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U.S. Silica Holdings, Inc. (NYSE: SLCA) announced the release of its third-quarter 2020 financial results on October 29, 2020, before the NYSE opens. Following the release, an investor conference call will be held on the same day at 7:30 a.m. Central Time, hosted by CEO Bryan Shinn and CFO Don Merril. Investors can access the call via the company's website or by telephone. U.S. Silica is a leading producer of commercial silica for various industrial applications, currently operating 23 mines and production facilities.
U.S. Silica Holdings, Inc. (NYSE: SLCA) announced the resignation of President Brad Casper, effective August 31, 2020, to pursue other opportunities. Casper has played a key role in the company's growth over the past nine years. CEO Bryan Shinn expressed gratitude for Casper's contributions. U.S. Silica is a global performance materials company, producing silica for various industrial applications and oil and gas. The company operates 23 facilities and is a member of the Russell 2000 Index.
U.S. Silica Holdings (NYSE: SLCA) reported a net loss of $32.4 million for Q2 2020, equating to $(0.44) per share. This loss was primarily driven by $33.4 million in asset impairment charges and reduced revenues of $172.5 million, a decline of 36% from Q1 and 56% from Q2 2019. Tons sold dropped significantly to 1.904 million, down 54% sequentially. Despite challenges, the company sees a rebound in industrial sand sales for July and anticipates sequential growth in proppant volumes in Q3, bolstered by customer activity resuming.
U.S. Silica Holdings, Inc. (NYSE: SLCA) announced it will release its second quarter 2020 financial results on July 31, 2020, before trading opens. Following this, a conference call will be held at 7:30 a.m. Central Time, led by CEO Bryan Shinn and CFO Don Merril. Investors can access the live conference call via the Company’s website or by phone. The webcast will be archived for one year. U.S. Silica specializes in commercial silica production and is a key player in the oil and gas sector, boasting a diverse portfolio and 23 operational facilities.