Johnson Rice Upgrades U.S. Silica Holdings (SLCA) to Buy
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U.S. Silica Holdings, Inc. Announces Third Quarter 2016 Results
November 3, 2016 4:32 PM EDTFREDERICK, Md., Nov. 3, 2016 /PRNewswire/ --Â U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced a net loss of $11.3 million or $(0.17) per basic and diluted share for the third quarter ended Sept. 30, 2016 compared with net income of $2.4 million or $0.05 per basic share and $0.04 per diluted share for the third quarter of 2015. The third quarter results were negatively impacted by $4.7 million of business development-related expense, including acquisition-related costs for Sandbox and NBR Sands. Excluding these expenses, net of $1.8 million tax effect, EPS was $(0.13) per basic share for the quarter.
"Our team showed tremendous... More
