Financial Releases

July 5, 2017 Fairmount Santrol Announces Timing of Second-Quarter 2017 Earnings Release and Conference Call
Fairmount Santrol (NYSE:FMSA) announced today that it expects to release its second-quarter 2017 earnings before the New York Stock Exchange opens on Thursday, August 3, 2017. The Company will hold a conference call for investors on August 3, 2017 at 10 a.m. Eastern Time. The call will be hosted by Jenniffer Deckard, President and Chief Executive Officer, and Michael Biehl , Executive Vice President and Chief Financial Officer.
Investors are invited to listen to a live audio webcast of the conference call by visiting the Investor Relations section of the Company's website, FairmountSantrol.com. The webcast will be archived on the website following the call. The call can also be accessed live by dialing (877) 201-0168 or, for international callers, (647) 788-4901. The conference ID for the call is 47489888. A replay will be available shortly after the call and can be accessed by dialing (800) 585-8367 or (416) 621-4642. The passcode for the replay is 47489888. The replay of the...
read more >
May 4, 2017 Fairmount Santrol Announces First-Quarter 2017 Results
Volumes of 2.7 million tons up 10% sequentially, including Proppant Solutions volumes of 2.1 million tons up 13% sequentially Raw proppant sand volumes of 1.9 million tons up 10% sequentially, and coated proppant volumes of 161,000 tons up 59% sequentially Revenues of $172.6 million up 23% sequentially, including Proppant Solutions revenues of $141.0 million up 24% sequentially and Industrial and Recreational revenues of $31.6 million up 17% sequentially Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based product solutions, today announced results for the first quarter ended March 31, 2017 . First-Quarter 2017 Results First-quarter 2017 revenues were $172.6 million , up 23% from $140.5 million in the fourth quarter of 2016 and up 19% from $145.5 million in the first quarter of 2016. Overall volumes sold were 2.7 million tons for the quarter, up 10% from the fourth quarter of 2016 and an increase of 27% from 2.1 million tons in the first quarter of...
read more >
April 25, 2017 Fairmount Santrol Launches Eleventh Corporate Social Responsibility (CSR) Report
Fairmount Santrol (NYSE:FMSA) is pleased to announce the release of its eleventh annual Corporate Social Responsibility (CSR) Report, Staying True . The 2016 report follows the Global Reporting Initiative (GRI) G4 Guidelines. To meet these guidelines, the Company conducted an assessment and engaged internal and external stakeholders to identify and prioritize Fairmount Santrol’s most significant sustainability-related impacts, risks, and opportunities.
The theme of this year’s report, Staying True, highlights the Company’s collective commitment to Sustainable Development (SD), as well as the many accomplishments by Fairmount Santrol Family Members in 2016. This report also demonstrates the Organization’s ability to see beyond the challenging market conditions, and remain an employer and business partner of choice. The Company invites you to view the full 2016 CSR report online at csr.fairmountsantrol.com . Selected highlights include: People Family Members achieved 101 percent...
read more >
April 5, 2017 Fairmount Santrol Announces Timing of First-Quarter 2017 Earnings Release and Conference Call
Fairmount Santrol (NYSE:FMSA) announced today that it expects to release its first-quarter 2017 earnings before the New York Stock Exchange opens on Thursday, May 4, 2017. The Company will hold a conference call for investors on May 4, 2017 at 10 a.m. Eastern Time. The call will be hosted by Jenniffer Deckard, President and Chief Executive Officer, and Michael Biehl , Executive Vice President and Chief Financial Officer.
Investors are invited to listen to a live audio webcast of the conference call by visiting the Investor Relations section of the Company's website, FairmountSantrol.com. The webcast will be archived on the website following the call. The call can also be accessed live by dialing (877) 201-0168 or, for international callers, (647) 788-4901. The conference ID for the call is 1412684. A replay will be available shortly after the call and can be accessed by dialing (800) 585-8367 or (416) 621-4642. The passcode for the replay is 1412684. The replay of the call will...
read more >
March 9, 2017 Fairmount Santrol Announces Fourth-Quarter and Full-Year 2016 Results
Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based product solutions, today announced results for the fourth quarter and full year ended December 31, 2016 . Fourth-Quarter 2016 Results Fourth-quarter 2016 revenues were $140.5 million , up 4% from $134.8 million in the third quarter of 2016 and up 4% from $134.9 million in the fourth quarter of 2015. Overall volumes sold were 2.4 million tons for the quarter, similar to the third quarter of 2016 and an increase of 26% from 1.9 million tons in the fourth quarter of 2015. For fourth-quarter 2016, the Company had a net loss of $19.9 million, or $(0.09) per diluted share, compared with a net loss of $20.6 million, or $(0.11) per diluted share, in the third quarter of 2016. Net loss for fourth-quarter 2015 was $90.8 million, or $(0.56) per diluted share. Adjusted EBITDA for the fourth quarter of 2016 was $11.7 million , which excludes a gain on the repurchase of debt of $5.1 million (net of...
read more >
February 13, 2017 Fairmount Santrol Announces Timing of Fourth-Quarter 2016 Earnings Release and Conference Call
Fairmount Santrol (NYSE:FMSA) announced today that it expects to release its fourth-quarter 2016 earnings before the New York Stock Exchange opens on Thursday, March 9, 2017. The Company will hold a conference call for investors on March 9, 2017 at 10 a.m. Eastern Time. The call will be hosted by Jenniffer Deckard, President and Chief Executive Officer, and Michael Biehl , Executive Vice President and Chief Financial Officer. Investors are invited to listen to a live audio webcast of the conference call by visiting the Investor Relations section of the Company's website, FairmountSantrol.com. The webcast will be archived on the website following the call. The call can also be accessed live by dialing (877) 201-0168 or, for international callers, (647) 788-4901. The conference ID for the call is 57952116. A replay will be available shortly after the call and can be accessed by dialing (800) 585-8367 or (416) 621-4642. The passcode for the replay is 57952116. The replay of the call will...
read more >
January 18, 2017 Fairmount Santrol Announces The Proven Performance of Propel SSP® is Now Available for use in High Salinity Water
Propel SSP(R) 350 offers an opportunity to reduce water treatment and disposal costs while potentially eliminating the need for fresh water sources Fairmount Santrol (NYSE:FMSA) announced today an extension to Propel SSP proppant transport technology, which increases hydraulic fracturing efficiency, for plays where operators face high produced water disposal costs and constraints on freshwater availability.
