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 API-spec northern white frac sand, API-spec brown frac sand, and resin coated proppant; PowerProp, a resin coated sand product; and Propel SSP product that ut...
8834 Mayfield Road
Chesterland, OH 44026
Founded in 1986
FMSA Holdings Inc. Presents at RBC Capital Markets 2015 Global Energy and Power Executive Conference, Jun-02-2015 02:35 PM
May 27 15
FMSA Holdings Inc. Presents at RBC Capital Markets 2015 Global Energy and Power Executive Conference, Jun-02-2015 02:35 PM. Venue: The Ritz Carlton Battery Park Hotel, New York, New York, United States. Speakers: Christopher L. Nagel, Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Finance, Van T. Smith, Executive Vice President.
FMSA Holdings Inc. Presents at Barclays High Yield Bond and Syndicated Loan Conference, Jun-11-2015 04:45 PM
May 22 15
FMSA Holdings Inc. Presents at Barclays High Yield Bond and Syndicated Loan Conference, Jun-11-2015 04:45 PM. Venue: The Broadmoor Hotel, 1 Lake Avenue, Colorado Springs, Colorado, United States. Speakers: Christopher L. Nagel, Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Finance.
FMSA Holdings Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Capital Expenditures Guidance for 2015
May 12 15
FMSA Holdings Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was $301,490,000 against $294,933,000 a year ago. The increase in volumes in the first quarter of 2015 over the prior-year period was primarily due to continued strong demand resulting from increased proppant intensity and improved service levels driven by better weather conditions and improved rail service compared with last year. Income from operations was $57,129,000 against $67,076,000 a year ago. Income before provision for income taxes was $41,497,000 against $48,879,000 a year ago. Net income was $30,880,000 against $34,614,000 a year ago. Net income attributable to the company was $30,759,000 or $0.18 per diluted share against $34,541,000 or $0.21 per diluted share a year ago. Net cash provided by operating activities was $77,420,000 against $22,074,000 a year ago. Capital expenditures were $31,855,000 against $29,835,000 a year ago. EBITDA was $72,907,000 against $79,650,000 a year ago. Adjusted EBITDA was $75,114,000 against $82,134,000 a year ago. Diluted adjusted earnings per share were $0.19 against $0.21 a year ago. Adjusted EBITDA was impacted by a decline in contribution margin in its Proppant Solutions Segment and an increase in year-over-year SG&A expenses driven mostly by costs associated with being a public company.
The company expects to spend between $90 million and $115 million on capital expenditures in 2015. The company expects to generate positive cash flow for 2015 in all cases.