December 25, 2014 9:44 PM ET

Energy Equipment and Services

Company Overview of FMSA Holdings Inc.

Company Overview

FMSA Holdings Inc., together with its subsidiaries, primarily provides sand-based proppant solutions for oilfield service, and exploration and production companies to enhance the productivity of their oil and gas wells. It operates in two segments, Proppant Solutions and Industrial & Recreational Products. The Proppant Solutions segment primarily offers sand-based proppants for use in hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, northern Europe, and the Middle East. Its products include API-spec northern white frac sand, API-spec brown frac sand, and resin coated proppant; PowerProp, a resin coated sand product; and Propel SSP product that utilizes ...

8834 Mayfield Road

Chesterland, OH 44026

United States

Founded in 1986

Phone:

800-255-7263

Key Executives for FMSA Holdings Inc.

Chief Executive Officer
Age: 48
Total Annual Compensation: $360.5K
Chief Financial Officer and Vice President of Finance
Age: 52
Total Annual Compensation: $318.3K
Chief Operating Officer and Executive Vice President
Age: 57
Total Annual Compensation: $275.8K
Compensation as of Fiscal Year 2013.

FMSA Holdings Inc. Key Developments

Fairmount Santrol Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-10-2014 01:45 PM

Fairmount Santrol Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-10-2014 01:45 PM. Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 1002, United States.

Fairmount Santrol Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year 2014

Fairmount Santrol reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net income attributable to the company was $54.1 million, or $0.32 per diluted share, compared with net income attributable to the company of $24.7 million, or $0.15 per diluted share, for the same period a year ago. Adjusted earnings per diluted share were $0.35, an increase of 52% over adjusted earnings per diluted share of $0.23 for the third quarter of last year. The increase in earnings was primarily due to a 37% increase in raw sand Proppant volumes and a 51% increase in coated Proppant volumes. The comparison of net income and earnings per share for the third quarters of 2014 and 2013 was impacted by a number of non-operating charges in both periods, which are provided in the accompanying table. Adjusted EBITDA was $116.9 million, up 42% over third-quarter 2013 adjusted EBITDA of $82.1 million. Third-quarter revenue totaled $373.5 million, up 41% from $265.7 million for the same period last year. The increase in quarterly revenue was primarily due to increased sales volumes in the company's Proppant Solutions segment. Income from operations was $94.37 million, compared to $66.07 million a year ago. Income before provision for income taxes was $75.60 million, compared to $36.05 million a year ago. For the nine months, net income attributable to the company was $132.54 million or $0.80 per diluted share compared to net income attributable to the company of $93.31 million or $0.57 per diluted share a year ago. Revenue was $1,002.70 million, compared to $713.91 million a year ago. Income from operations was $240.62 million, compared to $191.69 million a year ago. Income before provision for income taxes was $186.83 million, compared to $134.56 million a year ago. Adjusted EBITDA was $296.92 million, compared to $228.46 million a year ago. Adjusted net income attributable to the company was $138.23 million or $0.83 per diluted share compared to adjusted net income attributable to the company of $108.52 million or $0.66 per diluted share a year ago. The company provided earnings guidance for the full year 2014. For the full-year 2014, the company expects to report Adjusted EBITDA in the range of $390 million to $395 million, an increase of 33% to 35% over 2013 Adjusted EBITDA of $293 million. Based on robust current demand levels and feedback from customers, the company is confident in meeting its full-year projections for a record 2014.

Fairmount Santrol Receives Favorable Permit to Expand Capacity at its Wedron, Illinois, Facility

Fairmount Santrol announced that it has received a favorable permit ruling that gives the company the option to expand the sand mining, processing and coating capacity of its Wedron, Illinois, operation. The permit ruling from the Illinois Environmental Protection Agency provides the Company with flexibility to expand the facility's current sand capacity from 4.4 million tons per year by up to an additional 3.5 million tons and also allows for increased coating capacity for its value-added products.

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