Smart Sand, Inc. Announces 3Q 2024 Results
YARDLEY, Pa., Nov. 12, 2024 /PRNewswire/ — Smart Sand, Inc. (NASDAQ: SND), a leading frac and industrial sand supply company, reported its financial performance for the third quarter of 2024. During this quarter, the company sold a total of approximately 1.2 million tons, generating $63.2 million in revenue. However, the net income before income taxes was $(5.2) million, and the adjusted EBITDA was $5.7 million.
Company Overview
Smart Sand, Inc. is known for being a low-cost producer of high-quality Northern White frac sand. Additionally, the company offers proppant logistics solutions through its in-basin transloading terminals and SmartSystemsTM products and services. Smart Sand also provides industrial product solutions to its customers.
Impact on Individuals
As a customer or investor of Smart Sand, Inc., the third-quarter results can have a direct impact on your financial well-being. The decrease in net income before income taxes may signal potential challenges for the company, which could affect stock prices and dividends for shareholders.
Global Implications
Smart Sand, Inc.’s performance in the third quarter of 2024 also has broader implications on the global market. As a key player in the sand supply industry, the company’s financial results could reflect trends in the energy sector and overall economic stability. This information may influence investment decisions for international investors and impact trade relationships between countries.
Conclusion
In conclusion, Smart Sand, Inc.’s announcement of its 3Q 2024 results sheds light on the company’s financial standing and market position. As stakeholders assess the implications of these numbers, it is essential to consider the potential impacts on individuals, the global economy, and future business strategies.
