Carbo Ceramics (CRR) Misses Q1 EPS by 14c
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CARBO® Announces First Quarter 2018 Results
April 26, 2018 6:30 AM EDTHOUSTON, April 26, 2018 /PRNewswire/ --Â CARBO Ceramics Inc. (NYSE: CRR) today reported financial results for the first quarter of 2018.
Revenue for the first quarter of 2018 of $49.4 million, an increase of 42% year-on-year, resulting from strong revenue growth in all three business sectors; oilfield, industrial and environmental. Cash balance of approximately $70 million as of March 31, 2018; expect to maintain a strong cash balance. Revenue growth contributed to a strong Adjusted EBITDA incremental margin of 42% year-on-year; expect higher incremental margins for the remainder of 2018. Expect strong sequential and year-on-year... More