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U.S. Silica Holdings, Inc. Q1 Profit Drops, Inline With Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

U.S. Silica Holdings, Inc. (SLCA) revealed earnings for first quarter that decreased from the same period last year in line with the Street estimates.

The company's bottom line came in at $13.688 million, or $0.17 per share. This compares with $44.648 million, or $0.57 per share, in last year's first quarter.

Excluding items, U.S. Silica Holdings, Inc. reported adjusted earnings of $0.20 per share for the period.

Analysts on average had expected the company to earn $0.2 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 26.3% to $325.942 million from $442.240 million last year.

U.S. Silica Holdings, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $13.688 Mln. vs. $44.648 Mln. last year.
-EPS (Q1): $0.17 vs. $0.57 last year.
-Revenue (Q1): $325.942 Mln vs. $442.240 Mln last year.

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