U.S. Silica (SLCA) Q1 Earnings And Sales Beat Estimates
Zacks Investment Research | May 05, 2019 11:55PM ET
U.S. Silica Holdings, Inc. (NYSE:SLCA) registered a loss in first-quarter 2019. The company’s net loss of $19.3 million or 26 cents per share in the period came in against net income of $31.3 million or 39 cents a year ago.
Barring one-time items, adjusted loss was 8 cents per share, narrower than the Zacks Consensus Estimate of a loss of 14 cents.
U.S. Silica generated revenues of $378.7 million, up around 2.6% year over year. The figure also beat the Zacks Consensus Estimate of $357 million.
Per the company, results were driven by Sandbox business along with a better-than-expected performance of the Oil and Gas sand business and a solid quarter from the Industrial business. It witnessed a recovery in volumes and pricing for Northern White sand. The same trend is projected in second-quarter 2019 as well.
U.S. Silica Holdings, Inc. Price, Consensus and EPS Surprise
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