Why Industrial Minerals Company U.S. Silica Shares Are Rocketing Today
Why Industrial Minerals Company U.S. Silica Shares Are Rocketing Today
U.S. Silica Holdings, Inc. (NYSE:SLCA) shares are trading higher after the company inked a deal to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) for around $1.85 billion.
美国二氧化硅控股公司（纽约证券交易所代码：SLCA）的股价走高，此前该公司签署了一项协议，将由阿波罗环球管理公司（纽约证券交易所代码：APO）的关联公司管理的基金以约18.5亿美元的价格收购。
M&A Deal: As per the deal, U.S. Silica shareholders will receive $15.50 per share in cash for each share they own, representing an 18.7% premium to its closing share price as of $13.06 on April 25 and a 33.0% premium to 90-day volume-weighted average share price for the period ended April 25.
并购交易：根据该交易，美国二氧化硅股东每持有一股将获得每股15.50美元的现金，较截至4月25日的收盘股价13.06美元溢价18.7％，比截至4月25日的90天成交量加权平均股价高出33.0％。
The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions. The agreement includes a 45-day "go-shop" period that will expire on June 10.
该交易预计将于2024年第三季度完成，但须遵守惯例成交条件。该协议包括45天的 “上市” 期，该期限将于6月10日到期。
Post deal completion, the company will no longer be listed on the New York Stock Exchange, and will become a private company.
交易完成后，该公司将不再在纽约证券交易所上市，并将成为一家私营公司。
Bryan Shinn, Chief Executive Officer, said, "By partnering with Apollo Funds, we gain significant resources, deep industry expertise and enhanced flexibility as a private company to pursue the many market opportunities in front of us and invest in innovative capabilities that enable value-added offerings for customers."
首席执行官布莱恩·希恩表示：“通过与阿波罗基金合作，作为一家私营公司，我们获得了大量资源、深厚的行业专业知识和更高的灵活性，可以抓住摆在我们面前的众多市场机会，投资于为客户提供增值产品的创新能力。”
Earnings: Also, the company reported first-quarter FY24 results, with adjusted EPS of $0.20, in line with the consensus, and sales of $325.9 million missed the consensus of $336.6 million.
收益：此外，该公司公布了24财年第一季度业绩，调整后的每股收益为0.20美元，符合市场共识，3.259亿美元的销售额未达到预期的3.366亿美元。
Total tons sold declined 17% Y/Y to 4.092 million in the quarter.
本季度总销量同比下降17％，至409.2万吨。
Operating cash flow stood at $40.9 million, and capital expenditures came in at $12.4 million in the quarter.
本季度运营现金流为4,090万美元，资本支出为1,240万美元。
As of March-end, the company had cash and cash equivalents of $234.5 million and total debt of $809.5 million.
截至3月底，该公司的现金及现金等价物为2.345亿美元，债务总额为8.095亿美元。
Shinn added, "In our Oil & Gas segment, volumes were up 5% sequentially, although our margins were impacted by slightly lower pricing, driven in part by lower natural gas prices."
Shinn补充说：“我们的石油和天然气板块的销量连续增长了5％，尽管我们的利润率受到价格略有下降的影响，部分原因是天然气价格下跌。”
Investors can gain exposure to the stock via Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) and SPDR Series Trust SPDR S&P Oil & Gas Equipment & Services ETF (NYSE:XES).
投资者可以通过景顺标普小型股能源ETF（纳斯达克股票代码：PSCE）和SPDR系列信托基金SPDR标普石油与天然气设备与服务ETF（纽约证券交易所代码：XES）获得股票敞口。
Price Action: SLCA shares are up 20.2% at $15.70 at the last check Friday.
价格走势：在周五的最后一次支票中，SLCA股价上涨20.2％，至15.70美元。
Image sourced from Shutterstock
图片来自 Shutterstock