Smart Sand, Inc.
2.1550-0.07 (-2.93%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · SND · USD
Key Stats
Market Cap
85.61MP/E (TTM)
71.83Basic EPS (TTM)
0.03Dividend Yield
0%Recent Filings
8-K
Q2 revenue surges 31%
Smart Sand reported Q2 2025 revenue of $85.8 million, up 31% from Q1's $65.6 million, driven by 33% higher sales volumes of 1,424,000 tons despite softer prices. Adjusted EBITDA climbed to $7.8 million from $1.4 million, fueled by Northeast frac sand gains and 28% IPS volume growth, though logistics costs rose. Volumes rebounded sharply. The company anticipates flat H2 volumes and full-year free cash flow positivity, while returning $6.4 million to shareholders via buybacks and a $0.10 dividend.
10-Q
Q2 FY2025 results
Smart Sand's Q2 revenue climbed 16% year-over-year to $85.8M, fueled by 19% higher sand sales from increased volumes and delivery mix shifts, though SmartSystems dipped 58% on lower fleet use. Gross profit fell 31% to $9.0M amid elevated logistics and production costs, yielding a slim operating loss of $0.1M versus $3.5M income last year; yet a hefty $21.7M tax benefit—tied to depletion deductions—flipped the quarter to $21.4M net income and $0.54 diluted EPS. YTD, revenue edged down 4% to $151.3M with a $2.8M net loss, but free cash flow turned negative at $(2.6)M after $6.2M capex, while cash swelled to $4.3M and $21.0M revolver availability cushions liquidity. Volumes rebounded in Q2. Customer concentration lingers as a key risk.
8-K
Special dividend declared
Smart Sand declared a special cash dividend of $0.10 per share on July 23, 2025, payable August 14 to shareholders of record on August 4. This move underscores the company's commitment to returning value amid cost management efforts. CEO Charles Young highlighted ongoing efficiency drives to enable future payouts. Yet, it signals confidence in liquidity without straining operations.
8-K
Annual meeting votes pass
Smart Sand, Inc. stockholders convened their annual meeting on June 3, 2025, electing Charles E. Young as Class III board director for a three-year term with 19.7 million votes for amid 3.0 million withheld. They ratified Grant Thornton LLP as auditors for 2025, garnering 31.1 million yes votes, while advisory approval of 2024 executive pay passed with 21.1 million in favor. Routine governance holds steady. No surprises here.
8-K
Share repurchase plan launched
Smart Sand entered a Rule 10b5-1 trading plan on May 22, 2025, to support its $10 million share repurchase program by allowing buys up to $1.5 million, starting no earlier than May 28 and ending by August 11 or upon exhaustion. This followed a May 16 credit facility amendment with First-Citizens Bank & Trust Company, adjusting terms to permit the plan while satisfying distribution conditions. The move signals confidence in valuation. Yet stock volatility poses risks to execution.
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