Smart Sand Inc (SND) Q3 2024 Earnings Call Highlights: Navigating Growth Amidst Market Challenges [Yahoo! Finance]
Smart Sand, Inc. (SND)
NASDAQ:AMEX Investor Relations:
ir.smartsand.com
Company Research
Source: Yahoo! Finance
Smart Sand Inc ( NASDAQ:SND ) reported a positive free cash flow of $3.7 million for the quarter. Sales volumes increased by 9% over 2023, while cost of goods sold decreased by $6.7 million or 3.4%. Capital expenditures are significantly down, with expectations to be at or under $10 million for 2024 compared to $23 million in 2023. The company has opened two new terminals in Ohio, which contributed to 18% of their volumes, reducing logistics costs and providing a competitive advantage. Smart Sand Inc ( NASDAQ:SND ) secured a new $30 million revolving credit facility, enhancing financial flexibility. Sales volumes decreased by 7% from the second quarter, with total revenues dropping from $73.8 million to $63.2 million. The company faced a $1.1 million noncash charge related to the closing of a fabrication facility in Canada. Operating expenses increased to $11.4 million in the third quarter compared to $9.5 million in the second quarter. Contribution margin and adjuste
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SND
Earnings
- 11/12/24 - Miss
SND
Sec Filings
- 12/18/24 - Form 4
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- SND's page on the SEC website