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Last $43.34 USD
Change Today +1.83 / 4.41%
Volume 994.9K
CRR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

carbo ceramics inc (CRR) Snapshot

Open
$42.05
Previous Close
$41.51
Day High
$44.37
Day Low
$42.05
52 Week High
07/1/14 - $156.00
52 Week Low
01/29/15 - $27.97
Market Cap
1.0B
Average Volume 10 Days
956.6K
EPS TTM
$1.74
Shares Outstanding
23.3M
EX-Date
04/29/15
P/E TM
24.9x
Dividend
$0.40
Dividend Yield
2.52%
Current Stock Chart for CARBO CERAMICS INC (CRR)

carbo ceramics inc (CRR) Related Businessweek News

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carbo ceramics inc (CRR) Details

CARBO Ceramics Inc., an oilfield services technology company, manufactures and sells ceramic proppants, resin-coated ceramic, and resin-coated sand proppants for use in the hydraulic fracturing of natural gas and oil wells in the United States and internationally. The company offers ceramic proppants, including CARBOHSP and CARBOPROP designed for use in deep gas wells; CARBOLITE used in medium depth oil and gas wells; CARBOECONOPROP; CARBOHYDROPROP to enhance performance in slickwater fracture treatments; and CARBOBOND LITE, a resin-coated ceramic for oil and natural gas wells that are subject to the risk of proppant flow-back. Its ceramic proppants also comprise CARBOBOND RCS, a conductivity proppant; CARBO NORTHERN WHITE, a frac sand that is used by operators that value quality; CARBONRT, a detectable proppant used to assist operators in determining the locations of fractures in natural gas and oil wells; KRYPTOSPHERE HD, a ceramic proppant engineered to deliver increased conductivity and durability in the highest closure stress wells; and SCALEGUARD, a porous ceramic proppant that is infused with scale-inhibiting chemicals and placed throughout the fracture as part of the hydraulic fracturing process. The company also provides fracture simulation software under the FracPro brand, as well as offers hydraulic fracture design and consulting services under the StrataGen brand. In addition, it provides for spill prevention, containment, and countermeasure systems for the oil and gas industry. The company principally sells its products and services to operators of oil and natural gas wells, and oilfield service companies. CARBO Ceramics Inc. was founded in 1987 and is headquartered in Houston, Texas.

1,048 Employees
Last Reported Date: 02/26/15
Founded in 1987

carbo ceramics inc (CRR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $800.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $343.8K
Vice President of Manufacturing
Total Annual Compensation: $262.5K
Vice President of Marketing & Sales
Total Annual Compensation: $377.5K
Compensation as of Fiscal Year 2014.

carbo ceramics inc (CRR) Key Developments

CARBO Ceramics Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015

CARBO Ceramics Inc. reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported a GAAP net loss of $28.6 million, or a loss of $1.24 per share, on revenues of $73.7 million for the quarter ended March 31, 2015. This net loss includes $16.7 million, or $0.73 per share in miscellaneous after-tax charges and $5.5 million, or $0.24 per share of after-tax costs associated with slowing and idling production. Revenues for the first quarter of 2015 decreased 50%, or $74.8 million, compared to the first quarter of 2014. The decrease was mainly attributable to a decrease in ceramic proppant and resin coated sand sales volumes, partially offset by an increase in Northern White Sand sales volumes, as specified in the Proppant Sales Volumes table below. Operating loss for the first quarter of 2015 was $42.5 million compared to an operating profit of $27.4 million in the first quarter of 2014. The decrease was mainly attributable to the decrease in ceramic proppant sales volumes and a decrease in average proppant selling price. In addition, the Company recorded a $12.5 million loss on derivative instruments, and based on manufacturing accounting guidelines, the Company expensed $8.4 million in unabsorbed production costs as a result of low production levels and idled facilities. Operating loss was further impacted by $6.0 million in severance costs and a $4.4 million adjustment in cost of sales to reduce the value of certain inventory down to lower market prices. Loss before income taxes was $42.644 million against income before income taxes of $27.503 million a year ago.

R. Sean Elliott Resigns as Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer of CARBO Ceramics Inc., Effective April 10, 2015

On March 18, 2015, R. Sean Elliott, Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer of CARBO Ceramics Inc. resigned from such positions, effective as of April 10, 2015. Mr. Elliott's resignation was not due to a disagreement between the company and Mr. Elliott relating to the company's operations, policies or practices.

CARBO Ceramics Inc. Announces Dividend for the Second Quarter of 2015, Payable on May 15, 2015

CARBO Ceramics Inc. announced that its board of directors has reduced the dividend payment for the second quarter of 2015 to $0.10 per share from the previous level of $0.33 per share. The dividend is payable on May 15, 2015 to shareholders of record on May 1, 2015. The decrease in the dividend payment is expected to provide CARBO with cash savings of approximately $21.2 million on an annual basis.

 

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Industry Analysis

CRR

Industry Average

Valuation CRR Industry Range
Price/Earnings 100.0x
Price/Sales 1.7x
Price/Book 1.3x
Price/Cash Flow 112.9x
TEV/Sales 1.4x
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