Smart Sand Inc Stock Price, News & Analysis

Smart Sand, Inc. reported robust financial results for the fourth quarter and full year 2022. Revenues reached $73.8 million for Q4 and $255.7 million for the full year, marking year-over-year increases of 110% and 102%, respectively. Total tons sold were approximately 1,175,000 in Q4 and 4,333,000 in 2022, up 35% and 36% year-over-year. The company achieved a net income of $2.6 million in Q4 compared to a net loss of $(12.2) million in Q4 2021. Adjusted EBITDA also improved, reaching $10.7 million for Q4 and $29.3 million for the year. Despite a negative free cash flow of $(13.9 million) for the full year, cash operations remain positive.

Smart Sand, Inc. (NASDAQ: SND) has completed the repurchase of 5.18 million shares from Clearlake Capital Partners for approximately $8.85 million. Of this amount, $4.42 million was paid in cash, while the remainder is financed through an unsecured promissory note maturing on December 15, 2023. This buyback represents about 11.3% of the company's outstanding shares, underscoring Smart Sand's commitment to enhancing shareholder value. CEO Charles Young emphasized the strategic importance of this move as a solid investment in the company's future, thanking Clearlake for its longstanding partnership and initial support since 2012.

Smart Sand, Inc. (NASDAQ: SND) announced its fourth quarter and full year financial results will be released on February 28, 2023, after market close. A conference call to discuss these results is scheduled for March 1, 2023, at 10:00 a.m. ET, hosted by CEO Chuck Young, CFO Lee Beckelman, and COO John Young. The call will be available via webcast on the company’s website, and participants should register in advance to receive dial-in information. Smart Sand is a leading provider of frac and industrial sand, producing high-quality Northern White sand for oil and gas applications, with operational facilities in Wisconsin and Illinois.

Smart Sand, Inc. reported strong financial results for Q3 2022, with revenues of $71.6 million and a net income of $2.7 million. Despite a 7% sequential decrease in tons sold, volumes increased by 41% year-over-year. The company's gross profit rose to $11.4 million, driven by higher sales prices and shortfall revenues. Adjusted EBITDA was $11.3 million, reflecting improved operational efficiency. Smart Sand maintained a positive outlook for demand in the North American market, forecasting continued strong performance.

Smart Sand, Inc. (NASDAQ: SND) will release its third quarter financial results on November 8, 2022, after market close. An investor conference call is scheduled for November 9, 2022, at 10:00 a.m. ET, featuring CEO Chuck Young, CFO Lee Beckelman, and COO John Young to discuss the results. Interested parties can join the call via webcast or teleconference. A replay will be available post-call.

Smart Sand reported a 2Q 2022 revenue of $68.7 million, a significant rise from $41.6 million in 1Q 2022 and $29.6 million YoY. The company sold approximately 1.2 million tons of sand, a record volume driven by strong demand and higher pricing. Despite a net loss of $0.1 million, an improvement from previous quarters, the adjusted EBITDA stood at $9.2 million. The company anticipates continued financial strength in the latter half of the year with increased deployments of its SmartSystems and industrial sales.

Smart Sand, Inc. (NASDAQ: SND) will release its Q2 financial results on August 9, 2022, after market close. A conference call for investors is scheduled for August 10, 2022, at 10:00 a.m. ET, led by CEO Chuck Young, CFO Lee Beckelman, and COO John Young. Investors can access the live webcast through the company’s website, and a replay will be available afterward. Smart Sand specializes in frac and industrial sand supply and logistics, producing high-quality Northern White sand for oil and gas applications, with operations in Wisconsin and Illinois.

Smart Sand (SND) reported first-quarter 2022 revenues of $41.6 million, a 18% increase from Q4 2021's $35.1 million and a 51% rise from $27.5 million in Q1 2021. The company sold approximately 852,000 tons of sand, slightly down from the previous quarter but up 12% year-over-year. Gross profit improved to -$2.0 million, compared to -$6.5 million in Q4 2021, reflecting higher sales prices. Despite a net loss of $5.9 million for Q1 2022, improvements in revenue, contribution margin, and adjusted EBITDA indicate a potential for recovery as market conditions improve.

Smart Sand, Inc. (NASDAQ: SND) will announce its first quarter financial results on May 11, 2022, after market close. A conference call is scheduled for May 12, 2022, at 10:00 a.m. Eastern Time, featuring CEO Chuck Young, CFO Lee Beckelman, and COO John Young. The call can be accessed via webcast on the Company’s website or by phone with specific dialing instructions provided. Smart Sand specializes in supplying and servicing frac sand, focusing on high-quality Northern White sand for hydrocarbon recovery and industrial applications. More information can be found at www.smartsand.com.