The silica sand supplier now expects EBITDA of $230 million to $240 million for 2014, up from its previous guidance of $215 million to $225 million. The company said the increase is due to the strength of the markets for both of its operating segments.
U.S. Silica reiterated its capital expenditures guidance for full year 2014 in the range of $95 million to $105 million with an effective tax rate of about 27%.
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The company said it plans to announce its third quarter results after market close on Oct. 29.
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 number of 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, good cash flow from operations, solid stock price performance, growth in earnings per share and expanding profit margins. 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."