Carbo Ceramics (CRR) Misses Q2 EPS by 7c
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CARBO® Announces Second Quarter 2017 Results
July 27, 2017 6:00 AM EDTHOUSTON, July 27, 2017 /PRNewswire/ --Â CARBO Ceramics Inc. (NYSE: CRR) today reported financial results for the second quarter of 2017.
Revenue for the second quarter of 2017 of $43.6 million, an increase of 111% year-over-year and 26% sequentially. Year-to-date 2017 revenue up 46% compared to the same period in 2016, anticipate full year 2017 revenue to grow at least 60% year-over-year. Revenue mix and continued reduced fixed structural costs, resulted in an incremental adjusted EBITDA of approximately 61%, compared to the first quarter of 2017. Subsequent to quarter end, received remaining $12.3 million under $65 million credit facility.... More