U.S. Silica (SLCA) Tops Q4 EPS by 2c

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U.S. Silica Holdings, Inc. Announces Fourth Quarter and Full Year 2016 Results

February 22, 2017 4:16 PM EST

FREDERICK, Md., Feb. 22, 2017 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced a net loss of $6.9 million or $(0.09) per basic and diluted share for the fourth quarter ended Dec. 31, 2016 compared with a net loss of $15.3 million or $(0.29) per basic and diluted share for the fourth quarter ended Dec. 31, 2015. The fourth quarter results were negatively impacted by $2.6 million of business development-related expenses, including acquisition-related costs for Sandbox and NBR Sands. Excluding these expenses, net of $1.0 million tax effect, EPS was $(0.07) per basic share for the quarter.

''Despite the... More