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. (SND) is a leading integrated supplier of frac and industrial sand solutions, serving energy and industrial markets across North America. This dedicated news hub provides investors and industry professionals with direct access to official corporate announcements, operational updates, and strategic developments.
Our curated collection of SND news ensures timely access to earnings reports, partnership announcements, production milestones, and market expansion initiatives. Track updates across key operational areas including mine production levels, logistics innovations through SmartSystems technology, and industrial sand applications beyond hydrocarbon recovery.
All content undergoes strict verification to maintain compliance with financial disclosure standards. The archive serves as a reliable resource for understanding SND's position in the evolving frac sand market, with coverage spanning operational efficiencies, environmental initiatives, and strategic customer partnerships.
Bookmark this page for streamlined monitoring of SND's performance indicators and industry leadership in sand supply chain management. Regular updates ensure you stay informed about this critical materials provider to energy and manufacturing sectors.
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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