February 19, 2019 / 11:09 AM / a year ago

Frac sand supplier U.S. Silica posts quarterly loss

Feb 19 (Reuters) - Frac sand supplier U.S. Silica Holdings Inc reported a fourth-quarter loss on Tuesday, as the company recorded $265.7 million in impairment costs.

The miner, which supplies sand to U.S. shale producers for use in fracking, posted a net loss of $256.1 million, or $3.44 per share, in the fourth quarter ended Dec. 31, compared with net income of $72 million, or 88 cents per share, a year earlier.

Total sales fell to $357.4 million from $360.6 million. (Reporting by Shanti S Nair in Bengaluru; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below