U.S. Silica Holdings, Inc.'s board of directors declared a regular quarterly cash dividend of $0.125 per share to common shareholders of record at the close of business on June 19, 2013, payable on July 3, 2013. Future declarations of dividends are subject To Approve the Board. The company announced consolidated earnings results for the first quarter ended March 31, 2013. For the first quarter, the company announced net income of $17.3 million or $0.33 per basic and $0.32 per diluted share, compared with net income of $19.1 million or $0.37 per basic and diluted share for the same period in 2012. Earnings per share in the quarter were negatively impacted by $1.9 million on a pre-tax basis or $0.03 per share due to certain non-recurring charges related to secondary offering in March and M&A and business development activities. Excluding this additional expense, net income for the first quarter ended March 31, 2013 was $18.7 million or $0.35 per basic share. Revenue totaled $122.3 million compared with $102.6 million for the same period in 2012, an improvement of 19.2%. The increase was driven primarily by strength in the Oil and Gas Proppants segment. Adjusted EBITDA was $38.8 million or 31.7% of revenue compared with $37.0 million or 36.1% of revenue for the same period last year. Capital expenditures in the first quarter totaled $22.7 million and were associated primarily with raw sand plant in Sparta, Wisconsin, the acquisition of an existing silica sand processing facility near Ottawa operations, and the construction of three new transloads in Texas, West Virginia and Ohio. Operating income was $27.217 million, compared to $29.788 million for the last year. Income before income taxes was $23.763 million, compared to $26.145 million for the last year. EBITDA was $35.593 million, compared to $35.886 million for the last year. The company expects revenues of approximately $132 million to $140 million and adjusted EBITDA of between $39 million and $42 million in the second quarter of 2013. For the full year, 2013, the company is reaffirming its guidance for adjusted EBITDA in the range of $165 million to $175 million and capital expenditures of between $50 and $60 million.

U.S. Silica Holdings, Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on Apr 30, 2013

U.S. Silica Holdings, Inc., Q1 2013 Earnings Call, Apr 30, 2013