AP NEWS

Silica Holdings: 4Q Earnings Snapshot

February 25, 2020 GMT

KATY, Texas (AP) _ U.S. Silica Holdings Inc. (SLCA) on Tuesday reported a loss of $292.9 million in its fourth quarter.

The Katy, Texas-based company said it had a loss of $3.99 per share. Losses, adjusted for one-time gains and costs, were 53 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 56 cents per share.

The commercial silica producer posted revenue of $339.1 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $296.1 million.

For the year, the company reported that its loss widened to $329.1 million, or $4.49 per share. Revenue was reported as $1.47 billion.

Silica Holdings shares have fallen 17% since the beginning of the year. The stock has decreased 67% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLCA at https://www.zacks.com/ap/SLCA