Welcome to our dedicated page for Smart Sand news (Ticker: SND), a resource for investors and traders seeking the latest updates and insights on Smart Sand stock.
Smart Sand, Inc. (NASDAQ: SND) is an industrial sand mining company that describes itself as a fully integrated frac and industrial sand supply and services provider. Its news flow centers on the production and sale of Northern White sand for hydraulic fracturing, industrial sand applications, and the logistics network that connects its Wisconsin and Illinois mines to shale basins and industrial customers across the United States and Canada.
On this page, readers can review press releases and other coverage related to Smart Sand’s operating performance, including quarterly and annual earnings announcements that discuss tons of sand sold, revenue composition between sand and SmartSystems, contribution margin, Adjusted EBITDA, and free cash flow. These updates often explain how sales volumes, average selling prices, freight and transloading costs, and delivery locations affect the company’s results.
News items also highlight developments in Smart Sand’s capital allocation, such as special cash dividends on its common stock and share repurchases under a board-authorized repurchase program. The company has announced special dividends and has described returning capital to shareholders through a combination of stock buybacks and dividends over multiple periods.
In addition, Smart Sand’s releases describe its activity in various shale basins, including the Marcellus, Utica, Bakken, and Canadian plays such as the Montney and Duvernay, as well as growth in its Industrial Product Solutions business. Investors can also find notices about participation in virtual investor conferences and the timing of earnings releases. For ongoing context on how Smart Sand reports its operations, markets, and financial condition, this news feed aggregates the company’s public statements and related coverage.
Smart Sand (NASDAQ: SND) has announced it will release its fourth quarter and full year 2024 financial results after market close on Monday, March 3, 2025. The company has discontinued its practice of hosting earnings conference calls, starting with this upcoming release. Instead, investors can access the Earnings Release, Financial Statements, and Investor Presentations directly through the company's website at www.smartsand.com. The company's CFO, Lee Beckelman, remains available for specific questions via phone or email.
Smart Sand (NASDAQ: SND) reported Q3 2024 results with revenue of $63.2 million, down from $73.8 million in Q2 2024 and $76.9 million in Q3 2023. The company sold approximately 1.2 million tons, showing a 7% sequential decrease. Net loss before income tax was $5.2 million, compared to net income of $1.9 million in Q2 2024. Adjusted EBITDA was $5.7 million, down from $11.9 million in Q2. The company announced a $0.10 per share special dividend and approved a $10 million share buyback program. A new five-year $30 million ABL credit facility was secured with First Citizens Bank.
Smart Sand (NASDAQ: SND) has announced it will release its third quarter 2024 financial results after market close on Tuesday, November 12, 2024. The company will host a conference call for investors on Wednesday, November 13, 2024, at 10:00 a.m. Eastern Time. The call will be led by CEO Chuck Young, CFO Lee Beckelman, COO John Young, and VP of Accounting Chris Green. Investors can join via phone or webcast, with replay available on the company's website.
Smart Sand, Inc. (NASDAQ: SND) has announced two significant measures to return value to shareholders. Firstly, the company's board of directors has declared a special cash dividend of $0.10 per share, payable on October 28, 2024, to stockholders of record as of October 15, 2024. Secondly, the board has approved a share repurchase program authorizing the company to buy back up to $10.0 million of its outstanding common stock through April 3, 2026.
The repurchase program allows Smart Sand flexibility in timing, manner, price, and amount of share buybacks. CEO Charles Young attributed these shareholder-friendly actions to the company's focus on cost reduction, low leverage, and operational efficiency. He emphasized Smart Sand's commitment to maintaining low leverage, sufficient liquidity, and positive free cash flow generation while seeking opportunities to return value to stockholders.
Smart Sand (NASDAQ: SND) reported strong Q2 2024 results with revenue of $73.8 million and net income before taxes of $1.9 million. The company sold approximately 1.3 million tons of sand, a 5% decrease from Q1 2024 but an 18% increase year-over-year. Adjusted EBITDA rose to $11.9 million, up from $9.3 million in Q1 2024. Smart Sand implemented efficiency measures, reducing production costs and administrative expenses, leading to improved contribution margin and free cash flow. The company expects to be free cash flow positive for 2024 and plans to start marketing sand in the Utica shale formation in Q3 2024.
Smart Sand (NASDAQ: SND) has announced the timing for its second quarter 2024 earnings release and investor conference call. The company will release its financial results after market close on Tuesday, August 13, 2024. An investor conference call is scheduled for Wednesday, August 14, 2024, at 10:00 a.m. Eastern Time.
The call will be hosted by key executives including CEO Chuck Young, CFO Lee Beckelman, COO John Young, and VP of Accounting Chris Green. Investors can join by dialing (646) 357-8785 or 1-800-836-8184 and requesting access to the Smart Sand call. A webcast option is also available via a provided link, and the call can be accessed through the company's Investor Relations website. A replay will be made available shortly after the call on the company's website.
Smart Sand, Inc. (NASDAQ: SND) reported its first quarter 2024 financial results, highlighting a significant increase in sales volumes and revenues. The company sold 1.3 million tons of sand, generating $83.1 million in revenue, a 31% increase from the previous quarter. However, the company reported a net loss of $0.2 million, an improvement from the $4.8 million loss in Q4 2023. Adjusted EBITDA rose to $9.3 million, driven by higher sand sales and better utilization of the SmartSystems fleet. Despite the improved operational metrics, free cash flow was negative at $(5.5) million due to increased working capital needs. Smart Sand expects positive free cash flow for the full year 2024 and has earmarked $15-$20 million for capital expenditures.
Smart Sand, Inc. (NASDAQ: SND) will release its first quarter financial results on May 13, 2024, and host a conference call on May 14, 2024, to discuss recent events. Chuck Young, Lee Beckelman, John Young, and Christopher Green will host the call. Investors can join via phone, webcast, or teleconference.
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