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. reports developments tied to Northern White frac sand, industrial sand products and proppant logistics. The company supplies mine-to-wellsite sand solutions for hydraulic fracturing customers, serves industrial applications such as glass, foundry, filtration, ceramics and building products, and provides logistics through in-basin transloading terminals and SmartSystems wellsite storage and sand management services.
Recurring updates cover quarterly results, sales volumes, cash flow, contribution margin, shale-basin demand in U.S. and Canadian markets, product purchase agreements, investor presentations, special dividends and share repurchase programs. Company news also references sand mines and processing facilities in Wisconsin and Illinois and rail access used to deliver products across the United States and Canada.
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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