U.S. Silica (SLCA) Reports In-Line Q1 EPS

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Go back to U.S. Silica (SLCA) Reports In-Line Q1 EPS

U.S. Silica Holdings, Inc. Announces First Quarter 2015 Results

April 28, 2015 4:30 PM EDT

FREDERICK, Md., April 28, 2015 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced net income of $14.8 million or $0.28 per basic and $0.27 per diluted share for the first quarter ended March 31, 2015 compared with net income of $18.4 million or $0.34 per basic share and diluted share for the first quarter of 2014. Earnings per share during the quarter were negatively impacted by $8.3 million of business development expenses, $7.6 million of which was related to an adverse, unanticipated arbitration ruling. The Company also incurred $1.4 million in restructuring costs for actions designed to help bring the... More