US Silica Holdings Earnings: Here’s Why Investors are Selling Shares Now
U.S. Silica Holdings Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 2.78% to $0.35 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Rose 19.22% to $122.31 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.35 per share. By that measure, the company missed the mean analyst estimate of $0.36. It beat the average revenue estimate of $121.69 million.
Quoting Management: Bryan A. Shinn, president and chief executive officer of the company commented, “The first quarter of 2013 was very strong for our company as we posted record revenue, driven by our strong performance in oil and gas. We believe that drilling and efficiency improvements in hydraulic fracturing will drive increased demand in oil and gas and we expect to grow market share in a growing market.” Shinn added that, “We are also seeing success in our ISP business. We anticipate this segment will continue to be a positive contributor to this year’s earnings growth, due to the continuing rebounds in housing, chemical and automotive end markets and our focus on developing and marketing higher value offerings.”
Key Stats (on next page)…