This product line extension, Propel SSP 350, leverages the field-proven characteristics of Propel SSP technology into the realm of high salinity water sources. In addition to enabling delivery of any mesh size proppant, regardless of pump rate or proppant concentration, to the most complicated of fracture networks, Propel SSP 350 now adds flexibility in water sourcing. Propel SSP 350 can use the most operationally convenient water sources to minimize cost and simplify completions. This industry-leading technology provides operators the benefit and versatility of improving...
read more >
December 1, 2016 Fairmount Santrol Announces Upsize and Pricing of Secondary Common Stock Offering
Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced the pricing of an upsized secondary public offering of 20,000,000 shares of its common stock by its principal stockholder, ASP FML Holdings, LLC (the “Selling Stockholder”), an affiliate of American Securities LLC , a leading U.S. private equity firm, for total gross proceeds to the Selling Stockholder of approximately $175.0 million before deducting underwriting commissions and estimated offering expenses.  In addition, the Selling Stockholder has granted the underwriter a 30-day option to purchase up to an additional 3,000,000 shares of common stock. Fairmount Santrol will not receive any proceeds from the sale of shares in the offering.
Prior to this offering, the Selling Stockholder beneficially owned approximately 31.9% of the Company’s outstanding common stock.  Upon completion of the offering, the Selling Stockholder will own approximately 23.0% of the...
read more >
December 1, 2016 Fairmount Santrol Announces Secondary Common Stock Offering
Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced that its principal stockholder, ASP FML Holdings, LLC (the “Selling Stockholder”), an affiliate of American Securities LLC , a leading U.S. private equity firm, is selling 15,000,000 shares of Fairmount Santrol common stock that it currently owns in an underwritten public offering. Fairmount Santrol will not receive any proceeds from the sale of shares in the offering.
The Selling Stockholder also intends to grant the underwriter a 30-day option to purchase up to an additional 2,250,000 shares of common stock. Prior to this offering, the Selling Stockholder beneficially owned approximately 31.9% of the Company’s outstanding common stock. Upon completion of the offering, the Selling Stockholder will own approximately 25.2% of the Company’s outstanding common stock (or approximately 24.2% if the underwriter exercises its option in full). The underwriter may offer the...
read more >
November 29, 2016 Fairmount Santrol Announces Debt Repurchase
Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced that it has repurchased $213.0 million of term loans outstanding under its existing credit agreement at a discount through a Dutch auction.  The Company repurchased $37.9 million of Extended Term B-1 Loans and $175.1 million of Term B-2 Loans both due September 2019.  The term loans were repurchased at an average of 96.3% of par and the total cash paid to repurchase this debt was $205.1 million , plus accrued interest.  The related net gain on this debt repurchase will be recognized in the three months ended December 31, 2016 .
Following the transaction, the Company has approximately $118 million of Extended Term B-1 Loans and $723 million of Term B-2 Loans outstanding with both due September 2019. “We are pleased with our ability to successfully execute another essential step in our phased approach to reducing our leverage and improving our capital structure,”...
read more >
November 22, 2016 Fairmount Santrol to Participate in Upcoming Investor Conferences
Fairmount Santrol Holdings Inc. (NYSE:FMSA) today announced it will participate in two upcoming investor conferences, with presentations to be made at both by Michael F. Biehl , Executive Vice President and Chief Financial Officer.
The Company will participate in the Jefferies 2016 Energy Conference in Houston, on November 29, 2016, with a presentation at 3:30 p.m. CT that day.  The Company will also participate in the Cowen and Company Energy & Natural Resources Conference in New York on December 7, 2016, with a presentation at 1:50 p.m. ET that day. A webcast of each event and a copy of the Company's presentation will be available the day of the event on the Investor Relations page of the Fairmount Santrol website, www.FairmountSantrol.com . About Fairmount Santrol Fairmount Santrol is a leading provider of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. The Company also...
read more >
November 17, 2016 Fairmount Santrol Announces Debt Prepayment
Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced that it has prepaid approximately $86.4 million of term loans outstanding under its existing credit agreement.  The Company has elected to fully prepay the $16.8 million of Term B-1 Loans due March 2017 , and the $69.6 million of 2016 Extended Term B-1 Loans due July 2018.  The term loans were repaid at par plus accrued interest under the terms of the Company’s existing credit agreement.
“This debt reduction is another positive step in our phased approach to improve our balance sheet and address our financial obligations,” said Michael F. Biehl, Executive Vice President and Chief Financial Officer.  “By fully repaying these term loans now, we will reduce our cash interest expense by approximately $5.5 million over the next 20 months.” About Fairmount Santrol Fairmount Santrol is a leading provider of high-performance sand and sand-based products used by oil and gas...
read more >
November 3, 2016 Fairmount Santrol Announces Third-Quarter 2016 Results
Total volumes of 2.4 million tons up 24% sequentially Revenues of $134.8 million up 18% sequentially Net loss of $20.6 million, including the pre-tax impact of $9.8 million in fees ($6.4 million after tax) from renegotiation of railcar contracts Completed common stock offering of 30.25 million shares in October 2016 for net proceeds of approximately $277 million Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced results for the third quarter of 2016. Third-Quarter 2016 Results Third-quarter 2016 revenues were $134.8 million , up 18% from $114.2 million in the second quarter of 2016 and down 21% from $171.0 million for the third quarter of 2015. Overall volumes sold were 2.4 million tons for the quarter, an increase of 24% from 2.0 million tons in the second quarter of 2016 and an increase of 19% from 2.0 million tons in the third quarter of 2015. For third-quarter 2016, the Company had a net loss of $20.6 million, or...
read more >
October 19, 2016 Fairmount Santrol Prices Public Offering of Common Stock
Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced the pricing of its underwritten public offering of 30,250,000 shares of Fairmount Santrol common stock, upsized from 28,000,000 shares of common stock, for total gross proceeds of approximately $285.9 million before deducting underwriting commissions and estimated offering expenses. The underwriter will be granted a 30-day option to purchase up to an additional 4,537,500 shares of common stock. The underwriter may offer the shares from time to time in one or more transactions on the New York Stock Exchange , in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The offering is expected to close on October 25, 2016 , subject to customary closing conditions.
Fairmount Santrol intends to use the net proceeds of the offering for...
read more >
October 19, 2016 Fairmount Santrol Announces Proposed Offering of Common Stock
Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced that it has commenced an underwritten public offering of 28,000,000 shares of Fairmount Santrol common stock. The underwriter will be granted a 30-day option to purchase up to an additional 4,200,000 shares of common stock.
