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U.S. Silica Announces Timing of Earnings Release and Investor Call

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KATY, Texas, July 15, 2021 /PRNewswire/ — U.S. Silica Holdings, Inc. (NYSE: SLCA) announced today that it will release its second quarter 2021 financial results before the New York Stock Exchange opens on Thursday, July 29, 2021.

Conference Call

This release will be followed by a conference call for investors on Thursday, July 29, 2021 at 8:00 a.m. Central Time to discuss the results. Hosting the call will be Bryan Shinn, President and Chief Executive Officer, and Don Merril, Executive Vice President and Chief Financial Officer. Investors are invited to listen to a live webcast of the conference call by visiting the “Investor Resources” section of the Company’s website at www.ussilica.com. The webcast will be archived for one year. The call can also be accessed live over the telephone by dialing (877) 869-3847 or for international callers, (201) 689-8261. A replay will be available shortly after the call and can be accessed by dialing (877) 660-6853 or for international callers, (201) 612-7415. The conference ID for the replay is 13721444. The replay will be available through August 29, 2021.

About U.S. Silica 

U.S. Silica Holdings, Inc. is a global performance materials company and last-mile logistics provider and is a member of the Russell 2000 Index. The Company is a leading producer of commercial silica used in a wide range of industrial applications and in the oil and gas industry. Over its 121-year history, U.S. Silica has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 400 diversified product types to customers across its multiple end markets. U.S. Silica’s wholly owned subsidiaries include EP Minerals and SandBox Logistics™. EP Minerals is an industry leader in the production of products derived from diatomaceous earth, perlite, engineered clays, and non-activated clays. SandBox Logistics™ is a state-of-the-art leader in proppant storage, handling and well-site delivery, dedicated to making proppant logistics cleaner, safer and more efficient. The Company currently operates 24 mines and production facilities and is headquartered in Katy, Texas.

Investor Contact:
Patricia Gil
VP, Investor Relations
(281) 505-6011
[email protected]

SOURCE U.S. Silica Holdings, Inc.

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Source: https://www.prnewswire.com:443/news-releases/us-silica-announces-timing-of-earnings-release-and-investor-call-301335230.html

Energy

Sandvik to acquire premium solid round tools company Chuzhou Yongpu Carbide Tools Co., Ltd

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SANDVIKEN, Sweden, July 28, 2021 /PRNewswire/ — Sandvik has signed an agreement to acquire 67% of Chuzhou Yongpu Carbide Tools Co., Ltd, a China based premium solid round tools company, with a call option to buy the remaining part in three years’ time. Chuzhou Yongpu Carbide Tools Co., Ltd is mainly focused on global and local OEMs and connected suppliers operating in China. Its capabilities include the full solid round tools manufacturing value chain with an offer covering blanks, cutting tools, reconditioning and coating services. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

“The acquisition of Chuzhou Yongpu Carbide Tools Co., Ltd is part of our strategy for our machining solutions business to increase our market share and take a leading position in solid round tools, and at the same time expand further in the Asian market. We are looking forward to welcoming Chuzhou Yongpu Carbide Tools Co., Ltd to the Sandvik Group”, says Stefan Widing, President and CEO of Sandvik.

Chuzhou Yongpu Carbide Tools Co., Ltd will continue to operate under its own brand and focus on developing its offer and market share with the ambition to become a leading premium provider of solid round tools in China. The combined expertise and footprint of Sandvik Coromant and Chuzhou Yongpu Carbide Tools Co., Ltd will drive further geographical expansion in the region, particularly for cutting tools.

“We have long-term strategic commitment to strengthen and develop our business. China is a fast-growing market for solid round tools, and the acquisition of Chuzhou Yongpu Carbide Tools Co., Ltd will further strengthen our presence and enhance our offer to customers in this important region. With its premium position and strong customer focus, Chuzhou Yongpu Carbide Tools Co., Ltd is a great fit for Sandvik Machining Solutions”, says Nadine Crauwels, President of Sandvik Machining Solutions.

Chuzhou Yongpu Carbide Tools Co., Ltd is headquartered in Chuzhou, China, and has around 500 employees. It had revenues of approximately SEK 400 million for the twelve month period Q2 2020 to Q1 2021, an EBIT margin slightly dilutive to Sandvik Manufacturing and Machining Solutions. Impact on earnings per share will initially be neutral.

The transaction is expected to close during the third quarter of 2021.

