secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001529628-23-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand reports Q2 net income of $6.3M, adjusted EBITDA $11.4M, and strong free cash flow
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- Q2 net income of $6.3M ($0.17/sh) vs Q1 net loss of $3.6M and Q2 2022 net loss of $0.1M.
- Revenue of $74.8M; 1.084M tons sold down 9% QoQ; contribution margin $17.57/ton.
- Adjusted EBITDA $11.4M; free cash flow $10.8M; net cash from ops $16.1M.
- Started Blair, WI facility; first sand shipments to Canada; Industrial Products Solutions sales up 70% QoQ.
- FY 2023 capex guidance $20-25M; cash $5.5M; $19M undrawn ABL capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962823000097/0001529628-23-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962823000097/snd-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001529628-23-000097

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