Smart Sand Inc (OQ:SND)

Business Focus: Construction Material Processing

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
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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

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