U.S. Silica (SLCA) Misses Q4 EPS by 3c, Slight Beat on Revenues

Note: EPS may not be comparable

U.S. Silica (NYSE: SLCA) reported Q4 EPS of $0.52, $0.03 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $360 million versus the consensus estimate of $359.77 million.

Fourth Quarter 2017 Highlights

Total Company

• The fourth quarter results were also negatively impacted by $9.9 million or $0.07 per basic share of business development-related expense, resulting in adjusted EPS for the quarter of $0.52 per basic share.
• Revenue totaled $360.6 million compared with $182.4 million for the same period last year, an increase of 98% on a year-over-year basis and an increase of 5% sequentially over the third quarter of 2017.
• Overall tons sold totaled 4.022 million, up 40% compared to 2.872 million tons sold in the fourth quarter of 2016 and relatively flat sequentially with the third quarter of 2017.
• Contribution margin for the quarter was $117.1 million, up 212% compared with $37.5 million in the same period of the prior year and down 2% sequentially from the third quarter of 2017.
• Adjusted EBITDA was $93.2 million compared with Adjusted EBITDA of $20.7 million in the fourth quarter of 2016 and $96.7 million in the third quarter of 2017.

For earnings history and earnings-related data on U.S. Silica (SLCA) click here.

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