Carbo Ceramics bursts out of the gate after strong Q3 results

Shares of Carbo Ceramics (CRR +22.9%) skyrocket at the open after the supplier of ceramic proppant and resin-coated sand beat expectations for Q3 earnings and revenues.

The 33% Y/Y increase in total revenues is mainly attributed to a 48% rise in proppant sales volumes, offset by a 6% drop in the average proppant selling price; North American proppant sales volumes rose 63%, while international sales volumes fell 17%.

CRR says it is accelerating the planning stages of Millen Line 2, which will have a 250M lb./year capacity; a number of long-lead time items have already been purchased for the line.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs