U.S. Silica -15.6% as it warns Q4 results hurt by weather, one-time costs

|About: U.S. Silica (SLCA)|By:, SA News Editor

U.S. Silica (SLCA) -15.6% premarket after issuing mixed guidance for Q4, seeing EPS of $0.31 vs. $0.43 analyst consensus estimate and revenue of $149.5M vs. $149.5M consensus.

Says Q4 results were hurt by severe weather which reduced well completion activity and drove higher costs, and by one-time costs which included a bad debt expense related to a customer bankruptcy; SLCA says volumes appear to have rebounded in January.

Says adjusted EBITDA guidance of $180M-$200M for FY 2014 reflects expectations of continuing growth, especially in its oil and gas business.