New home construction sales are down a lot - and buyers who want one may now have an advantage

US Silica Sales and Profit Estimates (SLCA) for the Third Quarter

US Silica Holdings, Inc. SLCA reported web earnings of $32.1 million, or 41 cents a share, within the third quarter of 2022, in comparison with a lack of $20 million, or 27 cents a share, within the prior 12 months quarter.

Excluding one-time objects, adjusted earnings had been 43 cents, exceeding the Zacks consensus estimate of 38 cents.

American Silica generated income of $418.8 million, a rise of roughly 57% 12 months over 12 months. The quantity exceeded Zacks Consensus’ estimate of $415.2 million.

The corporate benefited from sturdy buyer demand throughout its enterprise segments and value will increase by a full quarter to counter the inflationary results within the industrial and specialty phase.

US Silica Holdings, Inc. Value, Compatibility & EPS Shock

US Silica Holdings, Inc. Price chart – consensus – EPS – surprise | Quote from American Silica Holding Firm

Sector highlights

Income within the Oil and Fuel division was $267.5 million within the cited quarter, a rise of 89% 12 months over 12 months and 10% sequentially. Gross sales quantity elevated 20% 12 months on 12 months to three.498 million tons. The oil and fuel contribution margin elevated 10 % respectively and 232 % year-on-year to $85.3 million or $24.38 per ton.

Income within the Industrial and Specialty Merchandise division was $151.4 million within the first quarter, a rise of 21% 12 months over 12 months and 5%, respectively. Gross sales quantity elevated 5% 12 months on 12 months to 1.126 million tons. The sector’s contribution margin was $46.5 million or $41.32 per tonne within the first quarter, up 1 % sequentially and 13 % year-over-year.

Finance

On the finish of the quarter, the corporate’s money and money equivalents had been $267.1 million, up about 7% 12 months over 12 months. Lengthy-term debt was $1,089.7 million, down about 9% 12 months over 12 months.

prospects

For the fourth quarter of 2022, American Silica indicated that its two companies are effectively positioned of their respective markets. The corporate famous that it has a powerful portfolio of commercial and specialty merchandise serving a number of key high-growth and enticing finish markets, backed by a powerful pipeline of recent merchandise underneath growth. It’s also seeing development in its core core enterprise together with increased costs and surcharges to proceed combating the inflationary results.

Within the oil and fuel sector, the corporate anticipates a multi-year development cycle. Energy in WTI crude oil and pure fuel costs helps the lively effectively completion surroundings within the 2022-2023 price range.

The corporate is concentrated on delivering free money circulate in 2022, shrinking its steadiness sheet and plans to realize constructive working money circulate in 2022. The corporate expects capital expenditures within the vary of $40-50 million.

value efficiency

American Silica shares gained 29.5% final 12 months versus a 17.1% decline in industry.

Zacks Investment Research
Picture supply: Zacks Funding Analysis

Zacks Rank & Different Key Picks

US Silica at the moment holds Zacks at No. 3 (Maintain).

Embrace top-rated shares value finding out within the core topic space Sociedad Quimica y Minera de Chile SA Sq. meters , Albemarle Firm ALB and Steel Buying and selling Firm CMC.

Sociedad has an anticipated earnings development fee of 530.7% for the present 12 months. Zacks’ consensus estimate of SQM earnings for the present 12 months has been revised up 2.1% prior to now 60 days.

Sociedad posted a shock fourth-quarter revenue of about 27.2%. SQM is up about 43% in a 12 months. The corporate at the moment holds a Zacks score of #1 (sturdy purchase). you possibly can see The full list of Zacks #1 stocks today is here.

Albemarle, which is at the moment ranked #1 by Zacks, has an anticipated earnings development fee of 430.7% for the present 12 months. Zacks’ consensus estimate of ALB earnings for the present 12 months was revised up 5.8% prior to now 60 days.

Albemarle’s earnings beat Zacks’ consensus estimate in every of the final 4 quarters. It has a delayed quarterly earnings shock of about 24.2% on common. ALB gained about 2% in a 12 months.

Business metals at the moment have a Zacks #2 (Purchase) score. The Zacks consensus estimate of CMC’s earnings for the present 12 months has been revised up 3.8% prior to now 60 days.

Business Metals’ earnings have outpaced Zacks Consensus’s estimate in every of the final 4 quarters. It has a delayed quarterly earnings shock of round 19.7% on common. CMC gained about 34% in a 12 months.

7 greatest shares for the subsequent 30 days

Simply launched: Specialists distill 7 elite shares from the present checklist of 220 Zacks ranked #1 in sturdy buys. They contemplate these indicators to be the “more than likely early value niches”.

Since 1988, your complete checklist has greater than doubled the market with a mean revenue of +24.8% per 12 months. So you should definitely give these seven handpicked objects your quick consideration.

See them now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 of the best stocks for the next 30 days. Click for this free report

Albemarle Corporation (ALB): Free Stock Analysis Report

Sociedad Quimica y Minera SA (SQM): Free Stock Analysis Report

Commercial Metal Corporation (CMC): Free Stock Analysis Report

US Silica Holdings, Inc. (SLCA): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The opinions and opinions expressed listed below are these of the writer and don’t essentially replicate the views and opinions of Nasdaq, Inc.

#Silica #Gross sales #Revenue #Estimates #SLCA #Quarter

Leave a Comment

Your email address will not be published.