Carbo Ceramics (CRR) Tops Q4 EPS by 5c, Offers Outlook
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CARBO® Announces Fourth Quarter and Fiscal Year 2017 Results
January 25, 2018 6:30 AM ESTHOUSTON, Jan. 25, 2018 /PRNewswire/ --Â CARBO Ceramics Inc. (NYSE: CRR) today reported financial results for the fourth quarter and fiscal year 2017.
Revenue for the fourth quarter of 2017 of $60.3 million, an increase of 108% year-over-year and 20% sequentially. Revenue total for 2017 grew 83% compared to 2016. Revenue generated from the Oil and Gas sector grew 84% and revenue generated from the Industrial sector grew 76%. Our progress on the company's transformation strategy was substantial in 2017. We are building a more enduring company, with a more diversified product offering. Continued to improve net cash (used in) / provided by... More