Key Developments: U.S. Silica Holdings Inc (SLCA.N)
22.62USD
17 May 2013
$0.61 (+2.77%)
$22.01
$23.00
$23.00
$22.26
171,384
239,769
$28.00
$9.04
Latest Key Developments (Source: Significant Developments)
U.S. Silica Holdings Inc Declares Regular Quarterly Cash Dividend
U.S. Silica Holdings Inc announced that the Board of Directors has declared a regular quarterly cash dividend of $0.125 per share to common shareholders of record at the close of business on June 19, 2013, payable on July 3, 2013. Full Article
U.S. Silica Holdings Inc Issues Q2 2013 Guidance; Revenue Guidance Above Analysts' Estimates; Reaffirms FY 2013 EBITDA Guidance
U.S. Silica Holdings Inc announced that for the second quarter of 2013, it expects revenues of approximately $132 million to $140 million and adjusted EBITDA of between $39 million and $42 million. For fiscal 2013, the Company is reaffirming its guidance for adjusted EBITDA in the range of $165 million to $175 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $130 million and EBITDA of $40 million for the second quarter of 2013; EBITDA of $171 million for fiscal 2013. Full Article
U.S. Silica Holdings Inc Announces Pricing of Secondary Offering
U.S. Silica Holdings Inc announced that the pricing of an underwritten secondary public offering of 8,500,000 shares of U.S. Silica common stock at $22.00 per share. The shares are being sold by GGC USS Holdings, LLC, an affiliate of Golden Gate Capital, an existing stockholder of the Company.Morgan Stanley & Co. LLC, BofA Merrill Lynch, Simmons & Company International, Jefferies LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. Full Article
U.S. Silica Holdings Inc Announces Secondary Offering by Selling Stockholder
U.S. Silica Holdings Inc announced that selling stockholder, GGC USS Holdings, LLC, an affiliate of Golden Gate Capital, has agreed to sell 8,500,000 shares of U.S. Silica common stock in an underwritten offering. The underwriters will be granted a 30-day option to purchase up to an additional 1,275,000 shares of common stock. U.S. Silica will not sell any shares in the offering and will not receive any proceeds from the offering. Morgan Stanley & Co. LLC, BofA Merrill Lynch, Simmons & Company International, Jefferies LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. Full Article
U.S. Silica Holdings Inc Issues Q1 2013 Guidance In Line With Analysts' Estimates; Issues FY 2013 EBITDA Guidance In Line With Analysts' Estimates
U.S. Silica Holdings Inc announced that for first quarter of 2013, it expects revenues of approximately $115 million to $123 million and adjusted EBITDA of between $36 million and $39 million. For fiscal 2013, the Company anticipates adjusted EBITDA in the range of $165 million to $175 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $115 million and EBITDA of $36 million for first quarter of 2013; EBITDA of $169 million for fiscal 2013. Full Article
U.S. Silica Holdings Inc Declares Special Cash Dividend Of $0.50 Per Share
U.S. Silica Holdings Inc announced that Board of Directors has declared a special cash dividend of $0.50 per share to be paid on December 28, 2012, to stockholders of record on December 20, 2012. Full Article
U.S. Silica Holdings Inc Raises FY 2012 Revenue Guidance; Narrows FY 2012 EBITDA Guidance
U.S. Silica Holdings Inc announced that for fiscal 2012, it expects revenues of approximately $423 million to $433 million and adjusted EBITDA of $144 million to $148 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $411 for fiscal 2012. Full Article
U.S. Silica Holdings Inc Announces Retirement Of Chief Financial Officer
U.S. Silica Holdings Inc announced that William A. White will retire as Chief Financial Officer effective as of December 31, 2012. The Company also announced that Donald A. Merril was appointed Vice President of Finance effective October 1, 2012. Mr. Merril will assume the Chief Financial Officer position upon Mr. White’s retirement, effective January 1, 2013. Full Article
US Silica Holdings Inc Lowers High End Of Prior FY 2012 Revenue Guidance To A Range Below Analysts' Estimates; Reaffirms FY 2012 EBITDA Guidance
US Silica Holdings Inc announced that for fiscal 2012, it expects revenues of approximately $395 million to $415 million and reaffirms Adjusted EBITDA of $142 million to $150 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $143 million on revenues of $416 for fiscal 2012. Full Article
US Silica Holdings Inc Announces Authorization Of Share Repurchase Plan
US Silica Holdings Inc announced that its Board of Directors has authorized the Company to repurchase up to $25.0 million of Company common stock. The repurchase program will be funded over the next 18 months using the Company's available cash. The Company is authorized to repurchase, from time to time, shares of its outstanding common stock on the open market or in privately negotiated transactions. The timing and amount of stock repurchases will depend on a variety of factors, including the market conditions as well as corporate and regulatory considerations. The share repurchase program may be suspended, modified or discontinued at any time and the Company has no obligation to repurchase any amount of its common stock under the program. The company intends to make all repurchases in compliance with applicable regulatory guidelines and to administer the plan in accordance with applicable laws, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. Full Article
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