Announcement • Aug 01
U.S. Silica Holdings, Inc. Announces Executive Changes U.S. Silica Holdings, Inc. announced on August 1, 2024, the company announced that it had appointed Alan Schultz to serve as the Company’s Executive Vice President, effective August 1, 2024. Mr. Schultz fills the office vacated by Kevin Hough, who has stepped down, effective August 1, 2024, from his role as interim Executive Vice President. Mr. Schultz, age 43, has served as Senior Vice President, Strategy of U.S. Silica since 2016. From 2013 to 2016, he served as Vice President, Enterprise Growth and Portfolio Strategy at TDS, where he led efforts to expand into new business segments. Prior to his tenure at TDS, Mr. Schultz served as a Senior Manager at Bain & Company beginning in 2003, where he led teams to create growth strategies, conduct diligence and improve operations. Mr. Schultz holds a Bachelor of Science in Industrial Engineering and Management Sciences from Northwestern University and an M.B.A. from Harvard University. Announcement • Jul 16
U.S. Silica Holdings, Inc. Provides Unaudited Preliminary Earnings Guidance for the Quarter Ended June 30, 2024 U.S. Silica Holdings, Inc. provided unaudited preliminary earnings guidance for the quarter ended June 30, 2024. for the quarter, the company expects Sales of $317.0 million– $318.0 million. Net income of $18.7 million to $19.7 million. Announcement • Apr 30
U.S. Silica to Be Delisted from the NYSE Upon Deal Completion Funds managed by affiliates of Apollo Global Management, Inc. have agreed to buy industrial minerals company U.S. Silica Holdings, Inc. in an all-cash deal that values the latter at around $1.85 billion. The parties signed a definitive agreement that will result in U.S. Silica stockholders receiving $15.50 per share, marking an 18.7% premium over the closing share price on 25 April 2024. Upon deal completion, U.S. Silica will be delisted from the New York Stock Exchange (NYSE), while retaining its brand and leadership and transition into a privately held entity. Announcement • Apr 28
Apollo Global Management, Inc. (NYSE:APO) entered into a definitive agreement to acquire U.S. Silica Holdings, Inc. (NYSE:SLCA) for $1.3 billion. Apollo Global Management, Inc. (NYSE:APO) entered into a definitive agreement to acquire U.S. Silica Holdings, Inc. (NYSE:SLCA) for $1.3 billion on April 26, 2024. Under the terms of the agreement, U.S. Silica stockholders will receive $15.50 per share in cash for each share of common stock owned as of the closing of the transaction. The definitive agreement includes a 45-day "go-shop" period that will expire at 12:01 AM ET on June 10, 2024, which permits U.S. Silica and its financial advisor to actively initiate, solicit and consider alternative acquisition proposals from third parties. U.S. Silica's Board of Directors will have the right to terminate the agreement to enter into a superior proposal, subject to the terms and conditions of the agreement. Upon completion of the transaction, the Company's common stock will no longer be listed on the New York Stock Exchange, and the Company will become a private company. U.S. Silica will continue operating under the U.S. Silica name and brand and will continue to be led by Bryan Shinn and the current executive team. In case of deal terminations, a fee of $41.75 million will be payable by U.S. Silica to Apollo; provided that a lower fee of $20.875 million will apply with respect to a termination by the U.S. Silica to accept a Superior proposal prior to the No-Shop Period start date. The merger agreement also provides that, in certain circumstances, including the termination of the merger agreement following a failure by Apollo to consummate the merger in breach of the merger agreement, subject to certain conditions, Apollo would be required to pay U.S. Silica, a termination fee of $87.3 million. Apollo has obtained equity financing and debt financing commitments to finance the transactions contemplated by the Merger Agreement and to pay related fees and expenses. The Apollo Funds have committed to provide equity financing of up to $1.150 billion in the aggregate to finance a portion of the consideration due under the Merger Agreement. Certain financial institutions have agreed to provide to Parent committed debt financing of $1.275 billion in the aggregate, a portion of which will be used to finance a portion of the consideration due under the Merger Agreement, subject to the terms and conditions set forth in the debt commitment letter. The transaction, which has been unanimously approved by U.S. Silica's Board of Directors, is expected to close in the third quarter of 2024, subject to customary closing conditions, including approval by U.S. Silica stockholders and receipt of regulatory approvals and the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The transaction is not subject to a financing condition.
