Smart Sand Turns To Profit In Q4; Sees FY25 Sales Volume To Be Flat To Up 5%

(RTTNews) - Smart Sand, Inc. (SND) reported that it turned around to a profit in the fourth quarter, helped by strong revenue growth. Further, the sand supply and services company forecasts sequentially lower sales volume in the next quarter.

The company currently expect sales volumes for 2025 to be flat to up approximately 5% from 2024 levels.

Shares of the company were down 7 percent in after-hours trading.

In its fourth quarter, the company posted net income of $3.7 million or $0.10 per share, compared to net loss of $4.8 million or $0.12 per share in the same period last year.

Total revenues for the period came in at $91.4 million, higher than $61.9 million in the prior-year period. The company attributed the year-over-year high revenue growth to higher tons sold.

In the fourth quarter, the company sold 1.46 million tons, a 44 percent increase from 1.02 million tons sold in the same quarter a year ago.

Looking ahead, Smart Sand expects sales volumes to moderate in the first quarter due to the unusually robust nature of demand in the fourth quarter. Smart Sand expects activity to start picking back up going into the second quarter and for the remainder of 2025.

Smart Sand's Chief Executive Officer Charles Young said, "While we expect first quarter 2025 sales volumes to be down from the record fourth quarter results, we currently expect sales volumes for 2025 to be flat to up approximately 5 percent from 2024 levels and our contribution margin per ton to be at levels consistent with 2024."

On the Nasdaq, Smart Sand was down 7 percent on Monday's after-hours trading at $1.9717. The stock closed Monday's regular trade at $2.1100, down 2.3 percent.