U.S. Silica Holdings Sees Q4 EPS Below View - Quick Facts

(RTTNews) - U.S. Silica Holdings Inc. (SLCA) announced preliminary results for the fourth quarter of 2013. The Company anticipates revenue for the quarter of $149.5 million, adjusted EBITDA of $35.9 million and net income of $0.31 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $0.43 per share and revenues of $ 149.27million for the fourth-quarter. Analysts' estimates typically exclude special items.

U.S. Silica president and chief executive officer Bryan Shinn said, "Our fourth quarter results were negatively impacted by the severe winter storms in mid- and late December. The weather reduced well completion activity and drove higher costs across our supply chain. We also encountered meaningful one-time costs, including a bad debt expense related to a customer bankruptcy. However, I am pleased to report that volumes appear to have rebounded in January."

The company's adjusted EBITDA guidance for the full year 2014, in the range of $180 million to $200 million, reflects its expectation of continuing growth, especially in its oil and gas business. The company expects capital expenditures in 2014 in the range of $75 million to $85 million and a tax rate of about 25 percent.

The company said it plans to release its fourth quarter and full-year audited 2013 financial results after the New York Stock Exchange closes on Tuesday, February 25, 2014.