U.S. Silica Holdings, Inc. (NYSE:SLCA) Q2 2023 Earnings Conference Call July 28, 2023 8:30 AM ET

Company Participants

Patricia Gil - Vice President-Investor Relations

Bryan Shinn - Chief Executive Officer

Don Merril - Executive Vice President & Chief Financial Officer

Conference Call Participants

Stephen Gengaro - Stifel

Derek Podhaizer - Barclays

John Daniel - Daniel Energy Partners

Operator

Good morning, and welcome to the U.S. Silica Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Patricia Gil, Vice President of Investor Relations and Sustainability. Please go ahead, ma'am.

Patricia Gil

Thank you, and good morning, everyone. I'd like to thank you for joining us today for U.S. Silica's second quarter 2023 earnings conference call. Leading the call today are Bryan Shinn, our Chief Executive Officer; and Don Merril, our Executive Vice President and Chief Financial Officer.

Before we begin, I would like to remind you of our standard cautionary remarks regarding the forward-looking nature of some of the statements that will be made today. Such forward-looking statements, which are predictions projections or other statements about future events are based on current expectations and assumptions, which are subject to certain risks and uncertainties. For a complete discussion of these risks and uncertainties, we encourage you to read the company's press release and our documents on file with the SEC. We do not undertake any duty to update any forward-looking statements. Additionally, we've provided supplemental materials on our website in the Investors section to accompany today's discussion.

On today's call we may refer to non-GAAP measures such as adjusted EBITDA, segment contribution margin, net debt and net leverage ratio during this call. Please refer to today's press release or our public filings for a full reconciliation of adjusted EBITDA to net income and discussions of segment contribution margin net debt and the net leverage ratio.

I would now like to turn the call over to our CEO, Mr. Bryan Shinn.

Bryan Shinn

Thanks, Patricia and good morning, everyone. In the second quarter, U.S. Silica continued to strengthen our balance sheet and provide innovative and differentiated products to the markets and customers that we serve. We reported robust adjusted EBITDA and generated meaningful cash flow from operations in the quarter, which enabled us to extinguish an additional $25 million of debt.