The silica sand supplier reported earnings of 76 cents per diluted share, up from 40 cents in the same quarter one year earlier. Revenue rose to $241.3 million from $144.4 million in the same period one year ago.
Analysts had expected earnings of 69 cents a share on revenue of $231.72 million.
U.S. Silica also updated its guidance and now expects full-year adjusted EBITDA at the high end of its range of $230 million to $240 million.
Separately, TheStreet Ratings team rates U S SILICA HOLDINGS INC as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate U S SILICA HOLDINGS INC (SLCA) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."
- You can view the full analysis from the report here: SLCA Ratings Report