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.
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Smart Sand (NASDAQ: SND) has announced it will release its first quarter financial results after market close on May 9, 2023. A conference call for investors is scheduled for May 10, 2023, at 10:00 a.m. Eastern Time, hosted by CEO Chuck Young, CFO Lee Beckelman, and COO John Young. This call will discuss the recent performance and significant events.
Smart Sand is a fully integrated frac sand supply company, specializing in Northern White sand, utilized in hydrocarbon recovery and various industrial applications. The company operates mines in Wisconsin and Illinois, with access to Class I rail lines for efficient product delivery across the U.S. and Canada.
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.