U.S. Silica Holdings Earnings: Here’s Why the Stock is Falling Now
U.S. Silica Holdings (NYSE:SLCA) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 8.18%.
U.S. Silica Holdings Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 5.56% to $0.38 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Rose 24.09% to $129.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: U.S. Silica Holdings reported adjusted EPS income of $0.38 per share. By that measure, the company missed the mean analyst estimate of $0.40. It missed the average revenue estimate of $134.57 million.
Quoting Management: “We are extremely pleased with our second quarter performance, again delivering Adjusted EBITDA at the high end of our guidance range,” said Bryan Shinn, president and chief executive officer. “For the Company as a whole, the bottom line is that our business is very strong, and we expect robust second half performance, driven by record oil and gas demand and continued margin expansion in our industrials business.”
Key Stats (on next page)…