Smart Sand Inc (STU:1SD)

Q3 2024 Smart Sand Inc Earnings Call Transcript

Nov 13, 2024 / 03:00 PM GMT

Release Date Price: €2.02 (-16.53%)

Transcript 8-K10-Q

Key Points

Positve

Smart Sand Inc (SND) reported a positive free cash flow of $3.7 million for the quarter.
Sales volumes increased by 9% over 2023, while cost of goods sold decreased by $6.7 million or 3.4%.
Capital expenditures are significantly down, with expectations to be at or under $10 million for 2024 compared to $23 million in 2023.
The company has opened two new terminals in Ohio, which contributed to 18% of their volumes, reducing logistics costs and providing a competitive advantage.
Smart Sand Inc (SND) secured a new $30 million revolving credit facility, enhancing financial flexibility.

Negative

Sales volumes decreased by 7% from the second quarter, with total revenues dropping from $73.8 million to $63.2 million.
The company faced a $1.1 million noncash charge related to the closing of a fabrication facility in Canada.
Operating expenses increased to $11.4 million in the third quarter compared to $9.5 million in the second quarter.
Contribution margin and adjusted EBITDA decreased due to lower sales volumes and average selling prices.
The company expects lower free cash flow in the fourth quarter due to higher capital expenditures and increased working capital needs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SND.OQ - Smart Sand Inc
Q3 2024 Smart Sand Inc Earnings Call
Nov 13, 2024 / 03:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
$0.7 million and positive free cash flow of $3.7 million. Our sales volume this year have increased 9% over 2023. While our cost of goods sold has decreased by $6.7 million or 3.4%. For the same period, our capital expenditures are down $11 million a year-to-date through September having spent $5 million 5.1 million dollars through September 2024. In comparison to 16.1 million for the same period in 2023 we expect total capital expenditures for 2024 to be at or under $10 million compared to $23 million in 2023.

We continue to believe in long term fundamentals of the oil and gas business and although volumes decrease modestly quarter over quarter, demand remains strong for the fourth quarter. As for 2025 we are particularly excited about

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.