Fairmount Santrol intends to use the net proceeds of the offering for general corporate purposes, which may include, but are not limited to, repayment, repurchase or refinancing of debt and leases, working capital, capital expenditures, acquisitions permitted under its credit agreement, investments in or loans to subsidiaries and joint ventures and satisfaction of other obligations. Morgan Stanley & Co. LLC is acting as sole book-running manager for the offering. This offering is being made by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained by sending a request to: Morgan Stanley & Co....
read more >
October 19, 2016 Fairmount Santrol Announces Preliminary Third-Quarter 2016 Results
Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced preliminary financial results for the third quarter ended September 30, 2016 . The unaudited preliminary financial results for the third quarter of 2016 represent the most current information available to management. The Company’s actual results may differ materially from these preliminary financial results due to the completion of the Company’s financial closing procedures, final adjustments and other developments that may arise between the date of this release and when results for the third quarter are finalized. The preliminary financial information included in this release is subject to risks and uncertainties. Preliminary Third-Quarter 2016 Estimates Third-quarter 2016 revenues are expected to be between $133 million and $135 million, compared with $114.2 million for the second quarter of 2016 and $171.0 million for the third quarter of 2015. Overall volumes sold...
read more >
August 4, 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...
read more >
July 28, 2016 Fairmount Santrol Announces Closing of Its Primary Common Stock Offering
Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced the closing of its previously announced public offering of 25,000,000 shares of Fairmount Santrol common stock and the full exercise of the underwriters’ option to purchase an additional 3,750,000 shares. The Company received approximately $161 million in net proceeds from the offering, after deducting the underwriting commissions and estimated offering expenses.
Fairmount Santrol intends to use the net proceeds of the offering for general corporate purposes, which may include, but are not limited to, working capital, repayment, redemption or refinancing of debt, leases, capital expenditures, investments in or loans to subsidiaries, and satisfaction of other obligations. Morgan Stanley & Co. LLC , Wells Fargo Securities, LLC and Barclays Capital Inc. acted as joint book-running managers for the offering. This offering was made by means of a prospectus...
read more >
July 20, 2016 Fairmount Santrol Prices Public Offering of Common Stock
Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced the pricing of its underwritten public offering of 25,000,000 shares of Fairmount Santrol common stock for total gross proceeds of approximately $148.75 million before deducting underwriting commissions and estimated offering expenses.   The underwriters will be granted a 30-day option to purchase up to an additional 3,750,000 shares of common stock.  The underwriters may offer the shares from time to time in one or more transactions on the New York Stock Exchange , in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.  The offering is expected to close on July 26, 2016 , subject to customary closing conditions.
Fairmount Santrol intends to use the net proceeds of the offering for general corporate purposes, which may...
read more >
July 20, 2016 Fairmount Santrol Announces Proposed Offering of Common Stock
Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced that it has commenced an underwritten public offering of 25,000,000 shares of Fairmount Santrol common stock. The underwriters will be granted a 30-day option to purchase up to an additional 3,750,000 shares of common stock.
Fairmount Santrol intends to use the net proceeds of the offering for general corporate purposes, which may include, but are not limited to, working capital, repayment, redemption or refinancing of debt, leases, capital expenditures, investments in or loans to subsidiaries and joint ventures, and satisfaction of other obligations. Morgan Stanley & Co. LLC , Wells Fargo Securities, LLC and Barclays Capital Inc. are acting as joint book-running managers for the offering. This offering is being made by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained by sending a request to: Morgan Stanley...
read more >
July 14, 2016 Fairmount Santrol Announces Preliminary Second-Quarter 2016 Results
Company expects to release full quarterly financial results on August 4, 2016 Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced preliminary financial results for the second quarter of 2016.
$50 / bbl. range over a sustained period of time, rig count additions in the latter half of the second quarter, draw-downs on the inventory of drilled but uncompleted wells, the continued trend of increasing proppant volumes per well, and the reviving of well designs using resin-coated proppants.  In addition, our Industrial and Recreation business continues to deliver solid performance.  While the market remains unpredictable in the near term, we continue to believe Fairmount Santrol is well positioned for the eventual recovery,” Deckard concluded. Earnings Release and Conference Call Details Fairmount Santrol (NYSE:FMSA) also announced today that it expects to release its second-quarter 2016 earnings before the New York Stock...
read more >
May 10, 2016 Fairmount Santrol Announces First-Quarter 2016 Results
Compared to fourth-quarter 2015, total Company volumes were up 10%, with Proppant Solutions volumes up 12% and Industrial & Recreational volumes up 6% 71% of Northern White frac sand volumes shipped via unit train Revenues of $145.5 million up 8% sequentially Net loss of $11.8 million, with Adjusted EBITDA of $10.0 million, up from $4.7 million of Adjusted EBITDA in fourth-quarter 2015 In second-quarter 2016, approximately $70 million of the Company’s B-1 term loan was extended to July 2018, reducing March 2017 maturity to $17 million Fairmount Santrol (NYSE:FMSA), a leading provider of high-performance sand and sand-based products, today announced results for the first quarter of 2016. First-Quarter 2016 Results First-quarter 2016 revenues were $145.5 million , up 8% from $134.9 million in the fourth quarter of 2015, and down 52% from $301.5 million for the same period in 2015. Overall volumes sold were 2.1 million tons for the quarter, an increase of 10% from 1.9 million tons in...
read more >
May 2, 2016 Fairmount Santrol Launches Tenth Corporate Social Responsibility (CSR) Report
Fairmount Santrol is pleased to announce the release of its tenth annual Corporate Social Responsibility (CSR) Report, All In . The 2015 report follows the new Global Reporting Initiative (GRI) G4 Guidelines. To meet these guidelines, we conducted an assessment where we engaged internal and external stakeholders to identify and prioritize Fairmount Santrol’s most significant sustainability-related impacts, risks, and opportunities.
This report celebrates the many accomplishments of our Company and our collective commitment to Sustainable Development – the Fairmount Santrol Family is All In. Some highlights of our 2015 CSR report include: People We exceeded 1 million consecutive safe working hours for the third time in our history. Through December, we accumulated a record of more than 1.5 million consecutive safe working hours. Beyond meeting our business needs, our Family Members dedicated more than 15,000 volunteer hours to the communities in which we live and work. Planet...
read more >
April 25, 2016 Fairmount Santrol Announces Timing of First-Quarter 2016 Earnings Release and Conference Call
Fairmount Santrol (NYSE:FMSA) announced today that it expects to release its first-quarter 2016 earnings before the New York Stock Exchange opens on Tuesday May 10, 2016. The Company will hold a conference call for investors on May 10, 2016 at 10 a.m. Eastern Time. The call will be hosted by Jenniffer Deckard, president and chief executive officer, and Michael Biehl , chief financial officer.
