U.S. Silica Holdings, Inc. (SLCA) reported net income for the fourth quarter of $21.8 million or $0.41 per share, compared to $10.0 million or $0.20 per share for the year-ago quarter.
Revenue for the fourth quarter rose 42% to $118.8 million from $83.6 million a year ago, driven mainly by strength in the company's Oil and Gas Proppants segment.
Analysts poled by Thomson Reuters expected the company to earn $0.32 per share on revenue of $108.73 million for the fourth quarter.
Looking forward, the company forecast first quarter revenue of $115 million to $123 million. Analysts currently expect the company to post revenue of $114.82 million for the first quarter.
U.S. Silica shares are currently trading at $21.79, up $3.44 or 18.75%.
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