U.S. Silica Holdings, Inc. (NYSE:SLCA) Q2 2022 Earnings Conference Call July 29, 2022 8:30 AM ET
Company Representatives
Bryan Shinn - Chief Executive Officer
Don Merril - Executive Vice President, Chief Financial Officer
Patricia Gil - Vice President of Investor Relations
Conference Call Participants
Stephen Gengaro - Stifel
Connor Lynagh - Morgan Stanley
Derek Podhaizer - Barclays
Samantha Hoh - Evercore
John Daniel - Daniel Energy Partners
Operator
Greetings! And welcome to the U.S. Silica Second Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. A 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 you host, Ms. Patricia Gil, Vice President of Investor Relations. Thank you, please go ahead.
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 2022 earnings conference call. Leading the call today are our Chief Executive Officer, Bryan Shinn; 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 may refer to the non-GAAP measures such as adjusted EBITDA, segment contribution margin and our consolidated 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 and the consolidated leverage ratio.
And with that, I would now like to turn the call over to our CEO, Mr. Bryan Shinn.
Bryan Shinn
Thanks Patricia and good morning everyone. We delivered an exceptional second quarter with outstanding sales volume, revenue, earnings and cash generation across the company. By capitalizing on the strength in our underlying markets and improved operational efficiencies we generated 77% sequential increase in adjusted EBITDA and $88 million of cash flow from operations. We continue to experience robust customer demand during the quarter and we implemented numerous price increases and surcharges across both business units to fight inflationary impacts.