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Los Angeles, CA -- (SBWIRE) -- 01/31/2014 -- Hotpennystocknews.com issues special report on - U.S. Silica’s (SLCA)
U.S. Silica (SLCA) president and chief executive officer Bryan Shinn said, "Our fourth quarter results were negatively impacted by the severe winter storms in mid- and late December. The weather reduced well completion activity and drove higher costs across our supply chain. We also encountered meaningful one-time costs, including a bad debt expense related to a customer bankruptcy. However, I am pleased to report that volumes appear to have rebounded in January."
SLCA today announced preliminary results for the fourth quarter of 2013. The Company anticipates revenue for the quarter of $149.5 million, adjusted EBITDA (non-GAAP) of $35.9 million and net income of $0.31 per basic and diluted share.
U.S. Silica (NYSE:SLCA) is a leading silica sand supplier with a focus on performance materials that are essential to modern living. Our state-of-the-art offerings are used in variety of Industries and Applications.
1. Oil and gas wells are more productive because our high-quality proppants improve flow rates and recovery from unconventional wells.
2. Wind-powered and solar energy are more economical due to cost-effective manufacturing.
3. Paints and coatings are more durable because of the quality of our crystal structure.
4. Geothermal wells are more efficient due to improved heat transfer.
5. Electronic devices are more scratch resistant because of the specially sized sand we offer.
6. High-performance metal parts are more uniform because of our strict product and quality control.
At U.S. Silica, our devotion to remaining on the cutting edge of technology helps improve the quality of every day - at home, at work and at play.
Should Investors Rush To Buy SLCA After The Solid Rally? Get Special Report Here.
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