U.S. Silica reports Q4 EPS 40c, consensus 36c

Reports Q4 revenue $412.93M, consensus $403.45M. Bryan Shinn, CEO, stated, "Our fourth quarter delivered a strong close to an exceptional year. During 2022, we successfully executed our strategic plan and delivered impressive bottom-line results while strengthening our balance sheet and positioning U.S. Silica for future success. In 2022, we significantly raised pricing across both segments to help offset inflation, we increased contract coverage while expanding margins in our Oil and Gas segment, and generated $262.7 million of cash flow from operations. We opportunistically used this cash to retire $150 million of long-term debt, effectively reducing our net leverage ratio to 2.2x at year-end. Financially and operationally, we reported impressive achievements during the year, as revenues increased 38%, Adjusted EBITDA grew 58%, and overall tons sold increased 14% year-over-year."