Smart Sand Q3 2023 revenue $76.9M, net income $6.7M; tons sold up 12% YoY

Smart Sand, Inc.

2023-Q3 EPS reported $0.24 revenue$234,026,000

Revenue $76.9M (up from $71.6M YoY); net income $6.7M ($0.18 EPS) vs $2.7M YoY.
Adjusted EBITDA $13.3M, up from $11.3M YoY; gross profit $14.4M vs $11.4M YoY.
Tons sold ~1,219,000, +10% sequential and +12% YoY; contribution margin $17.20/ton.
Free cash flow $5.6M in Q3; FY2023 capex estimated at $20-23M.
Cash on hand $9.3M and $19.0M undrawn ABL commitment as of Sep 30, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Smart Sand, Inc. reported the third quarter ended September 30, 2023 results: revenue $76.9 million, net income $6.7 million, EPS $0.18 per basic and diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $76.9 million
Net income: $6.7 million
EPS: $0.18 per basic and diluted share
Result: reported results

Exact text from the filing

in such filing. --- EX-99.1 (EX-99.1) --- Smart Sand, Inc. Announces Third Quarter 2023 Results • 3Q 2023 total tons sold of approximately 1.2 million • 3Q 2023 revenue of $76.9 million • 3Q 2023 net income of $6.7 million • 3Q 2023 adjusted EBITDA of $13.3 million • 3Q 2023 net cash provided by operating activities of $12.5 million • 3Q 2023 free cash flow of

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Source: SEC EDGAR

accession 0001529628-23-000116

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