CARBO Ceramics Inc. has emerged from Chapter 11 bankruptcy protection. This marks the successful and expeditious completion of CARBO’s financial restructuring process along with the implementation of the company’s Plan of Reorganization, which was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division on June 18.
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Carbo Revenues Rise in 2018
Carbo Ceramics Inc. reported financial results for the fourth quarter and fiscal year 2018. Revenue for 2018 of $211 million increased 12 percent compared to 2017, resulting from solid revenue growth in environmental, industrial and oilfield technology products and services.
Read MoreCarbo Sells Millen, Ga., Plant
Carbo Ceramics closed a $23 million deal to sell its Millen, Ga., plant to U.S. Silica. The plant makes ceramics proppants for hydraulic fracturing.
Read MoreCarbo Ceramics First-Quarter Revenue Increases 42 Percent
Carbo Ceramics Inc. reported financial results for the first quarter of 2018, including:
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• 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…
Read MoreCarbo Looks Ahead to Market Success
Carbo Ceramics Inc. reported adjusted net income of $16.1 million, or $0.70 per share, excluding certain asset write-downs and other adjustments of $15.7 million, or $0.68 per share, on revenues of $167.8 million for the quarter ended Dec. 31, 2014. Reported net income for the fourth quarter of 2014 was $0.4 million, or $0.02 per diluted share.
Read MoreNews Briefs – November 2014
According to the latest PacWest Consulting Partners ProppantIQ market study, North America proppant consumption is expected to increase at 23 percent per annum through 2016, from 80 billion lb. in 2013 to 153 billion lb. in 2016, with much of the growth occurring in frac sand consumption. Growth in proppant consumption is driven by an increasing number of horizontal wells…
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Frac sand in ambient air does not pose a health concern for Winona residents, according to the Winona Daily News. The first look at eight months’ worth of air monitoring data in downtown Winona, Minn., showed silica sand was, for the most part, undetectable. Only two samples taken from state monitors between January and August detected silica in the air,…
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According to the latest PacWest Consulting Partners ProppantIQ market study, North America proppant consumption is expected to increase at 23 percent per annum through 2016, from 80 billion lb. in 2013 to 153 billion lb. in 2016, with much of the growth occurring in frac sand consumption. Growth in proppant consumption is driven by an increasing number of horizontal wells…
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