U.S. Silica Holdings Increases Sales but Misses Estimates on Earnings

U.S. Silica Holdings (NYSE: SLCA  ) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), U.S. Silica Holdings beat expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share shrank. GAAP earnings per share shrank.

Margins shrank across the board.

Revenue details
U.S. Silica Holdings logged revenue of $122.3 million. The eight analysts polled by S&P Capital IQ predicted sales of $119.9 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $102.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.35. The nine earnings estimates compiled by S&P Capital IQ predicted $0.36 per share. Non-GAAP EPS of $0.35 for Q1 were 7.9% lower than the prior-year quarter's $0.38 per share. GAAP EPS of $0.32 for Q1 were 14% lower than the prior-year quarter's $0.37 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 39.2%, 530 basis points worse than the prior-year quarter. Operating margin was 22.3%, 670 basis points worse than the prior-year quarter. Net margin was 14.1%, 450 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $135.9 million. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $532.7 million. The average EPS estimate is $1.68.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 92 members out of 95 rating the stock outperform, and three members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give U.S. Silica Holdings a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on U.S. Silica Holdings is outperform, with an average price target of $25.43.

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