Carbo Ceramics (CRR) Misses Q2 EPS by 9c

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CARBO Announces Second Quarter 2015 Results

July 30, 2015 4:00 AM EDT

HOUSTON, July 30, 2015 /PRNewswire/ -- CARBO Ceramics Inc. (NYSE: CRR) today reported a GAAP net loss of $17.0 million, or a loss of $0.74 per share, on revenues of $73.3 million for the quarter ended June 30, 2015.  This net loss includes $7.6 million, or $0.33 per share, of after-tax costs primarily associated with slowing and idling production. 

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CEO Gary Kolstad commented, "We are pleased to see our ceramic proppant sales volumes increased 7%... More