Investors are invited to listen to a live audio webcast of the conference call by visiting the Investor Relations section of the Company's website, FairmountSantrol.com. The webcast will be archived on the website following the call. The call can also be accessed live by dialing (877) 201-0168 or, for international callers, (647) 788-4901. The passcode for the call is 97122681. A replay will be available shortly after the call and can be accessed by dialing (855) 859-2056 or (404) 537-3406. The passcode for the replay is 97122681. The replay of the call will be available through May 17,...
read more >
April 15, 2016 Fairmount Santrol Introduces TechniSand TruCoat™ Resin-Coated Sand to Metalcasting Industry
Environmentally friendly resin-coated sand increases productivity Fairmont Santrol will introduce TechniSand TruCoat resin-coated sand at the upcoming American Foundry Society’s CASTEXPO 16 & 120th Metalcasting Congress , which is April 16-19 at the Minneapolis Convention Center . Technisand TruCoat is a new, environmentally friendly resin-coated sand designed to reduce odor and smoke, and lower emissions without sacrificing productivity. Fairmount Santrol developed TechniSand TruCoat resin-coated sand to improve air quality inside and outside the foundry without sacrificing quality or production demands. Compared with conventional resin-coated technology, the new product decreases hazardous air pollutants (HAPs) by 41%, lowers free phenol levels by 62%, and reduces free formaldehyde by 35%. “TruCoat represents our continued commitment to providing the highest quality products that are both environmentally conscious and employee friendly,” said Mike Lenahan, Vice President of...
read more >
March 10, 2016 Fairmount Santrol Announces Fourth-Quarter and Full-Year 2015 Results
Fourth-quarter 2015 total company volumes down 5% sequentially, I&R volumes down 3% sequentially and Proppant Solutions volumes down 7% sequentially – with frac sand volumes down 4% sequentially and coated proppant volumes down 26% sequentially
75% of fourth-quarter Northern White frac sand volumes shipped via unit train
Full-year 2015 total volumes of 8.5 million tons down 12%, with raw frac sand volumes of 5.4 million tons down 5%, compared with 2014
Full-year 2015 revenue of $828.7 million
Full-year free cash flow of $122.0 million, after capital expenditures of $113.8 million, and resulting in cash balance of $171.5 million at December 31, 2015
Fairmount Santrol (NYSE:FMSA) today announced results for the fourth quarter and full year ended December 31 , 2015. Fourth-Quarter 2015 Results Fourth-quarter 2015 revenue totaled $134.9 million , down 21% from $171.0 million in the third quarter of 2015, and down 62% from $353.8 million for the same...
read more >
March 3, 2016 Fairmount Santrol Announces Michael F. Biehl Will Join the Company as Executive Vice President and Chief Financial Officer
Fairmount Santrol (NYSE:FMSA) today announced Michael F. Biehl will join the Company as Executive Vice President and Chief Financial Officer.
Mr. Biehl will join Fairmount Santrol from Chart Industries, Inc. (Nasdaq:GTLS), a diversified global manufacturer of equipment for the industrial gas, energy and biomedical industries, where he has served as Chief Financial Officer since 2001. Prior to joining Chart Industries, he was Vice President, Finance and Treasurer at the former Oglebay Norton Company, an industrial minerals, mining, processing and transportation company. He previously also worked in the audit practice of Ernst & Young LLP in Cleveland.  Mr. Biehl holds an MBA from Northwestern University’s Kellogg School of Management and a BBA (with a major in accounting) from Ohio University. “After a thorough search for the best candidate, we are very pleased Michael will be joining Fairmount Santrol to lead our Finance and Accounting organization. Given his extensive...
read more >
February 16, 2016 Fairmount Santrol Announces Timing of Fourth-Quarter and Full-Year 2015 Earnings Release and Conference Call
Fairmount Santrol (NYSE:FMSA) announced today that it expects to release its fourth-quarter and full-year 2015 earnings before the New York Stock Exchange opens on Thursday, March 10, 2016. The Company will hold a conference call for investors on March 10, 2016 at 9 a.m. Eastern Time. The call will be hosted by Jenniffer Deckard, president and chief executive officer, and Mark Barrus , interim chief financial officer.
Investors are invited to listen to a live audio webcast of the conference call by visiting the Investor Relations section of the Company's website, FairmountSantrol.com. The webcast will be archived on the website following the call. The call can also be accessed live by dialing (877) 201-0168 or, for international callers, (647) 788-4901. The passcode for the call is 28907398. A replay will be available shortly after the call and can be accessed by dialing (855) 859-2056 or (404) 537-3406. The passcode for the replay is 28907398. The replay of the call will be...
read more >
December 21, 2015 Fairmount Santrol to Participate in Goldman Sachs’ Global Energy Conference 2016
Fairmount Santrol Holdings Inc. (NYSE:FMSA) today announced it will participate in Goldman Sachs’ Global Energy Conference 2016 in Miami, FL, on Thursday, January 7, 2016, at 2:30 p.m. EST.  Mark Barrus , Interim Chief Financial Officer and Vice President of Accounting, and Sharon Van Zeeland , Vice President of Investor Relations and Business Development, will participate in the session.
About Fairmount Santrol Fairmount Santrol is a leading provider of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. The Company also provides high-quality products, strong technical leadership and applications knowledge to end users in the foundry, building products, water filtration, glass, and sports and recreation markets. Its global logistics capabilities include a wide-ranging network of distribution terminals and thousands of rail cars that allow the Company to effectively serve customers...
read more >
November 19, 2015 Fairmount Santrol to Participate in Cowen and Company’s 5th Annual Ultimate Energy Conference
Fairmount Santrol Holdings Inc. (NYSE:FMSA) today announced it will participate in Cowen and Company’s 5th Annual Ultimate Energy Conference in New York, NY , with a presentation on Wednesday, December 2, 2015 , at 2:25 p.m. EST . Jenniffer Deckard , President and Chief Executive Officer, Mark Barrus , Interim Chief Financial Officer, and Sharon Van Zeeland , Vice President of Investor Relations and Business Development, will attend the session.
A webcast of the event, with a copy of the Company's presentation, will be available that day on the Investor Relations page of the Fairmount Santrol website, www.FairmountSantrol.com. About Fairmount Santrol
Fairmount Santrol is a leading provider of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. The Company also provides high-quality products, strong technical leadership and applications knowledge to end users in the foundry,...
read more >
November 12, 2015 Fairmount Santrol Announces Third-Quarter 2015 Results
Total Company volumes down 9% sequentially, Proppant Solutions volumes down 8% sequentially, with frac sand volumes down 6% and coated proppant volumes down 25% sequentially Total revenue of $171.0 million, down 23% sequentially Net loss of $46.2 million, or $(0.29) per diluted share, including adjustments of $38.9 million, which are the after-tax effect of restructuring charges and asset impairments and a non-cash tax expense of $28.1 million due to a change in book tax rate Total Adjusted EBITDA of $21.8 million, down 40% sequentially Free cash flow in the quarter of $13.3 million, after capital expenditures of $30.3 million, brings cash balance to $179.5 million at September 30, 2015 Fairmount Santrol (NYSE:FMSA) today announced results for the third quarter ended September 30 , 2015. Third-quarter 2015 revenue totaled $171.0 million, down 54% from $373.5 million for the same period in 2014, and down 23% from $221.3 million in the second quarter of 2015. Overall sales volumes were...
read more >
November 9, 2015 Propel SSP Proppant Transport Technology Increases Hydrocarbon Production 39% in a Six-Well Field Trial
Proppant and Fluid System in One Lowers Cost Per BOE Fairmount Santrol announces today a successful six-well field trial using its proprietary Propel SSP™ proppant transport technology. Initial 90-day oil production increased 39% compared with offset wells. Field trial details are summarized in a case study available on Fairmount Santrol’s website by clicking here .
