Net income for the second quarter of 2012 increased 7%, or $2 million, compared to the second quarter of 2011. Our average selling price declined 4% sequentially and about a quarter of that was due to the selling price decline was due to field trials.Now turning to the outlook. As we noted previously, 2012 will have its share of challenges due to the shift in activity away from natural gas basins towards the liquids-rich basins in North America. We expect to see a very volatile, competitive environment in the second half of 2012 due to three main reasons: the continued oversupplied proppant market, low natural gas price, volatile NGL and oil prices and a continuation of higher distribution costs.
CARBO Ceramics' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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