Covia Holdings Corporation (CVIA) Misses Q2 EPS by 53c, Revenues Miss

Covia Holdings Corporation (NYSE: CVIA) reported Q2 EPS of $0.17, $0.53 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $508.42 million versus the consensus estimate of $613.13 million.

Ms. Deckard said, “As we move into the second half of the year, the outlook for the Industrial markets that we serve remains steady, and our teams continue to explore cross-selling and other attractive growth opportunities as a result of our now combined product and operational footprints. Within the proppant market, continued supply growth has begun to outpace the growth in demand, which will create pricing and volume pressure. We remain committed to capturing synergies, growing our total solutions offerings, and leveraging our industry-leading capabilities to outperform in the market.”

For earnings history and earnings-related data on Covia Holdings Corporation (CVIA) click here.

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