In the Three Forks and Middle Bakken formations of North Dakota’s Williston basin, Enerplus Corporation compared six Propel SSP wells with five offset wells that were completed using Northern White sand in a traditional crosslinked gel fluid system. The field test comparison specified the same proppant volume per lateral foot. The production increase can be attributed to an increase in the propped surface area, the area of the hydrocarbon-rich rock that is fractured and successfully held open by proppant. In addition to the oil production increase, Propel SSP simplified hydraulic fracturing operations by reducing...
read more >
October 26, 2015 Fairmount Santrol Announces Timing of Third-Quarter 2015 Earnings Release and Conference Call
Fairmount Santrol (NYSE:FMSA) announced today that it expects to release its third-quarter 2015 earnings before the New York Stock Exchange opens on Thursday, November 12, 2015. The Company will hold a conference call for investors on November 12, 2015 at 10 a.m. Eastern Time. The call will be hosted by Jenniffer Deckard, president and chief executive officer, and Mark Barrus , interim chief financial officer.
Investors are invited to listen to a live audio webcast of the conference call by visiting the Investor Relations section of the Company's website, FairmountSantrol.com. The webcast will be archived on the website following the call. The call also can be accessed live by dialing (877) 201-0168 or, for international callers, (647) 788-4901. The passcode for the call is 46344149. A replay will be available shortly after the call and can be accessed by dialing (855) 859-2056 or (404) 537-3406. The passcode for the replay is 46344149. The replay of the call will be available...
read more >
September 28, 2015 Fairmount Santrol Engineered Proppant Continues to Reduce Cost Per BOE in US Shale Formations
Self-Suspending Proppant Initial Field Trials and Resin-Coated Sand Increasing Hydraulic Fracturing Efficiency Fairmount Santrol announces today at the SPE Annual Technical Conference and Exhibition (ATCE) the company's self-suspending proppant technology in initial field trials and resin-coated sand are continuing to reduce the cost per barrel of oil equivalent (BOE) while producing more oil and gas. This better well performance underscores the advantages of stimulating wells with Fairmount Santrol's engineered proppant that increases hydraulic fracturing efficiency. On the first day of the conference, the company is presenting a technical paper, Self-Suspending Proppant Transport Technology Increases Stimulated Reservoir Volume. The paper highlights how this proppant and fluid system maximizes the effective fracture half-length more efficiently than slickwater and crosslinked gel-based fluids, which damage the proppant pack and formation. Applying self-suspending proppant, some...
read more >
September 23, 2015 Fairmount Santrol Announces Departure of Chief Financial Officer
Fairmount Santrol (NYSE:FMSA) today announced that Christopher L. Nagel will leave his position as Chief Financial Officer and Executive Vice President of Finance effective October 20, 2015 , in order to pursue an opportunity in the consumer products industry. Mr. Nagel's departure is not the result of any dispute or disagreement with the Company or any matter relating to the Company's accounting practices or financial statements. "Since joining Fairmount Santrol as CFO in 2011, Chris has been instrumental in building a best-in-class financial organization that helped prepare us for last year's initial public offering and will continue to support our needs as a public company," said Jenniffer Deckard, Fairmount Santrol President and Chief Executive Officer. "We thank Chris for his contributions to the ongoing success of our Company, and we wish him a very successful future." She continued, "We remain confident in our experienced management team and in the continued execution of our...
read more >
August 28, 2015 Fairmount Santrol to Participate in Barclay's CEO Energy-Power Conference
Fairmount Santrol (NYSE:FMSA) today announced it will participate in the 2015 Barclay's CEO Energy-Power Conference in New York, NY , with a presentation on Thursday, September 10 , at 11:05 a.m. Jenniffer Deckard , Chief Executive Officer, and Chris Nagel , Chief Financial Officer, will participate in the session. A webcast of the event, along with the Company's presentation, will be available that day on the Investor Relations page of the Fairmount Santrol website, www.FairmountSantrol.com. About Fairmount Santrol Fairmount Santrol is a leading provider of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. The Company also provides high-quality products, strong technical leadership and applications knowledge to end users in the foundry, building products, water filtration, glass, and sports and recreation markets. Its global logistics capabilities include a wide-ranging network of...
read more >
August 11, 2015 Fairmount Santrol Announces Second-Quarter 2015 Results
Total Company volumes down 4% sequentially, Proppant Solutions volumes down 10% sequentially, with frac sand volumes down 7% sequentially Total revenue of $221.3 million, down 27% sequentially Total Adjusted EBITDA of $36.5 million, down 51% sequentially Net income of $14.1 million, or $0.08 per diluted share, after charges associated with restructuring and plant closures, and the benefit from change in full-year tax rate Free cash flow in the quarter of $66.6 million after capital expenditures brings cash balance to $175.5 million at June 30, 2015 Fairmount Santrol (NYSE:FMSA) today announced results for the second quarter ended June 30, 2015 . Second-quarter 2015 revenue totaled $221.3 million, down 34% from $334.3 million for the same period in 2014, and down 27% from $301.5 million in the first quarter of 2015. Overall sales volumes were 2.2 million tons for the quarter, approximately an 8% decrease compared with 2.4 million tons in the second quarter of 2014 and a 4% sequential...
read more >
July 28, 2015 Fairmount Santrol Announces Timing of Second Quarter 2015 Earnings Release and Conference Call
Fairmount Santrol (NYSE:FMSA) announced today that it expects to release its second quarter 2015 earnings before the New York Stock Exchange opens on Tuesday, August 11, 2015. The Company will hold a conference call for investors on August 11, 2015, at 10 a.m. eastern time. The call will be hosted by Jenniffer Deckard, president and chief executive officer, and Christopher Nagel , chief financial officer. Investors are invited to listen to a live audio webcast of the conference call by visiting the Investor Relations section of the Company's website, FairmountSantrol.com. The webcast will be archived on the website following the call. The call also can be accessed live by dialing (877) 201-0168 or, for international callers, (647) 788-4901. The passcode for the call is 87475389. A replay will be available shortly after the call and can be accessed by dialing (855) 859-2056 or (404) 537-3406. The passcode for the replay is 87475389. The replay of the call will be available...
