Covia Reports Net Loss, Anticipates Improved Demand in 2019

Covia Corp of Independence, OH, the combination of Unimin Corp and Fairmount Santrol Holdings Inc, has announced a net loss from continuing operations of US$48.1 million for the fourth quarter ended December 31, 2018 on revenues of US$441.3 million compared with a net income of US$70.4 million on revenues of US$335.9 million in the fourth...

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Smart Sand Experiences Good Quarter, Despite Challenging Conditions

Smart Sand Partners LP of The Woodlands, TX has reported a fourth quarter net loss of US$4.4 million on revenues of US$52.2 million compared with a net income of US$10.9 million on revenues of US$43.0 million in the fourth quarter of 2017. Overall frac sand tons sold were approximately 610,000 tons in the latest quarter...

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INEOS Signs Agreement with Tronox for Cristal Ashtabula Assets

INEOS Enterprises of Germany has announced the signing of an agreement to acquire the North American business of National Titanium Dioxide Co Ltd (Cristal) from Tronox Ltd of England for US$700 million. Cristal’s North American business includes two plants located at the Ashtabula, OH complex. The deal forms the proposed remedy package submitted to the...

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Intrepid Benefits from Strong Potash Sales

Intrepid Potash Inc of Denver, CO has reported a 2018 net income of US$11.8 million on revenue of US$208.3 million in 2018 compared with a net loss of US$22.6 million on sales of US$177.9 million in 2017. The sales growth reflects higher sales in potash, water, magnesium chloride and brine, offset by lower sales of...

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Oil-Dri Confident Despite Disappointing Results

Oil-Dri Corp of America of Chicago, IL has announced a second quarter net income of US$2.2 million on net sales of US$69.9 million for the three months ended January 31, 2019 compared with a net loss of US$1.1 million on sales of US$68.9 million in the prior year period. Daniel S Jaffee, Oil-Dri’s CEO, said,...

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