More on Carbo Ceramics' (CRR -13.9%) Q1 miss: The current industry environment is "challenging"...

|By:, SA News Editor

More on Carbo Ceramics' (CRR -13.9%) Q1 miss: The current industry environment is "challenging" and low-cost Chinese ceramic imports continue to exert "pricing pressures." Low prices contributed to both a 10% Y/Y decline in revenues and a 46% Y/Y decline in profits, with higher distribution costs contributing to the latter as well. The outlook for Q2 remains tenuous due to "historic low" prices for Chinese ceramic proppant and seasonal factors. (PR)