Fairmount Santrol Announces
Second-Quarter 2016 Results

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About Fairmount Santrol

Fairmount Santrol is one of the largest providers of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells.

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One of the largest providers of
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August 04, 2016 Fairmount Santrol Announces Second-Quarter 2016 Results
Total volumes of 2.0 million tons down 8% sequentially Revenues of $114 million down 21% sequentially Net loss of $88 million, including the after-tax impact of $70 million from asset impairments, inventory write-downs, stock compensation expense and other charges Completed equity offering for total net proceeds of approximately $161 million Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced results for the second quarter of 2016. Second-Quarter 2016 Results Second-quarter 2016 revenues were $114.2 million , down 21% from $145.5 million in the first quarter of 2016 and down 48% from $221.3 million for the same period in 2015. Overall volumes sold were 2.0 million tons for the quarter, a decrease of 8% from 2.1 million tons in the first quarter of 2016 and a decline of 13% from 2.2 million tons in the second quarter of 2015. For second-quarter 2016, the Company had a net loss of $87.9 million, or $(0.54) per diluted...
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