FREDERICK, Md.--(EON: Enhanced Online News)--U.S. Silica Holdings, Inc. (NYSE: SLCA) announced today that it has been named to Forbes’ 35th annual list of America’s Best Small Companies. U.S. Silica was ranked eighth out of 100 companies with annual sales under $1 billion. The rankings are based on return on equity, sales growth and earnings growth over the past year, as well as the past five years. Forbes also factors in stock performance versus each company’s peer group during the last 12 months.
“We’re very pleased to be acknowledged by an organization as prestigious as Forbes. I want to personally thank all of our key stakeholders and especially all of our employees for their hard work, dedication and many contributions to our current and future success.”
Bryan Shinn, president and chief executive officer of U.S. Silica, commented that, “We’re very pleased to be acknowledged by an organization as prestigious as Forbes. I want to personally thank all of our key stakeholders and especially all of our employees for their hard work, dedication and many contributions to our current and future success.”
He continued, “We also thank our partners and customers. With our partners, we have created a logistics infrastructure that continues to strengthen our oil and gas segment, our primary growth driver. This infrastructure uses a growing portfolio of plants and transload sites on multiple Class 1 rail lines to cost effectively provide frac sand proppant in-basin to our customers when and where they need it in every North American shale play. Our industrial and specialty products customers also deserve special gratitude. Teaming with them to develop products that meet their expanding silica needs has fueled the long-term success of U.S. Silica’s ISP business. We thank them all for their continued confidence and partnership.”
About U.S. Silica
U.S. Silica Holdings, Inc., a member of the Russell 2000, is one of the largest domestic producers of commercial silica, a specialized mineral that is a critical input into the oil and gas proppants end market. The company also processes ground and unground silica sand for a variety of industrial and specialty products end markets such as glass, fiberglass, foundry molds, municipal filtration and recreational uses. During its 100-plus year history, U.S. Silica Holdings, Inc. has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 250 products to customers across these end markets. U.S. Silica Holdings, Inc. is headquartered in Frederick, Maryland.