Piper Sandler & Co. is acting as a financial advisor and provided fairness opinion to Board of U.S. Silica, and Spencer D. Klein and Joseph P. Sulzbach of Morrison & Foerster LLP is serving as U.S. Silica's legal counsel. Andrew J. Nussbaum and Victor Goldfeld of Wachtell, Lipton, Rosen & Katz is serving as legal counsel and BNP Paribas Securities Corp and Barclays are serving as financial advisors to Apollo Funds. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.18 (vs US$0.58 in 1Q 2023) First quarter 2024 results: EPS: US$0.18 (down from US$0.58 in 1Q 2023). Revenue: US$325.9m (down 26% from 1Q 2023). Net income: US$13.7m (down 69% from 1Q 2023). Profit margin: 4.2% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 1.3%. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Apr 13
U.S. Silica Holdings, Inc. to Report Q1, 2024 Results on Apr 26, 2024 U.S. Silica Holdings, Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 26, 2024 Announcement • Mar 27
U.S. Silica Holdings, Inc., Annual General Meeting, May 09, 2024 U.S. Silica Holdings, Inc., Annual General Meeting, May 09, 2024, at 09:00 Central Standard Time. Location: The Post Oak Hotel at Uptown Houston 1600 West Loop South Houston, Texas 77027 Texas United States Agenda: To consider election of eight director nominees named in the Proxy Statement; to consider advisory vote to approve the compensation of company named executive officers as disclosed in the Proxy Statement; to consider approval of company sixth Amended and Restated 2011 incentive compensation plan; and to consider other matters. New Risk • Feb 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Earnings are forecast to decline by an average of 20% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$1.91 (vs US$1.04 in FY 2022) Full year 2023 results: EPS: US$1.91 (up from US$1.04 in FY 2022). Revenue: US$1.55b (up 1.8% from FY 2022). Net income: US$146.9m (up 88% from FY 2022). Profit margin: 9.5% (up from 5.1% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is expected to decline by 4.4% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 13
U.S. Silica Holdings, Inc. to Report Q4, 2023 Results on Feb 27, 2024 U.S. Silica Holdings, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 27, 2024 Announcement • Dec 16
U.S. Silica Holdings, Inc. Announces Executive Changes On December 15, 2023, U.S. Silica Holdings, Inc. announced that it had appointed Eugene Padgett to serve as the company's Vice President, Chief Accounting Officer and Controller, effective December 18, 2023. Mr. Padgett fills the office vacated by Kevin Hough, who was recently promoted to the position of the Company's interim Executive Vice President and Chief Financial Officer. Mr. Padgett, age 53, has served since 2022 as Senior Vice President and Chief Accounting Officer of Valmont Industries. From 2018 to 2022, he served as Senior Vice President and Chief Accounting Officer of DXP Enterprises, a publicly-traded distributor of maintenance, repair and operating products and services to a variety of end markets and business-to-business customers. Mr. Padgett holds a Bachelor of Business Administration in Accounting from Prairie View A&M University. In this role, Mr. Padgett will report to Kevin Hough, the Company's interim Executive Vice President and Chief Financial Officer. New Risk • Nov 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding). New Risk • Nov 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: US$0.35 (vs US$0.42 in 3Q 2022) Third quarter 2023 results: EPS: US$0.35 (down from US$0.42 in 3Q 2022). Revenue: US$367.0m (down 12% from 3Q 2022). Net income: US$26.9m (down 16% from 3Q 2022). Profit margin: 7.3% (down from 7.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 5.9% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Announcement • Oct 24
U.S. Silica Holdings, Inc. to Report Q3, 2023 Results on Nov 03, 2023 U.S. Silica Holdings, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 03, 2023 Announcement • Aug 12
