STOCK TITAN
  1. Home
  2. News
  3. SLCA

U.S. Silica Holdings Inc - SLCA STOCK NEWS

Welcome to our dedicated news page for U.S. Silica Holdings (Ticker: SLCA), a resource for investors and traders seeking the latest updates and insights on U.S. Silica Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect U.S. Silica Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of U.S. Silica Holdings's position in the market.

News
U.S. Silica Holdings, Inc. Reports First Quarter 2024 Results
Rhea-AI Summary
U.S. Silica Holdings, Inc. reported first quarter 2024 results with GAAP EPS of $0.17 and adjusted EPS of $0.20 per diluted share. The Industrial and Specialty Products segment saw a 7% increase in contribution margin year over year, with total tonnage sold up by 6% sequentially. The company reported cash flow from operations of $40.9 million and completed a term loan repricing while extinguishing an additional $25 million of debt. Moody's and S&P Global upgraded the company's credit rating. U.S. Silica entered into a definitive agreement to be acquired by Apollo Funds for $1.85 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
News
U.S. Silica Enters Into Definitive Agreement to Be Acquired by Apollo Funds for $1.85 Billion
Rhea-AI Summary
U.S. Silica Holdings, Inc. has entered into a definitive agreement to be acquired by Apollo Funds for $1.85 billion, with stockholders receiving $15.50 per share in cash. The acquisition values the company at an enterprise value of approximately $1.85 billion, offering an 18.7% premium to the closing share price on April 25, 2024. Upon completion, U.S. Silica will become a private company, continuing operations under the same name and leadership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
-
News
U.S. Silica Announces Timing of Earnings Release and Investor Call
Rhea-AI Summary
U.S. Silica Holdings, Inc. (SLCA) will release its first quarter 2024 financial results on April 26, 2024, followed by an investor conference call. Bryan Shinn, CEO, and Kevin Hough, interim CFO, will host the call. Investors can access the live webcast and supporting materials on the company's website. The call will be archived for one year, with replay options available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
earnings
News
U.S. Silica Announces Successful Completion of Term Loan B Repricing and $25 Million Loan Repurchase
Rhea-AI Summary
U.S. Silica Holdings, Inc. (SLCA) successfully completed the repricing of its $950 million senior secured Term Loan B, reducing the interest rate margin by 75 basis points. The company also repaid $25 million in debt, extinguishing it at par. U.S. Silica has repurchased a total of $359 million in debt over the last seven quarters, aiming to lower debt service costs in the current high-interest rate environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
buyback
-
News
U.S. Silica Announces Credit Rating Upgrades by Moody's Ratings and S&P Global
Rhea-AI Summary
U.S. Silica Holdings, Inc. (SLCA) receives credit rating upgrades from Moody's Ratings and S&P Global, indicating an improved credit profile due to debt reduction, robust earnings growth, and cost structure enhancements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.45%
Tags
none
-
News
U.S. Silica Holdings, Inc. Announces Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
U.S. Silica Holdings Inc. (SLCA) reports strong financial performance for Q4 2023, with GAAP EPS of $0.37 and adjusted EPS of $0.28 per diluted share. Full-year 2023 net income increased by 88% to $146.9 million. The total company saw a 16% year-over-year increase in contribution margin to $549.7 million. The balance sheet was strengthened with the extinguishment of $25 million in debt. The company's Oil and Gas segment demonstrated a 35% contribution margin, while the Industrial and Specialty Products segment showed a 27% increase in contribution margin per ton. Despite lower volumes in Q4, the company remains optimistic for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.28%
Tags
earnings
News
U.S. Silica Announces Timing of Earnings Release and Investor Call
Rhea-AI Summary
U.S. Silica Holdings, Inc. (NYSE: SLCA) will release its Q4 and full year 2023 financial results on February 27, 2024. The conference call will be hosted by CEO Bryan Shinn and interim CFO Kevin Hough, accessible via webcast or telephone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.37%
Tags
earnings
-
News
U.S. Silica Holdings, Inc. Announces Completion of $25 Million Loan Repurchase
Rhea-AI Summary
U.S. Silica Holdings, Inc. (NYSE: SLCA) has announced the completion of a $25 million voluntary term loan principal repayment, strengthening its balance sheet and reducing debt service costs. The company has extinguished a total of $334 million of debt over the past six quarters, aiming to invest in increased capacity, added capabilities, and innovative new products in its industrial business to take advantage of future growth opportunities and enhance shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
buyback
-
News
U.S. Silica Appoints Chief Accounting Officer
Rhea-AI Summary
U.S. Silica Holdings, Inc. (NYSE: SLCA) appoints Gene Padgett as Vice President, Chief Accounting Officer and Controller, bringing over 25 years of accounting and financial experience. Mr. Padgett's appointment is expected to strengthen the company's growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
News
U.S. Silica Holdings, Inc. to Host Virtual Investor Event December 13
Rhea-AI Summary
U.S. Silica Holdings, Inc. (SLCA) will host a virtual investor event to showcase its Industrial & Specialty Products business segment. The event will provide insights into the company's strategy, new market opportunities, and product pipeline, highlighting its diversified mining, materials, and logistics enterprise. CEO Bryan Shinn emphasized the company's essential role in various industrial value chains, with a focus on long-term and sustainable value creation in the ISP business segment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
conferences
Stock SLCA logo
U.S. Silica Holdings Inc

NYSE:SLCA

SLCA Rankings

#2267 Ranked by Market Cap
#2960 Ranked by Stock Gains
N/A Ranked by Dividends

SLCA Stock Data

1.01B
71.46M
3.56%
89.81%
7.53%
Industrial Sand Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Katy

About SLCA

u.s. silica is a leading producer of commercial silica used in the oil and gas industry, and in a wide range of industrial applications. over our 115-year history, u.s. silica has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 250 products to customers across our end markets. u.s. silica is known for building a legacy of service and making a difference in the communities where we live and work. it’s part of our dna and a core value for our company. although we are rooted in tradition, we never stop looking to the future. our sustainability programs are central to our ability to constantly improve, innovate and remain competitive. check out our 2014 sustainability report at www.ussilicasustain.com. the best part of our company is our people! every day our people showcase the best of u.s. silica by delivering outstanding results while living by our company core values. our culture sets a stron