read more >
July 23, 2015 Fairmount Santrol Technical Paper Confirms Self-Suspending Proppant Reduces Formation Damage
Proprietary Proppant Transport Technology Increasing Oil and Gas Production Fairmount Santrol presented a technical paper Wednesday, July 22 , confirming self-suspending proppant increases oil and gas production by not harming the formation. The company presented the paper at the Unconventional Resources Technology Conference (URTeC). The paper—Improve Well Performance by Reducing Formation Damage—verifies better production in the absence of traditional hydraulic fracturing fluids. In 2 formations, one after 18 months and the other after 5 months, hydrocarbon production in the wells with self-suspending proppant technology increased 45% and 43%, respectively, compared with their offset test wells completed with traditional slickwater and guar-based gel fluids. Slickwater and guar-based gel fluids decrease formation permeability and proppant pack conductivity because those completions designs deposit damaging chemical residue during hydraulic fracturing and fluid flowback. The...
read more >
July 20, 2015 Fairmount Santrol Launches Reducing Cost Per BOE Campaign
Proprietary Proppant Technology Increasing Oil and Gas Production at Lower Cost Per Barrel of Oil Equivalent Fairmount Santrol launched the Reducing Cost per BOE campaign at the opening of the three-day Unconventional Resources Technology Conference (URTeC). During the conference, the company is showcasing field results verifying self-suspending proppant technology and a portfolio of resin-coated sand are enabling operators to produce more oil and gas at a lower cost per barrel of oil equivalent. A technical paper the company is presenting Wednesday at the conference documents how self-suspending proppant increases oil and gas production at lower cost per BOE by not harming the formation. URTeC technical paper 2151737—Improve Well Performance by Reducing Formation Damage—will be presented Wednesday, July 22, at 3:05 p.m. The paper can be purchased on onepetro.org. The technology's hydrogel polymer coating rapidly hydrates in water, which allows proppant to resist settling and to stack...
read more >
July 13, 2015 Fairmount Santrol Stock to Trade Under a New CUSIP Number, Effective July 17, 2015; Ticker Symbol to Remain "FMSA"
Fairmount Santrol (NYSE:FMSA) today announced that the company's common stock will begin trading under a new CUSIP number, 30555Q108, effective at the close of the New York Stock Exchange ("NYSE") trading day on July 17, 2015 . In addition, the company is changing its registered name from FMSA Holdings Inc. to Fairmount Santrol Holdings Inc. to better align with the Fairmount Santrol corporate name adopted in 2014 for use in its business and marketing activities. There are no operational or structural changes associated with this new CUSIP number or name change. The company's stock is listed on the NYSE, and its ticker symbol will remain "FMSA". About Fairmount Santrol Fairmount Santrol is a leading provider of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. The company also provides high-quality products, strong technical leadership and applications knowledge to end users in the...
read more >
June 15, 2015 Self-Suspending Proppant Webcast to Highlight Technology's Latest Field Success
Fairmount Santrol with Weatherford International plc is sponsoring a webcast June 16 at 10 a.m. central to release the latest field success for Propel SSP™ proppant transport technology. Propel SSP proppant transport technology swells upon contact with water to go farther and higher into the formation, increasing the stimulated reservoir volume. A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=33730 The one-hour webcast, hosted by World Oil , will document how self-suspending proppant is decreasing the cost per barrel of oil equivalent (BOE) by uniformly placing proppant higher and farther in the fracture. The technology is an alternative to crosslinked gel and slickwater fracturing fluid systems that damage the proppant pack and formation. This efficient technology allows pressure pumping at higher proppant concentrations versus slickwater using fewer fluid additives and requiring less pumping time. The technology enables easy...
read more >
June 4, 2015 Fairmount Santrol to Participate in Barclays High Yield Bond and Syndicated Loan Conference
Fairmount Santrol (NYSE:FMSA) today announced it will participate in the Barclays High Yield Bond and Syndicated Loan Conference , June 10-12, 2015 , at The Broadmoor in Colorado Springs, Colorado . Chris Nagel , Chief Financial Officer, will present at 4:45 MDT on June 11 . Investors and interested parties may listen to a live webcast by visiting the investor relations page of the Company's website, www.fairmountsantrol.com. About Fairmount Santrol Fairmount Santrol is a leading provider of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. The company also provides high-quality products, strong technical leadership and applications knowledge to end users in the foundry, building products, water filtration, glass, and sports and recreation markets. Its global logistics capabilities include a wide-ranging network of distribution terminals and thousands of rail cars that allow the company to...
read more >
May 27, 2015 Fairmount Santrol to Participate in RBC Capital Markets Global Energy and Power Executive Conference
Fairmount Santrol (NYSE:FMSA) today announced it will participate in the 2015 RBC Capital Markets Global Energy and Power Executive Conference in New York City with a Question & Answer (Q&A) session on Tuesday, June 2 , at 2:35 p.m. Chris Nagel , Chief Financial Officer, and Van Smith , Executive Vice President, will conduct the Q&A session. About Fairmount Santrol Fairmount Santrol is a leading provider of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. The company also provides high-quality products, strong technical leadership and applications knowledge to end users in the foundry, building products, water filtration, glass, and sports and recreation markets. Its global logistics capabilities include a wide-ranging network of distribution terminals and thousands of rail cars that allow the company to effectively serve customers wherever they operate. As one of the nation's...
read more >
May 12, 2015 Fairmount Santrol Announces First Quarter 2015 Results
Proppant Solutions volumes up 12% over prior quarter, down 6% sequentially Total revenue of $301.5 million up 2% over prior quarter, down 15% sequentially Net income of $30.8 million, or $0.18 per diluted share – down 11% over prior quarter, down 19% sequentially Free cash flows in the quarter of $41.4 million after capital expenditures and debt repayments Fairmount Santrol (NYSE:FMSA) today announced results for the first quarter ended March 31, 2015 . First Quarter 2015 Results vs. Prior Year First quarter 2015 revenue totaled $301.5 million , up 2% from $294.9 million for the same period in 2014. Overall sales volumes increased to 2.3 million tons for the quarter, an 8% increase compared with 2.1 million tons in the first quarter of 2014. The increase in volumes in the first quarter of 2015 over the prior year period was primarily due to continued strong demand resulting from increased proppant intensity and improved service levels driven by better weather conditions and improved...
read more >
May 5, 2015 Fairmount Santrol Launches Ninth Corporate Social Responsibility (CSR) Report
Fairmount Santrol is pleased to announce the release of its ninth annual Corporate Social Responsibility (CSR) Report, Boldly Different— our first report to follow the new Global Reporting Initiative (GRI) G4 Guidelines. To meet these guidelines, we conducted an assessment where we engaged internal and external stakeholders to identify and prioritize Fairmount Santrol's most significant sustainability-related impacts, risks, and opportunities. A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=32714 This report shares the results of our assessment as well as celebrates the many accomplishments of our Family Members and our collective commitment to be Bold and lead by example. Some highlights of our 2014 CSR report include: People Hosted our fourth Appreciative Inquiry Summit, where Family Members and stakeholders Boldly defined our path to a sustainable future and contributed more than 3,720 hours of service during our "Day of Caring"...