U.S. Silica Holdings, Inc. Announces Executive Changes, Effective August 14, 2023 U.S. Silica Holdings, Inc. announced that on August 10, 2023, Jay Moreau was appointed to serve, effective August 14, 2023, as Executive Vice President and Chief Operating Officer of the company. Mr. Winkler has resigned as Executive Vice President and Chief Operating Officer of the Company, effective as of August 14, 2023. To ensure an orderly transition, Mr. Winkler will continue with the Company in a strategic advisory role through September 2023, then shift to a consulting role. Mr. Moreau, age 57, served as Chief Executive Officer of the U.S. Aggregates and Construction Materials operations of Holcim US, a global leader in innovative and sustainable building solutions, from February 2019 to January 2023. Prior to his role at Holcim, Mr. Moreau served with Martin Marietta Materials, a supplier of building materials, for 22 years, where he held positions of increasing responsibility, most recently as Senior Vice President of Operations Services, which position he held from 2011 to February 2019. Mr. Moreau holds a Bachelor of Science degree from Juniata College in Huntingdon, Pennsylvania. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.60 (vs US$0.30 in 2Q 2022) Second quarter 2023 results: EPS: US$0.60 (up from US$0.30 in 2Q 2022). Revenue: US$406.8m (up 4.7% from 2Q 2022). Net income: US$46.3m (up 102% from 2Q 2022). Profit margin: 11% (up from 5.9% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 4.3% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Announcement • Jul 03
U.S. Silica Holdings, Inc. Appoints Simon Bates as Independent Director On June 29, 2023, Simon Bates was appointed to serve, effective July 3, 2023, as an independent director of the Board of Directors of U.S. Silica Holdings, Inc., bringing the number of directors serving on the Board to seven. Mr. Bates was also appointed as an independent member of the Board’s Compensation Committee and Nominating & Governance Committee. Mr. Bates will serve as a director until the next annual meeting of stockholders and will be subject to election by the vote of stockholders at such meeting. Mr. Bates has served as CEO of Argos USA, since October 2022. Prior to his role at Argos USA, Mr. Bates held the position of President and Chief Executive Officer of GCP Applied Technologies Inc. from October 2020 to October 2022 where he was also a member of the Board of Directors. GCP was an NYSE-listed company and was a leading global provider of construction products, including high-performance specialty construction chemicals and building materials. From 2017 to October 2020, Mr. Bates served as President of Infrastructure Products Group, a division of CRH plc, a manufacturer of building products and materials. Announcement • May 16
U.S. Silica Holdings, Inc. Announces the Launch of EverWhite® Pigment U.S. Silica Holdings, Inc. announced the launch of EverWhite® Pigment, a newly engineered high-white pigment for coatings, building products, and other applications. This highly specialized product can be used to partially replace or compliment other inorganic white pigments like titanium dioxide (TiO2) and aluminum trihydrate (ATH). EverWhite® Pigment's advantages include its hardness and durability, which mirror the functionality of high performing pigments like TiO2, its premium bright-white and consistent color formulations, and that it is domestically sourced. Customer applications include quartz countertops, cementitious products, fillers for plastics, coating formulations, and numerous building products. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: US$0.58 (vs US$0.11 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.58 (up from US$0.11 loss in 1Q 2022). Revenue: US$442.2m (up 45% from 1Q 2022). Net income: US$44.6m (up US$53.0m from 1Q 2022). Profit margin: 10% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 92% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €10.65, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 1,209% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.74 per share. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: US$1.04 (vs US$0.45 loss in FY 2021) Full year 2022 results: EPS: US$1.04 (up from US$0.45 loss in FY 2021). Revenue: US$1.53b (up 38% from FY 2021). Net income: US$78.2m (up US$111.9m from FY 2021). Profit margin: 5.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
U.S. Silica Holdings, Inc. to Report Q4, 2022 Results on Feb 24, 2023 U.S. Silica Holdings, Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 24, 2023 Announcement • Jan 22
U.S. Silica Holdings, Inc. Announces the Retirement of Michael Winkler as Executive Vice President and Chief Operating Officer On January 20, 2023, Mr. Michael Winkler, Executive Vice President and Chief Operating Officer of U.S. Silica Holdings, Inc., notified the Company of his plan to retire from the Company. Mr. Winkler is expected to remain in his position until mid to late 2023 to assist with the transition of his responsibilities. Recent Insider Transactions • Dec 21
