Company Overview of U.S. Silica Company, Inc.
U.S. Silica Company, Inc. manufactures and supplies industrial silica and sand products. The company offers industrial silica and sand proppants, oil and gas proppants, whole grain silica, ground silica, fine ground silica, testing silica, recreational silica, aplite mineral, calcined and hydrous kaolin clay, and adsorbents. The company’s products are used in various business segments, including oil and gas, industrial and specialty products, glass, chemical, foundry, building products, fillers and extenders, recreation, industry filtration and treatment, and testing and analysis in the United States and internationally. U.S. Silica Company, Inc. was incorporated in 1968 and is based in Fred...
8490 Progress Drive
Frederick, MD 21701
Founded in 1968
Key Executives for U.S. Silica Company, Inc.
U.S. Silica Company, Inc. does not have any Key Executives recorded.
U.S. Silica Company, Inc. Key Developments
U.S. Silica Company, Inc. Enters into a Second Amended and Restated Credit Agreement
Dec 11 14
On December 5, 2014, U.S. Silica Holdings, Inc., through its subsidiaries, USS Holdings, Inc., as guarantor, U.S. Silica Company, as borrower, and certain of U.S. Silica’s subsidiaries as additional guarantors, entered into a Joinder agreement to the second amended and restated credit agreement with BNP Paribas, as administrative agent and the initial incremental lender. The Joinder increased the term loan commitment under the Credit Agreement by $135 million to $500 million, which incremental commitment was borrowed by U.S. Silica. All other terms of the Credit agreement remain unchanged.
U.S. Silica Company, Inc. Reports Consolidated Earnings Results for the Second Quarter Ended June 30, 2014; Revised Earnings Guidance for 2014
Jul 29 14
U.S. Silica Company, Inc. reported consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported sales of $205,801,000 compared with $129,828,000 for the same period last year. Operating income was $43,776,000 compared with $30,542,000 for the same period last year. Income before income taxes was $39,984,000 compared with $27,070,000 for the same period last year. Net income was $28,654,000 or $0.53 diluted per share compared with $20,192,000 or $0.38 diluted per share for the same period last year. EBITDA was $54,136,000 compared with $39,482,000 for the same period last year. Adjusted EBITDA was $59,785,000 compared with $40,985,000 for the same period last year.
The company is increasing the guidance. For the full year of 2014, the company now anticipates Adjusted EBITDA in the range of $215 million to $225 million, which includes a small contribution from Cadre acquisition. The company is also revising guidance for capital expenditures and its full year effective tax rate. The company now expects capital expenditures in the range of $95 million to $105 million and an effective tax rate of approximately 27%.
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