read more >
April 21, 2015 Fairmount Santrol Announces Timing of First-Quarter 2015 Earnings Release and Conference Call
Fairmount Santrol (NYSE:FMSA) announced today that it expects to release its first-quarter 2015 earnings before the New York Stock Exchange opens on Tuesday May 12, 2015 . The Company will hold a conference call for investors on May 12, 2015 at 10 a.m. Eastern Time . The call will be hosted by Jenniffer Deckard , president and chief executive officer, Christopher Nagel , chief financial officer and Van Smith , executive vice president responsible for proppant sales, marketing and new product development. Investors are invited to listen to a live audio webcast of the conference call by visiting the Investor Relations section of the Company's website at FairmountSantrol.com. The webcast will be archived on the website following the call. The call can also be accessed live by dialing (877) 201-0168 or for international callers, (647) 788-4901. The passcode for the call is 28475325. A replay will be available shortly after the call and can be accessed by dialing (855) 859-2056 or (404)...
read more >
March 23, 2015 Fairmount Santrol Announces Strong Fourth-Quarter and Record Full-Year 2014 Results
FOURTH-QUARTER REVENUE OF $353.8 MILLION UP 29% OVER PRIOR-YEAR QUARTER RECORD FULL-YEAR 2014 COMPARED TO 2013 REVENUE OF $1.36 BILLION ON 9.6 MILLION TONS SOLD, UP 37% OVER THE PRIOR YEAR NET INCOME OF $170.4 MILLION, OR $1.03 PER DILUTED SHARE, UP 64% OVER THE PRIOR YEAR ADJUSTED EBITDA OF $397.3 MILLION, UP 36% OVER THE PRIOR YEAR Fairmount Santrol (NYSE:FMSA) today announced results for the fourth quarter and full year ended December 31, 2014 . Fourth-Quarter 2014 Results For the fourth quarter, net income was $37.9 million , or $0.23 per diluted share, compared with net income of $10.7 million , or $0.06 per diluted share, for the same period a year ago. Adjusted earnings per diluted share were $0.24 , an increase of 118% over adjusted earnings per diluted share of $0.11 for the fourth quarter of 2013. The increase in earnings was primarily due to a 14% increase in raw sand sales volumes and a 44% increase in value-added coated product sales volumes. The quarterly and full-year...
read more >
March 12, 2015 Fairmount Santrol to Present at Scotia Howard Weil 43rd Annual Energy Conference
Fairmount Santrol (NYSE:FMSA) today announced that President and Chief Executive Officer Jenniffer Deckard and Chief Financial Officer Christopher Nagel will present at the Scotia Howard Weil 43rd Annual Energy Conference . The presentation will be held at 1:40 p.m. central time Tuesday, March 24, 2015 , in New Orleans, Louisiana . A copy of the presentation will be available that day on the investor relations portion of the Fairmount Santrol website, www.FairmountSantrol.com. About Fairmount Santrol Fairmount Santrol is a leading provider of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. The company also provides high-quality products, strong technical leadership and applications knowledge to end users in the foundry, building products, water filtration, glass, and sports and recreation markets. Its global logistics capabilities include a wide-ranging network of distribution terminals...
read more >
February 10, 2015 Fairmount Santrol Comments on Strength of Fourth-Quarter 2014 Volumes and Reaffirms Full-Year Guidance; Announces Timing of Fourth-Quarter and Full-Year 2014 Earnings Release and Conference Call
Fairmount Santrol (NYSE:FMSA) today announced fourth-quarter and full-year 2014 sales volumes. The company expects to report a strong fourth quarter driven by total sales volumes of approximately 2.5 million tons, an increase of 15% compared with the prior-year period. Overall, fourth-quarter raw sand volumes were 2.1 million tons, and value-added coated product volumes were 0.4 million tons, up 11% and 41%, respectively, over the prior-year period. The reported volume growth was driven by continued proppant demand across all basins. Compared with the prior-year period, fourth-quarter volumes were favorably impacted by increased unit train shipments, faster throughput at the company's in-basin terminals, and improved rail service, all of which led to improved delivery efficiencies for our customers. For the full year of 2014, total sales volumes were approximately 9.6 million tons, an increase of 27% compared with 2013. Overall 2014 raw sand volumes were 8.1 million tons, and coated...
read more >
February 3, 2015 Propel SSP Proppant Transport Technology Reduces Cost Per BOE by Increasing Stimulated Reservoir Volume
Latest Field Trial Data Continuing to Document Superior Proppant Transport Value Fairmount Santrol announced today at the SPE Hydraulic Fracturing Technology Conference the latest Propel SSP™ proppant transport technology field trial results. Collectively, these data document again how this technology is reducing cost per BOE by increasing the stimulated reservoir volume. Propel SSP proppant transport technology swells upon contact with water to decrease a proppant's effective specific gravity, allowing the proppant to go farther and higher into the formation. The increased stimulated reservoir volume reduces cost per barrel of oil equivalent. A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=30433 In an Escondido formation rich-gas play, an operator compared a 46% tail-in of Propel SSP technology coated on 30/50 Northern White sand with a slickwater design. The Propel SSP technology well boosted 60-day cumulative gas production by more...
read more >
February 2, 2015 Fairmount Santrol Adds Two Board Members
Fairmount Santrol (NYSE:FMSA) today announced the appointments of Michael C. Kearney and Stephen J. Hadden to the Company's Board of Directors, expanding the board's size to nine members. These appointments are effective immediately. "We are pleased to welcome Michael Kearney and Stephen Hadden to our Board of Directors," said Jenniffer Deckard, President and Chief Executive Officer. "Both have extensive experience within global organizations in the oil and gas industry and we value the additional and complementary perspectives they bring to our board. Together, we will continue to drive Fairmount Santrol's strategic priorities while remaining true to our strong commitment to sustainable development." Mr. Kearney has been a supervisory director of Core Laboratories N.V. ("Core Laboratories") since 2004, and has served as the chairman of its audit committee since that time. Core Laboratories , a Dutch company with global operations, is a leading provider of proprietary and patented...
read more >
January 23, 2015 Fairmount Santrol Receives Deal Maker Award
Fairmount Santrol (NYSE:FMSA) was recognized as one of Northeast Ohio's top corporate deal makers at the 19th Annual ACG Cleveland Deal Maker Awards held January 22, 2015 . The company was one of four winners of the 2015 Deal Maker Awards presented by ACG Cleveland, an organization of merger and acquisition and corporate growth professionals. The awards recognize Northeast Ohio companies for their success in using acquisitions, divestitures, financings and other transactions to fuel sustainable growth. "Fairmount Santrol is honored to receive this award. We congratulate all of the nominees and winners for their past successes and wish them well with their future opportunities," said Jenniffer Deckard , president and chief executive officer. "We have a long legacy of strategic growth through acquisition and investment, stemming from the vision of our founding partners, Bill Conway and Chuck Fowler . As we pursue future opportunities, we will do so while emphasizing the strength of...
