U S Silica Hldgs Inc Stock Price, News & Analysis

On March 23, 2023, U.S. Silica Holdings (NYSE: SLCA) announced a fourth amended and restated Credit Agreement totaling $1.1 billion. The agreement comprises a $950 million senior secured Term Loan B maturing in March 2030 and an increased Revolving Credit Facility of $150 million, up from $100 million, due in March 2028. The funds will enable the company to extinguish $109 million of debt and cover refinancing fees. CEO Bryan Shinn indicated that this move strengthens the company's balance sheet, allowing for continued earnings, cash flow generation, and debt reduction, having already eliminated over $250 million in long-term debt in nine months.

U.S. Silica Holdings, Inc. (NYSE: SLCA) reported fourth quarter revenue of $412.9 million and a full year revenue of $1.5 billion, reflecting a 38% increase year-over-year. The company achieved a net income of $31.6 million, or $0.40 per diluted share, for Q4 2022, with adjusted earnings per share of $0.43. Cash flow from operations rose 55% to $262.7 million. The Oil & Gas segment saw a 2% increase in proppant volumes. While the Industrial Products segment faced seasonal profit declines, overall customer demand remains strong. Looking ahead, U.S. Silica expects continued growth and free cash flow generation.

U.S. Silica Holdings (NYSE: SLCA) will release its fourth quarter 2022 financial results before the New York Stock Exchange opens on February 24, 2023. This will be followed by a conference call for investors at 7:30 a.m. Central Time on the same day, led by CEO Bryan Shinn and CFO Don Merril. Interested parties can access the live webcast on the company's website or dial in via phone. U.S. Silica is recognized for producing commercial silica used in oil and gas, along with various industrial applications, supported by a history of 123 years in mining and processing.

U.S. Silica Holdings reported a net income of $32.1 million, or $0.41 per diluted share, for Q3 2022, marking an 8% revenue increase to $418.8 million compared to Q2 2022. Adjusted EPS rose to $0.43, with EBITDA increasing by 10% to $102.7 million. Oil & Gas revenue reached $267.5 million, a 10% increase sequentially. The company repurchased $50 million in debt, totaling $150 million for the year. With strong cash flow generation, it aims for operating cash flow positivity in 2022 and 2023, while continuing to address inflationary impacts through pricing adjustments.

U.S. Silica Holdings (NYSE: SLCA) has successfully completed a $50 million voluntary term loan repayment, utilizing excess cash at a discount to par. CEO Bryan Shinn stated that this repayment strengthens the company's leverage profile, bringing total debt repurchases in 2022 to $150 million. The company remains committed to creating shareholder value and reports strong performance across its business segments.

U.S. Silica Holdings, Inc. (NYSE: SLCA) announced it will release its third quarter 2022 financial results on October 28, 2022, before the market opens. This will be followed by a conference call at 7:30 a.m. Central Time to discuss the results, hosted by CEO Bryan Shinn and CFO Don Merril. Investors can access the call via a live webcast on the Company's website. U.S. Silica is a leading producer of commercial silica for various industrial applications, with a history of over 122 years and a diverse product range.

U.S. Silica Holdings, Inc. (NYSE: SLCA) will implement price increases of 9% to 20% on most non-contracted silica sand, aplite, limestone, diatomaceous earth, perlite, engineered clays, and non-activated clay products, effective November 1, 2022. This decision aims to offset rising costs in labor, transportation, materials, and manufacturing. U.S. Silica is a leading producer of commercial silica utilized across various industries, with over 600 diversified products and 28 operating facilities.

U.S. Silica Holdings (NYSE: SLCA) announced that CEO Bryan Shinn will present at the Barclays CEO Energy-Power Investor Conference on September 7, 2022, at 12:40 p.m. ET. The presentation will be accessible via a live webcast. U.S. Silica is a global performance materials company specializing in commercial silica production for the oil and gas industry and various industrial applications. With over 122 years in operation, it boasts 28 mines and facilities, providing over 600 products.