Smart Sand (SND) Misses Q4 EPS by 25c, Revenues Beat
Smart Sand (NASDAQ: SND) reported Q4 EPS of ($0.11), $0.25 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $52.2 million versus the consensus estimate of $48.33 million.
- Q and full year 2018 revenue of $52.2 million and $212.5 million, respectively.
- 4Q and full year 2018 total tons sold of approximately 610,000 and 2,995,000, respectively.
- 4Q and full year 2018 net (loss) income of $(4.4) million and $18.7 million, respectively.
- 4Q and full year 2018 Adjusted EBITDA of $18.7 million and $66.0 million, respectively.
Charles Young, Smart Sand’s Chief Executive Officer, stated, “Smart Sand had a good quarter and we've responded well to the challenging conditions in the fourth quarter. We recently contracted two sets of last mile storage solutions and have two additional sets ready to be deployed. Our investment in the Van Hook terminal in the Bakken is a strong contributor to our operating performance. We remained focused on our long-term objectives and we've proven that we’re profitable through all operating cycles with consistent results of operations. Looking forward, we plan to stay the course in continuing to execute on our already-profitable plan to provide long-term value to the Company, our employees, our customers, and our shareholders.”
For earnings history and earnings-related data on Smart Sand (SND) click here.
