December 06, 2016 1:52 AM ET

Energy Equipment and Services

Company Overview of Fairmount Santrol Holdings Inc.

Company Overview

Fairmount Santrol Holdings Inc., together with its subsidiaries, provides sand-based proppant solutions for exploration and production companies to enhance the productivity of their oil and gas wells. The company operates in two segments, Proppant Solutions; and Industrial & Recreational (I&R) Products. The Proppant Solutions segment primarily provides sand-based proppants for use in hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, Northern Europe, and the United Arab Emirates. Its products include northern white frac sand, API-spec brown sand, and resin coated proppants, as well as ceramic proppants; PowerProp product; and Propel SSP product that utili...

8834 Mayfield Road

Chesterland, OH 44026

United States

Founded in 1986

821 Employees

Phone:

800-255-7263

Key Executives for Fairmount Santrol Holdings Inc.

Chief Executive Officer, President, Director and Member of Executive Committee
Age: 50
Total Annual Compensation: $450.0K
Chief Commercial Officer and Executive Vice President
Age: 46
Total Annual Compensation: $316.7K
Chief Strategy & Innovation Officer and Executive Vice President
Age: 52
Total Annual Compensation: $285.0K
Advisor
Age: 47
Total Annual Compensation: $266.7K
Compensation as of Fiscal Year 2015.

Fairmount Santrol Holdings Inc. Key Developments

Fairmount Santrol Announces Debt Prepayment

Fairmount Santrol announced that it has prepaid approximately $86.4 million of term loans outstanding under its existing credit agreement.  The company has elected to fully prepay the $16.8 million of Term B-1 Loans due March 2017, and the $69.6 million of 2016 Extended Term B-1 Loans due July 2018.  The term loans were repaid at par plus accrued interest under the terms of the Company’s existing credit agreement.

Fairmount Santrol Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended of September 30, 2016; Provides Capital Expenditure Guidance for 2016

Fairmount Santrol Holdings Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended of September 30, 2016. For the quarter, the company’s revenues were $134.8 million, up 18% from $114.2 million in the second quarter of 2016 and down 21% from $171.0 million for the third quarter of 2015. The Company had a net loss of $20.6 million, or $0.11 per share, compared with $46.2 million, or $0.29 per share a year ago. Loss before provision for income taxes was $40,636,000 compared to $18,012,000 a year ago. LBITDA was $6,704,000 compared to EBITDA of $13,140,000 a year ago. Adjusted LBITDA was $4,905,000 compared to Adjusted EBITDA of $21,763,000 a year ago. Capital expenditures totaled $6.8 million for the third quarter of 2016. For the nine months, the company reported revenue of $394,482,000 compared to $693,763,000 a year ago. Loss before provision for income taxes was $219,058,000 compared to income before provision for income taxes of $10,949,000 a year ago. Net loss attributable to the company was $120,287,000 compared to $1,304,000 a year ago. Basic and diluted net loss per share was $0.71 compared to $0.01 a year ago. Net cash used in operating activities was $15,129,000 compared to net cash provided by operating activities of $217,127,000 a year ago. Capital expenditures and stripping costs was $28,712,000 compared to $91,548,000 a year ago. LBITDA was $114,629,000 compared to EBITDA of $104,677,000 a year ago. Adjusted LBITDA was $16,609,000 compared to Adjusted EBITDA of $133,414,000 a year ago. The company expect total capital expenditures in stripping for the year to approximate $30 million to $33 million, for which approximately half is associated with the completion of the Wedron expansion earlier in 2016.

Fairmount Santrol Holdings Inc. to Report Q3, 2016 Results on Nov 03, 2016

Fairmount Santrol Holdings Inc. announced that they will report Q3, 2016 results Pre-Market on Nov 03, 2016

Similar Private Companies By Industry

Company Name Region
1 Engineering & Manufacturing LLC United States
1845 Oil Field Services United States
1st Resource Group, Inc. United States
2-J Well Service LLC United States
212 Resources Corporation United States

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
October 11, 2016
Circle Z Pressure Pumping, LLC
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Fairmount Santrol Holdings Inc., please visit www.fairmountsantrol.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.