The Company reported second quarter 2012 revenues of $104.6 million, an increase of $30.5 million, or 41% from the $74.1 million reported for the same period in 2011. Overall sales volume increased to nearly 1.8 million tons, or over 8% above the prior year sales volume of 1.6 million tons.The Oil and Gas Proppants segment was the primary driver of year-over-year revenue growth. Second quarter Oil and Gas revenues were $54.5 million – up 111 percent compared to second quarter of 2011. The Company sold 685,000 tons of sand into the Oil and Gas markets for hydraulic fracturing, which produced $33.3 million in contribution margin for the second quarter, compared to 535,000 tons and a contribution margin of $16.7 million in the second quarter of 2011.
U.S. Silica Holdings, Inc. Announces Second Quarter 2012 Results
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