read more >
December 4, 2014 Fairmount Santrol to Present at Wells Fargo 13th Annual Energy Symposium
Fairmount Santrol (NYSE:FMSA) today announced that Jenniffer Deckard , president and chief executive officer, and Christopher Nagel , chief financial officer, will present at the Wells Fargo 13 th Annual Energy Symposium. The presentation will be held at 1:45 p.m. Eastern Time on Wednesday, December 10, 2014 , in New York City . A webcast of the event, along with the Company's presentation, will be available that day on the investor relations portion of the Fairmount Santrol website, www.FairmountSantrol.com. About Fairmount Santrol Fairmount Santrol is a leading provider of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. The company also provides high-quality products, strong technical leadership and applications knowledge to end users in the foundry, building products, water filtration, glass, and sports and recreation markets. Its global logistics capabilities include a wide-ranging...
read more >
November 11, 2014 Fairmount Santrol Announces Record Third-Quarter 2014 Results
Quarterly Revenue of $373.5 Million Up 41% Over Prior Year Net Income of $54.1 Million, or $0.32 Per Diluted Share, More Than Double Prior Year; Adjusted Earnings Per Diluted Share of $0.35, Up 52% Over Prior Year Adjusted EBITDA of $116.9 Million Up 42% Over Same Period Last Year Raw Sand Volumes Up 37%, Coated Proppant Volumes Up 51% Over Prior Year Company Expects 2014 Full-Year Adjusted EBITDA in the Range of $390 Million to $395 Million Fairmount Santrol (NYSE:FMSA) today announced results for the third quarter ended September 30, 2014 . For the third quarter, net income was $54.1 million, or $0.32 per diluted share, compared with net income of $24.7 million, or $0.15 per diluted share, for the same period a year ago. Adjusted earnings per diluted share were $0.35, an increase of 52% over adjusted earnings per diluted share of $0.23 for the third quarter of last year. The increase in earnings was primarily due to a 37% increase in raw sand proppant volumes and a 51% increase in...
read more >
October 22, 2014 Fairmount Santrol Continues to Reduce Environmental Footprint at Oklahoma Resin-Coating Plants
New Railserve LEAF Gen-Set Locomotive Uses 50% Less Diesel Fuel Fairmount Santrol (NYSE:FMSA) announced today the company has deployed a Railserve LEAF ® Gen-Set locomotive at its Roff, Oklahoma , resin-coating plants, as part of a continuous commitment to a minimal operational footprint. The locomotive uses 50% less diesel fuel in less time to move six times the number of railcars around the two Roff property plants. The Railserve LEAF Gen-Set is reducing nitrogen oxide (NOx) emissions by 84% with the reduced fuel consumption. As a result, the air quality in the Roff community is improving. "As part of our permanent commitment to good corporate citizenship in the Roff community and all Fairmount Santrol locations, we continuously look for solutions that will reduce our environmental footprint," said Rob Bigbee , Roff plant manager. "The deployment of this new locomotive is another important example of our strategy in progress." The Roff plants, which receive Fairmount Santrol...
read more >
October 17, 2014 Favorable Permit Ruling Provides Fairmount Santrol With the Option to Expand Capacity at Its Wedron, Illinois, Facility
Fairmount Santrol (NYSE:FMSA) today announced that it has received a favorable permit ruling that gives the Company the option to expand the sand mining, processing and coating capacity of its Wedron, Illinois , operation. The permit ruling from the Illinois Environmental Protection Agency provides the Company with flexibility to expand the facility's current sand capacity from 4.4 million tons per year by up to an additional 3.5 million tons and also allows for increased coating capacity for its value-added products. The Wedron facility is one of the Company's largest and most successful in terms of serving broad customer needs and bringing new products to market. "This opportunity at our Wedron facility fits well with our growth strategy, which is focused on increasing sand capacity, developing industry-leading resin and coating technologies, expanding our logistics network, and continuing our commitment to sustainable development – all in a thoughtful and fully integrated manner,"...
read more >
October 15, 2014 Fairmount Santrol Announces Timing of Third-Quarter 2014 Earnings Release and Conference Call
Fairmount Santrol (NYSE:FMSA) announced today that it expects to release its third-quarter 2014 earnings before the New York Stock Exchange opens on Tuesday, November 11, 2014 . The Company will hold a conference call for investors on November 11, 2014 at 10 a.m. Eastern Time . The call will be hosted by Jenniffer Deckard , president and chief executive officer, and Christopher Nagel , chief financial officer. Investors are invited to listen to a live audio webcast of the conference call by visiting the Investor Relations section of the Company's website at www.fairmountsantrol.com. The webcast will be archived on the website following the call. The call can also be accessed live by dialing (877) 201-0168 or for international callers, (647) 788-4901. The passcode for the call is 21477314. A replay will be available shortly after the call and can be accessed by dialing (855) 859-2056 or (404) 537-3406. The passcode for the replay is 21477314. The replay of the call will be available...
read more >
October 3, 2014 Fairmount Santrol Announces Pricing of Initial Public Offering
Fairmount Santrol announced today the pricing of its initial public offering of 25,000,000 shares of common stock at $16.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the symbol "FMSA" on October 3, 2014 . The underwriters will have a 30-day option to purchase up to an additional 3,750,000 shares. The offering is expected to close on or about October 8, 2014 , subject to customary closing conditions. Morgan Stanley & Co. LLC; Wells Fargo Securities, LLC; Barclays Capital Inc.; Goldman, Sachs & Co.; Jefferies LLC; J.P. Morgan Securities LLC; KeyBanc Capital Markets Inc. and RBC Capital Markets, LLC are acting as book-running managers for the offering. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained by contacting: Morgan Stanley & Co. LLC
Attn: Prospectus Department
180 Varick Street , 2nd Floor
New York, NY 10014 Wells Fargo Securities, LLC Attn: Equity...
read more >
August 20, 2014 Fairmount Santrol Announces Confidential Submission Of Draft Registration Statement For Proposed Initial Public Offering
CHESTERLAND, Ohio, August 20, 2014 – Fairmount Santrol (formerly Fairmount Minerals) announced today that, as allowed under the Jumpstart Our Business Startups Act, or JOBS Act, the company has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The date, number of shares and price of the proposed offering have not yet been determined. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. As required by Rule 135, this press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification...
read more >

Fairmount santrol

Investor Inquiries: 440.279.0204 Media Inquiries: 440.279.0245 Oil & Gas - Proppant Solutions:
888.726.8765
Industrial & Recreation Inquiries:
800.255.7263

Career Opportunites

Receive Email Alerts

Email Address *
Mailing Lists *



 
Enter the code shown above.

Follow us