Core Insights - Smart Sand, Inc. reported a total tons sold of approximately 1.2 million in Q3 2024, with revenues of $63.2 million, a net loss before income taxes of $(5.2) million, and adjusted EBITDA of $5.7 million [1][5][9]. Financial Performance - Tons sold in Q3 2024 were approximately 1,189,000, representing a 7% decrease sequentially and a 2% decrease year-over-year [4]. - Revenue for Q3 2024 was $63.2 million, down from $73.8 million in Q2 2024 and $76.9 million in Q3 2023, primarily due to lower sales volumes and average selling prices [5]. - The company experienced a net loss before income tax of $(5.2) million in Q3 2024, compared to a net income of $1.9 million in Q2 2024 and $4.8 million in Q3 2023 [6]. - Adjusted EBITDA decreased to $5.7 million in Q3 2024 from $11.9 million in Q2 2024 and $13.2 million in Q3 2023, mainly due to lower contribution margin per ton sold [9]. Cash Flow and Capital Management - Net cash provided by operating activities was $5.8 million in Q3 2024, down from $14.9 million in Q2 2024 and $12.5 million in Q3 2023 [10]. - Free cash flow for Q3 2024 was $3.7 million, with capital expenditures of $2.1 million [11]. - The company declared a special dividend of $0.10 per share and announced a share buyback plan of up to $10 million [12][13]. Strategic Initiatives - Smart Sand established a new five-year $30 million ABL credit facility with First Citizens Bank, providing flexible funding for future opportunities [2]. - The company is revamping its SmartSystem fleet configuration to enhance operational efficiency, with a rollout expected in early 2025 [7]. Market Outlook - The company remains optimistic about the long-term fundamentals of the oil and gas industry, anticipating strong demand for natural gas in the US and Canada, and increased oil activity in the Utica basin [3].

Core Viewpoint - The article emphasizes the importance of value investing and highlights Smart Sand (SND) as a strong value stock based on its financial metrics and Zacks ranking system [1][2][7] Company Overview - Smart Sand (SND) currently holds a Zacks Rank of 1 (Strong Buy) and has a Value grade of A, indicating strong potential for value investors [4] - The stock has a P/E ratio of 8.06, significantly lower than the industry average of 11.67, suggesting it may be undervalued [4] - SND's Forward P/E has fluctuated between a high of 41.69 and a low of -5,657.50 over the past year, with a median of 18.26 [4] Valuation Metrics - The P/S ratio for SND is 0.3, compared to the industry average of 0.81, reinforcing the notion of undervaluation [5] - SND has a P/CF ratio of 2.64, which is much lower than the industry's average of 7.26, indicating strong cash flow relative to its price [6] - Over the past 52 weeks, SND's P/CF has ranged from a high of 2.93 to a low of 1.76, with a median of 2.25 [6] Investment Outlook - The combination of SND's favorable valuation metrics and strong earnings outlook positions it as an impressive value stock currently [7]

Core Insights - The article emphasizes the importance of earnings estimates and revisions in identifying winning stocks, while also acknowledging the diverse strategies investors may adopt [1] - Value investing is highlighted as a particularly popular and successful strategy across various market conditions, utilizing established valuation metrics [2] Company Analysis - Smart Sand (SND) is identified as a strong candidate for value investors, currently holding a Zacks Rank of 1 (Strong Buy) and an A grade in the Value category [3] - SND has a Price-to-Sales (P/S) ratio of 0.32, significantly lower than the industry average of 0.86, indicating potential undervaluation [4] - The company also has a Price-to-Cash Flow (P/CF) ratio of 2.81, compared to the industry average of 7.86, further suggesting that SND may be undervalued based on its cash flow outlook [5] - The analysis indicates that SND's stock is likely undervalued, supported by a strong earnings outlook, making it an impressive value stock at present [6]

Core Viewpoint - Smart Sand reported better than expected performance in Q2 2024, with strong volumes, revenues, margins, EBITDA, and free cash flow despite a backdrop of weakening U.S. oilfield activity levels [1][3] Sales and Financial Performance - Tons sold in Q2 2024 reached 1.274 million, an 18% year-over-year growth, although sequentially it was down from a record 1.336 million in Q1 2024 [2] - Revenue for Q2 2024 was $73.8 million, reflecting a slight 1% decrease year-over-year and an 11% decrease sequentially [2] - Contribution margin per ton was $15.53, exceeding guidance and showing improvement from previous quarters [2] - EBITDA for Q2 2024 was $11.9 million, with an EBITDA margin of 16%, marking a 27% sequential growth [2] - Free cash flow for Q2 2024 was $13.5 million, a significant recovery from negative free cash flow in previous quarters [2] Operational Efficiency - The company implemented several efficiency measures that led to improved production costs and administrative expenses, positively impacting contribution margin, adjusted EBITDA, and free cash flow [3][7] - Management noted that they are operating at just over 50% of capacity, indicating potential for increased production as demand rises [2][7] Market Outlook - Smart Sand continues to see strong demand in its main operating basins, despite potential slowdowns in natural gas basins in the second half of the year [3][4] - The company is preparing to adjust operations in response to any slowdown in activity levels [3][4] - Long-term fundamentals for natural gas activity are viewed as strong, with expectations for increased activity in 2025 driven by LNG exports and power demand [4][9] Strategic Developments - Smart Sand plans to begin sales into the Ohio Utica in Q3 2024, targeting the oil window of the Utica [5] - The company is also expected to provide updates on sales volumes from the Bakken and Canada during the upcoming call [5] Financial Health - The balance sheet shows a low net debt to annualized EBITDA ratio of 0.1x, indicating ample liquidity [6] - There are discussions about potential return of capital, with a projected upturn in activity in 2025 possibly leading to a base dividend [6]

2Q 2024 total tons sold of approximately 1.3 million 2Q 2024 revenue of $73.8 million 2Q 2024 net income before income taxes $1.9 million 2Q 2024 adjusted EBITDA of $11.9 million YARDLEY, Penn., Aug. 13, 2024 /PRNewswire/ -- Smart Sand, Inc. (NASDAQ: SND) (the "Company" or "Smart Sand"), a fully integrated frac and industrial sand supply and services company, a low-cost producer of high quality Northern White frac sand, a proppant logistics solutions provider through both its in-basin transloading terminals ...

Core Viewpoint - Smart Sand, Inc. will release its first quarter financial results on August 13, 2024, and will hold a conference call for investors on August 14, 2024, to discuss these results and recent events [1]. Company Overview - Smart Sand is a fully integrated frac and industrial sand supply and services company, providing complete mine to wellsite proppant and logistics solutions [5]. - The company produces low-cost, high-quality Northern White sand, which is utilized as a proppant to enhance hydrocarbon recovery rates in hydraulic fracturing [5]. - Smart Sand's products are also used in various industrial applications, including glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf & landscaping, and recreation [5]. - The company operates premium sand mines and processing facilities in Wisconsin and Illinois, with access to four Class I rail lines, enabling product delivery across the United States and Canada [5].

Smart Sand, Inc. (NASDAQ:SND) Q1 2024 Earnings Conference Call May 14, 2024 10:00 AM ET Company Participants Christopher Green - Principal Accounting Officer, VP, Accounting Charles Young - CEO & Director Lee Beckelman - CFO William Young - COO Conference Call Participants Josh Jayne - Daniel Energy Partners Stephen Gengaro - Stifel Operator Good morning, ladies and gentlemen, and welcome to the Smart Sand Q1 2024 Earnings Call. [Operator Instructions]. This call is being recorded on Tuesday, May, 14, 2024 ...

Smart Sand, Inc. Announces First Quarter 2024 Results YARDLEY, Pennsylvania, May 13, 2024 – Smart Sand, Inc. (NASDAQ: SND) (the "Company" or "Smart Sand"), a fully integrated frac and industrial sand supply and services company, a low-cost producer of high quality Northern White frac sand, a proppant logistics solutions provider through both its in-basin transloading terminals and SmartSystems products and services and a provider of industrial product solutions, today announced results for the first quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ___ to ___ Commission file number 001-37936 SMART SAND, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 1000 Floral Vale Boulevard, Suite 225 FORM 10 ...

Smart Sand, Inc. (NASDAQ:SND) Q4 2023 Earnings Conference Call March 12, 2024 10:00 AM ET Company Participants Christopher Green - Vice President of Accounting Charles Young - Chief Executive Officer Lee Beckelman - Chief Financial Officer William John Young - Chief Operating Officer Conference Call Participants Stephen Gengaro - Stifel Luke Lemoine - Piper Sandler Jim Kostell - Cuyahoga Capital Blake McLean - Daniel Energy Partners Operator Good morning, ladies and gentlemen, and welcome to the Smart Sand, ...