eight times next
seasons earnings reports and considering the latest performance I think that
gives shares a lot of room to shift greater.
Bryan Shinn, President and Chief Executive Officer, said, “In the third one fourth of 2012, U.S. It obtained record performance in volume, income and Modified EBITDA, going above the high end of the assistance that we provided in our last income launch. Our performance shows the power of U.S. Silica’s business – which account balances the benefit growth potential in non-traditional burrowing with constant commercial markets.”
Bryan Shinn, President and Chief Executive Officer, said, “In the third one fourth of 2012, U.S. It obtained record performance in volume, income and Modified EBITDA, going above the high end of the assistance that we provided in our last income launch. Our performance shows the power of U.S. Silica’s business – which account balances the benefit growth potential in non-traditional burrowing with constant commercial markets.”
The Company revealed third one fourth 2012 earnings of
$115.9 million, an increase of $42.4 million, or 58% from the $73.5 million
revealed for the same period this season. Overall product sales increased to
nearly 1.9 million plenty, or 19% above the prior season product sales of 1.6
million plenty. The Oil and Gas Proppants segment was the primary driver of
year-over-year revenue growth. Third one fourth Oil and Gas earnings were $64.5
million – up 166% in comparison to third one fourth of 2011. The Company sold
769.0 million plenty of sand into the Oil and Gas services markets, which
produced $34.2 million in participation edge for the third one fourth, in
comparison to nearly 458.8 million plenty and a participation edge of $15.6
million in the third one fourth of 2011.
