Brief: Smart Sand Reports break-even Q1 EPS

Smart Sand

05/05/2020 23:08

May 5 (Reuters) - Smart Sand Inc  SND.O :
    * SMART SAND, INC. ANNOUNCES FIRST QUARTER 2020 RESULTS
    * Q1 EARNINGS PER SHARE $0.00
    * Q1 REVENUE $47.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$58.1
MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $0.04 -- REFINITIV IBES
DATA
    * SMART SAND - HAVE PUT IN PLACE SEVERAL COST-CUTTING
MEASURES,
INCLUDING HEADCOUNT REDUCTIONS AT OAKDALE & SASKATOON, CANADA
OPERATING FACILITIES
    * COST-CUTTING MEASURES INCLUDE SALARY REDUCTIONS AND
SUSPENSION
OF VARIABLE CASH COMPENSATION PROGRAMS FOR ALL EMPLOYEES
    * DREW $6.0 MILLION ON ABL CREDIT FACILITY
    * SEES FULL YEAR 2020 CAPITAL EXPENDITURES WILL BE
APPROXIMATELY
$5.0 MILLION TO $10.0 MILLION

Source text for Eikon:  ID:nGNX4LYLw5 
Further company coverage:  SND.O 

 ((Reuters.Briefs@thomsonreuters.com;))