Carbo Ceramics (CRR) Misses Q2 EPS by 2c
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CARBO® Announces Second Quarter 2018 Results
July 26, 2018 6:01 AM EDTHOUSTON, July 26, 2018 /PRNewswire/ --Â CARBO Ceramics Inc. (NYSE: CRR) today reported financial results for the second quarter of 2018.
Revenue for the second quarter of 2018 of $58.0 million, an increase of 33% year-on-year and 17% sequentially, resulting from solid revenue growth in our oilfield, industrial and environmental sectors. Revenue growth contributed to a strong Adjusted EBITDA incremental margin of 55% year-on-year; an improvement from an Adjusted EBITDA incremental margin of 42% year-on-year in the first quarter of 2018. Expect strong sequential and year-on-year growth in revenue and Adjusted EBITDA for the third and fourth... More