Independent Outside Director recently sold €173k worth of stock On the 16th of December, Diane Duren sold around 16k shares on-market at roughly €10.78 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.7m more than they bought in the last 12 months. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: US$0.42 (vs US$0.27 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.42 (up from US$0.27 loss in 3Q 2021). Revenue: US$418.8m (up 57% from 3Q 2021). Net income: US$32.1m (up US$52.1m from 3Q 2021). Profit margin: 7.7% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Announcement • Oct 15
U.S. Silica Holdings, Inc. to Report Q3, 2022 Results on Oct 28, 2022 U.S. Silica Holdings, Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Oct 28, 2022 Recent Insider Transactions • Sep 01
Independent Director recently sold €757k worth of stock On the 29th of August, William Kacal sold around 50k shares on-market at roughly €15.14 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.8m. Insiders have been net sellers, collectively disposing of €5.5m more than they bought in the last 12 months. Recent Insider Transactions • Aug 21
Executive VP & COO recently sold €2.8m worth of stock On the 18th of August, Michael Winkler sold around 181k shares on-market at roughly €15.43 per share. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Recent Insider Transactions • Aug 07
Independent Chairman of the Board recently sold €706k worth of stock On the 5th of August, Charles Shaver sold around 50k shares on-market at roughly €14.11 per share. This was the largest sale by an insider in the last 3 months. This was Charles' only on-market trade for the last 12 months. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$0.30 (vs US$0.35 in 2Q 2021) Second quarter 2022 results: EPS: US$0.30 (down from US$0.35 in 2Q 2021). Revenue: US$388.5m (up 22% from 2Q 2021). Net income: US$22.9m (down 12% from 2Q 2021). Profit margin: 5.9% (down from 8.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 16
U.S. Silica Holdings, Inc. to Report Q2, 2022 Results on Jul 29, 2022 U.S. Silica Holdings, Inc. announced that they will report Q2, 2022 results Pre-Market on Jul 29, 2022 Reported Earnings • May 01
First quarter 2022 earnings released: US$0.11 loss per share (vs US$0.28 loss in 1Q 2021) First quarter 2022 results: US$0.11 loss per share (up from US$0.28 loss in 1Q 2021). Revenue: US$304.9m (up 30% from 1Q 2021). Net loss: US$8.39m (loss narrowed 60% from 1Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Apr 16
U.S. Silica Holdings, Inc. to Report Q1, 2022 Results on Apr 29, 2022 U.S. Silica Holdings, Inc. announced that they will report Q1, 2022 results Pre-Market on Apr 29, 2022 Announcement • Mar 31
U.S. Silica Holdings, Inc., Annual General Meeting, May 12, 2022 U.S. Silica Holdings, Inc., Annual General Meeting, May 12, 2022, at 09:00 Central Standard Time. Location: the st. regis hotel 1919 briar oaks ln. Hosuton Texas United States Agenda: To consider the election of six director nominees named in this Proxy Statement; to approve the compensation of executive officers as disclosed in this Proxy Statement; to consider the ratification of the appointment of Grant Thornton LLP as independent registered public accounting firm for 2022; to consider an approval of Third Amended and Restated 2011 Incentive Compensation Plan; and to transact any other business that properly comes before the meeting, or any postponement or adjournment thereof. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.45 loss per share (up from US$1.55 loss in FY 2020). Revenue: US$1.10b (up 31% from FY 2020). Net loss: US$33.8m (loss narrowed 70% from FY 2020). Revenue exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 14%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 05
U.S. Silica Holdings, Inc. to Report Q4, 2021 Results on Feb 25, 2022 U.S. Silica Holdings, Inc. announced that they will report Q4, 2021 results Pre-Market on Feb 25, 2022 Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Sandra Rogers was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2021 earnings released: US$0.27 loss per share (vs US$0.19 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: US$267.3m (up 52% from 3Q 2020). Net loss: US$20.0m (loss widened 43% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS US$0.35 (vs US$0.44 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$317.3m (up 84% from 2Q 2020). Net income: US$26.0m (up US$58.4m from 2Q 2020). Profit margin: 8.2% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 28% per year. Breakeven Date Change • Jul 30
