New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 16, 2014
17:09 EDTSLCAU.S. Silica to acquire Cadre Services for $98M cash
U.S. Silica Holdings announced that it has signed a stock purchase agreement to acquire all of the outstanding shares of Cadre Services for approximately $98M in cash. Closing is expected by the end of the month. The purchase price of $98M, less the net present value of approximately $14M in deferred tax assets, results in $84M of net consideration. Adjusted LTM EBITDA of $11.1M represents a purchase price multiple of 7.6 times. Projected 2015 Adjusted EBITDA of approximately $18M after synergies and the benefit of a full year of sales from the March capacity expansion represents a purchase price multiple of 4.7 times. This would result in Adjusted EPS accretion of 11c-13c per share in 2015.
News For SLCA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 29, 2014
18:59 EDTSLCAOn The Fly: After Hours Movers
Subscribe for More Information
16:44 EDTSLCAU.S. Silica sees 2014 adjusted EBITDA at high end of $230M-$240M
U.S. Silica is now expecting 2014 Adjusted EBITDA to be at the high end of its guidance range of $230M-$240M. The company still anticipates 2014 capital expenditures to be in the range of $95M-$105M.
16:43 EDTSLCAU.S. Silica reports Q3 EPS ex-items 79c, consensus 69c
Reports Q3 revenue $241.3M, consensus $231.7M. Overall sales volumes increased to 2.993 thousand tons, a 42% improvement over Q3 of 2013.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use