U.S. Silica (SLCA) Tops Q1 EPS by 7c

U.S. Silica (NYSE: SLCA) reported Q1 EPS of $0.54, $0.07 better than the analyst estimate of $0.47. Revenue for the quarter came in at $369.3 million versus the consensus estimate of $366.52 million.

Outlook and Guidance

The Company anticipates that its capital expenditures for 2018 will be in the range of $300 million to $350 million, mostly due to the completion of capacity expansion projects started in 2017 and continued investments in Sandbox. The Company\'s full year 2018 tax rate is expected to be in the range of 18% to 20%.

For the second quarter, we expect volumes in Oil & Gas to be up in the range of 10 to 15 percent. We anticipate that spot pricing will continue to increase in the second quarter at mid-single digit rates and that some of our contract volumes indexed to the horizontal rig count will reset to higher pricing as well.

For Sandbox, we expect improved volumes and pricing in the second quarter, as we continue to add crews, increase pricing and benefit from the increased volumes of sand being pumped per well today.

For ISP, we expect a strong second quarter with higher volumes and margins, driven by positive seasonality and a more favorable product mix.

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

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