U.S. Silica (SLCA) Gains After Increasing Adjusted EBITDA Guidance

U.S. Silica Holdings, Inc. (NYSE: SLCA) announced today that it is increasing its guidance for full year, 2014 Adjusted EBITDA from a range of $215 million to $225 million to a range of $230 million to $240 million, based on the strength of the markets for both of its operating segments. Additionally, the Company is reiterating its full year 2014 guidance for capital expenditures in the range of $95 million to $105 million and an effective tax rate of approximately 27 percent. The Company is planning to report its third quarter, 2014 financial results on Wednesday, Oct. 29, 2014 after the close of the market.

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