earnings
confidence high
sentiment negative
materiality 0.75
Smart Sand Q3 2024 net loss $5.2M; revenue $63.2M, down 18% YoY
Smart Sand, Inc.
2024-Q3 EPS reported
-$0.02
revenue$220,009,000
- Net loss before income tax $5.2M vs net income $4.8M in Q3 2023; adjusted EBITDA $5.7M, down from $13.2M.
- Revenue $63.2M, down 18% from $76.9M YoY; tons sold ~1.19M, down 2% from Q3 2023.
- Paid $0.10/share special dividend Oct 28; board authorized $10M share buyback over 18 months.
- New five-year $30M ABL credit facility with First Citizens Bank, undrawn at Sep 30.
- Free cash flow positive $3.7M; FY 2024 capex guidance $8M-$10M.