Forecast to breakeven in 2023 The 4 analysts covering U.S. Silica Holdings expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$18.7m in 2023. Average annual earnings growth of 100% is required to achieve expected profit on schedule. Recent Insider Transactions • Jun 03
Independent Director recently bought €127k worth of stock On the 28th of May, William Kacal bought around 15k shares on-market at roughly €8.45 per share. In the last 3 months, they made an even bigger purchase worth €264k. Insiders have collectively bought €102k more in shares than they have sold in the last 12 months. Reported Earnings • May 02
First quarter 2021 earnings released: US$0.28 loss per share (vs US$0.98 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$234.4m (down 13% from 1Q 2020). Net loss: US$20.8m (loss narrowed 71% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 01
Full year 2020 earnings released: US$1.55 loss per share (vs US$4.49 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$845.9m (down 43% from FY 2019). Net loss: US$114.1m (loss narrowed 65% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 75% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 01
Revenue beats expectations Revenue exceeded analyst estimates by 5.3%. Over the next year, revenue is forecast to grow 7.5% compared to a 4.0% decline forecast for the Energy Services industry in Germany. Recent Insider Transactions • Feb 19
CEO & Director recently sold €129k worth of stock On the 12th of February, Bryan Shinn sold around 16k shares on-market at roughly €8.07 per share. This was the largest sale by an insider in the last 3 months. Bryan has been a seller over the last 12 months, reducing personal holdings by €12k. Announcement • Feb 18
U.S. Silica Holdings, Inc. to Report Q4, 2020 Results on Feb 26, 2021 U.S. Silica Holdings, Inc. announced that they will report Q4, 2020 results Pre-Market on Feb 26, 2021 Is New 90 Day High Low • Feb 18
New 90-day high: €9.04 The company is up 169% from its price of €3.36 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.32 per share. Announcement • Feb 18
Bonnie. C Lind Intents to Retire as Director of U.S. Silica Holdings, Inc On February 9, 2021, Bonnie. C Lind notified the Board of Directors of U.S. Silica Holdings, Inc. of her intent to retire from her role as a director of the Company effective as of February 12, 2021 . Executive Departure • Feb 17
Independent Director has left the company On the 12th of February, Bonnie Cruickshank-Lind's tenure as Independent Director ended after 1.6 years in the role. As of December 2020, Bonnie personally held 11.00k shares (€61k worth at the time). A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Jan 04
New 90-day high: €7.20 The company is up 197% from its price of €2.43 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.87 per share. Recent Insider Transactions • Dec 25
Insider recently sold €85k worth of stock On the 23rd of December, James Ussery sold around 14k shares on-market at roughly €6.03 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €75k more than they sold in the last 12 months. Is New 90 Day High Low • Dec 11
New 90-day high: €5.57 The company is up 89% from its price of €2.95 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.99 per share. Is New 90 Day High Low • Nov 24
New 90-day high: €3.87 The company is up 8.0% from its price of €3.57 on 25 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.80 per share. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 0.5% at US$176.5m. Revenue is expected to shrink by 12% over the next year, compared to a 14% decline forecast for the Energy Services industry in Germany. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of US$411.5m, with losses widening by 41% from the prior year. Total revenue was US$957.7m over the last 12 months, down 36% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day low: €2.25 The company is down 26% from its price of €3.06 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share. Announcement • Oct 10
U.S. Silica Holdings, Inc. to Report Q3, 2020 Results on Oct 29, 2020 U.S. Silica Holdings, Inc. announced that they will report Q3, 2020 results at 9:00 AM, Eastern Standard Time on Oct 29, 2020 Is New 90 Day High Low • Sep 26
New 90-day low: €2.50 The company is down 14% from its price of €2.91 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Energy Services industry, which is down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.47 per share. Announcement • Jul 17
U.S. Silica Holdings, Inc. to Report Q2, 2020 Results on Jul 31, 2020 U.S. Silica Holdings, Inc. announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Jul 31, 2020