U.S. Silica (SLCA) Tops Q1 EPS by 3c

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Go back to U.S. Silica (SLCA) Tops Q1 EPS by 3c

U.S. Silica Holdings, Inc. Announces First Quarter 2017 Results

April 24, 2017 4:15 PM EDT

FREDERICK, Md., April 24, 2017 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced net income of $2.5 million or $0.03 per basic and diluted share for the first quarter ended March 31, 2017 compared with a net loss of $11.0 million or $(0.20) per basic and diluted share for the first quarter of 2016. The first quarter results were negatively impacted by $1.5 million in business development related expenses and $6.3 million in costs related to the restructuring of a vendor contract. Excluding these expenses, net of the $2.9 million tax effect, EPS was $0.09 per basic share for the quarter.

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