Sector: Basic Materials | Industry: Construction Materials |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 28420 HARDY TOLL ROAD, SUITE 130 SPRING TX 77373 |
Tel: | N/A |
Website: | https://www.smartsand.com |
IR: | See website |
Key People | ||
Andrew R. Speaker Co-Chairman of the Board | Richard J. Shearer President - Industrial Products | Charles Edwin Young Chief Executive Officer, Director |
Lee E. Beckelman Chief Financial Officer | William John Young Chief Operating Officer | James D. Young Executive Vice President, General Counsel, Secretary |
Ronald P. Whelan Executive Vice President of Sales | Robert Kiszka Executive Vice President - Operations | Christopher Green Principal Accounting Officer, Vice President - Accounting |
Business Overview |
Smart Sand, Inc. is a fully integrated frac and industrial sand supply and services company. The Company offers complete mine to wellsite proppant supply and logistics solutions to its frac sand customers. The Company produces Northern White sand, which is a sand used as proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells and for a variety of industrial applications. It also offers proppant logistics solutions to its customers through its in-basin transloading terminals and its SmartSystems well-site proppant storage capabilities. Through its SmartSystems wellsite proppant storage solutions, it offers the SmartDepot and SmartDepotXL silo systems, SmartPath transloader, and its rapid deployment trailers. Its SmartDepot silos include passive and active dust suppression technology, along with the capability of a gravity-fed operation. The Company's SmartPath transloader is a mobile sand transloading system. |
Financial Overview |
For the fiscal year ended 31 December 2023, Smart Sand Inc revenues increased 16% to $296M. Net income totaled $4.6M vs. loss of $703K. Revenues reflect Sand sales revenue segment increase of 16% to $283.2M, Logistics revenue segment increase of 12% to $8.5M. Net Income reflects Interest expense, net - Balancing value decrease of 30% to $907K (expense), Bad debt expense decrease from $1K (expense) to $0K. |
Employees: | 378 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $94.81M as of Dec 31, 2023 |
Annual revenue (TTM): | $295.97M as of Dec 31, 2023 |
EBITDA (TTM): | $28.21M as of Dec 31, 2023 |
Net annual income (TTM): | $4.65M as of Dec 31, 2023 |
Free cash flow (TTM): | $7.96M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $13.09M as of Dec 31, 2023 |
Shares outstanding: | 43,008,960 as of Mar 4, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |