This Week’s Market Buzz

• Fairmount Santrol released its 11th annual Corporate Social Responsibility (CSR) Report, “Staying True,” which highlights the company’s collective commitment to Sustainable Development (SD), as well as the many accomplishments of Fairmount Santrol Family Members in 2016. Family Members achieved 101 percent of the 2016 SD team goals and individual facilities achieved 97 percent of their SD goals, while shipping the highest volume of raw frac sand in the company’s history. The company also achieved zero waste at 27 of 31 facilities in operation, including the largest facilities; and donated $1.2 million to local communities, funding the health, wellness and education of the next generation as well as the health of the planet. “By Staying True to our long-standing belief that investing in People, Planet and Prosperity pays, our people remain inspired, our efficiency has improved and our stakeholders are reaping the benefits from both previous and current efforts. Core to who we are, we will continue to invest in the development of our people, ensuring that we have the talent required to lead our company as we look to 2017 and beyond,” said Jenniffer Deckard, president and chief executive officer.

• U.S. Silica Holdings Inc. announced net income of $2.5 million for the first quarter ended March 31, 2017, compared with a net loss of $11.0 million for the first quarter of 2016. ”I’m very pleased with the strong performances we saw from both of our operating segments during the quarter,” said Bryan Shinn, president and chief executive officer. ”Continued industry recovery and powerful secular trends are driving record demand for our products and services in Oil and Gas while our Industrial and Specialty Products segment continues to make great progress in growing its bottom line through a combination of strategic price increases and the roll out of more higher margin products.”

• CARBO Ceramics (CRR) reported revenue of $34.70 million in the year’s first quarter, compared to analyst’s expectations of $32.22 million. CRR’s revenue was up 4.8 percent compared to the same quarter last year.

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