Earnings Call Summary | Smart Sand(SND.US) Q1 2024 Earnings Conference
Earnings Call Summary | Smart Sand(SND.US) Q1 2024 Earnings Conference
The following is a summary of the Smart Sand, Inc. (SND) Q1 2024 Earnings Call Transcript:
以下是Smart Sand, Inc.（SND）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Smart Sand posted strong Q1 sales volumes with an increase of about 31% to 1.3 million tons.
There was a boost in contribution margin to $18.5 million, and adjusted EBITDA rose to $9.3 million, showing improvement over Q4 2023.
However, Q1 2024 saw negative free cash flow primarily due to increased working capital investments to support sales acceleration.
First quarter revenues increased to $83.1 million, up from $61.9 million in the previous quarter, attributed to higher sand sales volumes and smart system revenues.
Smart Sand公佈了強勁的第一季度銷量，增長了約31％，達到130萬噸。
繳款利潤率提高至1,850萬美元，調整後的息稅折舊攤銷前利潤增至930萬美元，與2023年第四季度相比有所改善。
但是，2024年第一季度自由現金流爲負，這主要是由於營運資本投資的增加以支持銷售加速。
第一季度收入從上一季度的6190萬美元增至8,310萬美元，這要歸因於沙子銷售量和智能系統收入的增加。
Business Progress:
業務進展：
The company is expanding its Northern White sand franchise, and opened two new terminals in Northeast Ohio, marking expansion in the Utica shale basin.
Improvements are being made to mining and processing operations, which will enhance yields and reduce costs.
Stable pricing is noted due to a balance of supply-demand, with potential price increases in the Canadian and Ohio markets.
The firm aims to grow the industrial segment to at least 10% in the next 2-3 years, signaling potential contracts in 2025 and 2026.
Increased interest is seen in Northern White sand, particularly from E&P companies in Texas targeting decline curves, offering potential significant benefits to Smart Sand.
該公司正在擴大其北部白沙特許經營權，並在俄亥俄州東北部開設了兩個新碼頭，標誌着尤蒂卡頁岩盆地的擴張。
正在改善採礦和加工業務，這將提高產量和降低成本。
由於供需平衡，價格穩定，加拿大和俄亥俄州市場可能出現價格上漲。
該公司的目標是在未來2-3年內將工業細分市場增長到至少10％，這預示着2025年和2026年可能會簽訂合同。
人們對北白沙越來越感興趣，尤其是德克薩斯州的勘探和生產公司瞄準下降曲線，這爲Smart Sand帶來了潛在的重大好處。
More details: Smart Sand IR
更多詳情： 智能沙灘紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。