Fairmount Santrol (FMSA) Tops Q3 EPS by 9c

Fairmount Santrol (NYSE: FMSA) reported Q3 EPS of $0.35, $0.09 better than the analyst estimate of $0.26. Revenue for the quarter came in at $3.74 billion versus the consensus estimate of $331.73 million.

"We are very pleased to report record results in our first earnings announcement since becoming a publicly traded company on October 3," said Jenniffer Deckard, president and chief executive officer. "In the third quarter, our proppant solutions business drove performance, achieving record levels in both volumes and profits. We remain focused on growing our business and creating value for our shareholders by increasing sand capacity and efficiencies, developing industry-leading resin and coating technologies, enhancing our logistics network, and building upon our commitment to sustainable development."

For the full-year 2014, the Company expects to report Adjusted EBITDA in the range of $390 million to $395 million, an increase of 33% to 35% over 2013 Adjusted EBITDA of $293 million. "Based on robust current demand levels and feedback from customers, we are confident in meeting our full-year projections for a record 2014," Deckard said. "We will continue to monitor the market closely as we complete our planning process for 2015, and we will share our expectations for next year in our fourth-quarter earnings release and conference call in early February."

For earnings history and earnings-related data on Fairmount Santrol (FMSA) click here.

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