April 19, 2018 5:52 PM 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. The company operates in two segments, Proppant Solutions and Industrial & Recreational Products. The Proppant Solutions segment primarily provides sand-based proppants for use in hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, and northern Europe. Its products include northern white frac sand, API-spec brown sand, and coated sand products; and Propel SSP product that utilizes a polymer coating applied to a proppant substrate. The Industrial & Recreational Products segment offers raw, coated, and custom blende...

8834 Mayfield Road

Chesterland, OH 44026

United States

Founded in 1986

989 Employees

Key Executives for Fairmount Santrol Holdings Inc.

President, CEO & Director
Age: 51
Total Annual Compensation: $450.0K
Executive VP & CFO
Age: 61
Total Annual Compensation: $511.7K
Executive VP & Chief Commercial Officer
Age: 47
Total Annual Compensation: $330.0K
Executive VP and Chief Strategy & Innovation Officer
Age: 53
Total Annual Compensation: $305.0K
Vice President of Accounting & Controls
Age: 55
Total Annual Compensation: $261.2K
Compensation as of Fiscal Year 2016.

Fairmount Santrol Holdings Inc. Key Developments

Fairmount Santrol Holdings Inc. and Unimin Corporation Announce Executive Leadership Team

Fairmount Santrol and Unimin Corporation announced the future executive leadership team of the combined company, to serve effective upon completion of the previously disclosed proposed transaction between Unimin and Fairmount Santrol. Additional members of the executive leadership team announced include: Gerald Clancey will serve as Executive Vice President and Chief Commercial Officer of the combined company, and will lead the commercial operations for the combined company. Campbell Jones will serve as Executive Vice President and Chief Operating Officer of the combined company, and will be responsible for leading the combined company’s operations, engineering and supply chain functions. Andrew Eich will serve as Executive Vice President and Chief Financial Officer of the combined company, and will be responsible for the combined company’s finance and accounting functions. Brian Richardson will serve as Executive Vice President and Chief Administrative Officer of the combined company, and will lead the human resources, information technology, sustainable development and other corporate functions. Mr. Clancey has served as Executive Vice President, Chief Commercial Officer at Fairmount Santrol since 2015. Mr. Jones has served as President and Chief Executive Officer of Unimin since 2015 and has been a member of the Unimin Board since 2015. Mr. Eich has served as Senior Vice President and Chief Commercial Officer of Unimin since June 2016 and has been a member of the Unimin Board since January 2016. Mr. Richardson has served as Executive Vice President, Chief People Officer at Fairmount Santrol since 2015.

Fairmount Santrol Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017

Fairmount Santrol Holdings Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenues of $273,936,000 compared to $140,531,000 a year ago. Income from operations was $34,937,000 compared to loss of $10,299,000 a year ago. Income before benefit from income taxes was $13,261,000 compared to loss of $20,508,000 a year ago. Net income attributable to the company was $19,949,000 or $0.09 per basic and diluted share compared to loss of $19,905,000 or $0.09 per basic and diluted share a year ago. EBITDA was $51,617,000 compared to $12,639,000 a year ago. Adjusted EBITDA was $63,840,000 compared to $11,707,000 a year ago. For the year, the company reported revenues of $959,795,000 compared to $535,013,000 a year ago. Income from operations was $108,725,000 compared to loss of $179,319,000 a year ago. Income before benefit from income taxes was $49,419,000 compared to loss of $239,566,000 a year ago. Net income attributable to the company was $53,788,000 or $0.23 per diluted share compared to loss of $140,192,000 or $0.78 per basic and diluted share a year ago. Net cash provided by operating activities was $144,788,000 compared to $1,500,000 a year ago. Capital expenditures and stripping costs were $69,573,000 compared to $30,597,000 a year ago. EBITDA was $184,674,000 compared to LBITDA of $101,990,000 a year ago. Adjusted EBITDA was $206,344,000 compared to adjusted LBITDA of $4,902,000 a year ago.

Fairmount Santrol Holdings Inc., Q4 2017 Earnings Call, Mar 08, 2018

Fairmount Santrol Holdings Inc., Q4 2017 Earnings Call, Mar 08, 2018

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 12, 2017
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