U.S. Silica Holdings, Inc. has revealed a decrease in its earnings for the first quarter compared to the same period last year, which is consistent with Street estimates. It posted a bottom-line figure of $13.688 million, equivalent to $0.17 per share. This is a reduction from the previous year's first quarter earnings of $44.648 million, or $0.57 per share.
After excluding certain elements, the firm reported adjusted earnings of $0.20 per share for this period. According to data gathered by Thomson Reuters, analysts anticipated that the company would earn $0.20 per share on average, typically excluding any exceptional items.
The firm's quarter-wise revenue fell by 26.3%, declining to $325.942 million from the previous year's figure of $442.240 million.
A brief overview of U.S. Silica Holdings, Inc. earnings – according to Generally Accepted Accounting Principles (GAAP) - for the first quarter are as follows:
- Earnings: $13.688 million, down from $44.648 million the previous year.
- EPS: $0.17, a decrease from $0.57 the last year.
- Revenue: $325.942 million, down from $442.240 million from the previous year.
