U.S. Silica to report fourth quarter and full-year earnings on February 27 By Investing.com

© Reuters.

KATY, Texas – American Silica Holdings, Inc. (NYSE: SLCA), a diversified producer of silica and other industrial minerals, is scheduled to release its fourth quarter and full-year financial results for the period ended December 31, 2023. The company plans to release the report before the New York Stock Exchange opens on Tuesday, February 27, 2024.

Following the announcement, US Silica will hold a conference call the same day at 7:30 a.m. CT. Chief Executive Officer Bryan Shinn will lead a meeting with Kevin Hough, Interim Executive Vice President and Chief Financial Officer, to discuss financial results. Interested parties may access the live webcast through the “Investors – Events and Presentations” section of the Company’s website or by telephone.

For those unable to hear the live event, a replay will be available immediately after the call ends and can be accessed by phone using conference ID 13744295 until March 27, 2024.

Founded over 100 years ago, US Silica is included in the index and operates 26 mines and facilities across the United States. The company’s portfolio includes subsidiaries EP Minerals and SandBox Logistics™, known respectively for the production of diatomaceous earth products and innovative proppant logistics solutions.

This earnings release and investor call announcement is based on a press release statement from US Silica Holdings, Inc.

InvestingPro Insights

As US Silica Holdings, Inc. (NYSE: SLCA) prepares to release its fourth quarter and full-year financial results, investors are closely watching the company’s performance metrics. According to real-time data from InvestingPro, US Silica boasts a market capitalization of $815.52 million and showed a strong P/E ratio of 5.41 as of Q3 2023, a slight adjustment to 5.56 over the past 12 months. These figures highlight: Recent profitability of the company.

InvestingPro Tips suggests that US Silica’s share price action has been somewhat mixed recently. Although this stock is generally known for low price volatility, it is currently trading near its 52-week low, suggesting that it may be undervalued. The price-to-book ratio is 1.0, which is consistent with the value of the company’s tangible assets. Additionally, analysts predict that the company will remain profitable this year, driven by a strong gross profit margin of 33.9% and significant EBITDA growth of 72.45% over the past 12 months as of Q3 2023.

Despite a difficult quarter with sales growth of -12.38%, the company is on solid footing with current assets exceeding short-term liabilities, indicating financial stability. Investors may also find comfort in the fact that U.S. Silica has been profitable over the past 12 months. However, it’s worth noting that the company doesn’t pay a dividend, which may impact the investment strategy of income-oriented shareholders.

For those considering a more in-depth analysis, InvestingPro provides additional insights into US Silica’s financial health and future prospects. To learn more about this, visit InvestingPro’s dedicated SLCA page. You can find 6+ more InvestingPro tips here. If you’re ready to take the next step, try using a coupon code. Pro Newz 24 Save an extra 10% on annual or biennial Pro and Pro+ subscriptions.

This article was sponsored by AI and reviewed by an editor. Please see our T&Cs for more details.