Frac sand supplier U.S. Silica posts quarterly loss
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Feb 19 (Reuters) - Frac sand supplier U.S. Silica Holdings Inc reported a fourth-quarter loss on Tuesday, as the company recorded $265.7 million in impairment costs.
The miner, which supplies sand to U.S. shale producers for use in fracking, posted a net loss of $256.1 million, or $3.44 per share, in the fourth quarter ended Dec. 31, compared with net income of $72 million, or 88 cents per share, a year earlier.
Total sales fell to $357.4 million from $360.6 million. (Reporting by Shanti S Nair in Bengaluru; Editing by Sriraj Kalluvila)