For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sandvik/r/sandvik-to-acquire-premium-solid-round-tools-company-chuzhou-yongpu-carbide-tools-co–ltd,c3390114

The following files are available for download:

SOURCE Sandvik


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Energy

Burgess-Norton Receives Third Perfect Quality Award from Nexteer Automotive

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GENEVA, Ill., July 28, 2021 /PRNewswire/ — Burgess-Norton, an Amsted Automotive company, earned the Nexteer Automotive 2020 Perfect Quality Award, which recognizes companies that achieve zero quality claims over all product groups. The Burgess-Norton Beaver Dam, Wisconsin, facility received the award for setting the standard of exceptional quality performance, with a perfect delivery rating and zero defects for the 2020 calendar year. This facility manufactures powder metal parts for light vehicle and light truck components.

“We’re grateful to be recognized for supporting Nexteer’s goals, and to do so with perfect execution,” said Jeremy Holt, President of Amsted Automotive Group. “Burgess-Norton has built its reputation on quality and value. It’s through the dedication and hard work of our entire team at Beaver Dam that we can produce more than one million units per year with award-winning results. For the past four fiscal years, we have had 100-percent on-time shipping and, on average, a 97-percent rating on our quality scorecard.”

Nexteer Automotive is a global leader in advanced steering and driveline systems. Winners of its annual Perfect Quality Award are chosen from within its community of suppliers. This is the third time that Burgess-Norton has earned this award.

About Burgess-Norton
Founded in Geneva, Illinois, in 1903, Burgess-Norton built the core of its business on piston pins. It has produced millions of units for all types of internal combustion engines as well as many leading international customers throughout the automotive and truck markets.

In 1954, Burgess-Norton introduced powder metal technology. Over the years, it has established a global reputation for quality and value — a direct result of its commitment to develop innovative solutions for its customers in targeted markets including drivetrain and transmission. Company headquarters are in Geneva, Illinois.

About Amsted Automotive
Amsted Automotive was formed in 2021, bringing together Means Industries and Burgess Norton, to form a new and innovative technology team. The integration provides an expanded global presence with 16 facilities in North America, Asia and Europe to serve the global automotive customer base with a robust manufacturing footprint producing over 100 million components and assemblies annually. This group combines design and engineering expertise, strategically aligned to be a nimble leader in advanced metal-forming and powder metal manufacturing with electro-mechanical clutch design capabilities for electrified propulsion solutions – building on our integral role in global advanced automatic transmissions designed in North America, Europe, and Asia. 

Contact: Cole Quinnell
248-877-0590
[email protected]

SOURCE Amsted Automotive

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Source: https://www.prnewswire.com:443/news-releases/burgess-norton-receives-third-perfect-quality-award-from-nexteer-automotive-301342257.html

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Energy

HNRC Continues Aggressive Growth

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HOUSTON, July 28, 2021 /PRNewswire/ — Houston Natural Resources Corp. (OTC: HNRC) (“HNR or the Company”) continues its aggressive growth in 2021 with projections to substantially increase revenues and earnings over the next three years.

The company’s revenues have increased by more than 200% to $9,523,634 over the last three years with net income increasing by more than 300% to $2,973,320. The company’s portfolio companies have generated more than $30 million in revenue since 2016.

The company projects total combined revenues of $23 million and $12 million in earnings. The forward earnings per share are projected to be $0.77c per share compared to $0.19c per share for 2020. The company expects second quarter earnings to be in line with the projections. The company expects the strong revenues to come from new equipment that comes online in the third quarter, internal growth and acquisitions.

According to industry research, the S&P 500 Integrated Oil & Gas Index, forward earnings, & valuation, as of July 26,2021, is between 8x and 14x forward earnings. This would imply a target value for HNRC of $6.16 per share and $10.78 per share.

The Street Now has initiated coverage of the company with a strong buy recommendation.

The Company expects to complete a transaction in the third or fourth quarter of 2021 and anticipates the acquisition to be at least $100 million in revenue.

The Company’s management team is well positioned to identify attractive risk-adjusted returns in the marketplace through their contacts and transaction sources, ranging from industry executives, private owners, private equity funds, and investment bankers. Our management believes that its ability to identify and implement value creation initiatives will remain central to its differentiated acquisition strategy.

The Company intends to focus on realizing the value on the total of $9.67 per share in assets held by its subsidiaries for the benefit of the shareholders. The strategy may include asset sales, a spin-off of one or more of its subsidiaries and dividends to shareholders.

HNRC is a diversified holding company that has two subsidiaries, Houston Natural Resources, Inc (“HNRI”) and Worldwide Diversified Holdings, Inc (“WDHI”). HNRI owns oil and gas properties and a waste-water treatment plant. WDHI has business operations that provide products & services in the Information Technology & Healthcare markets. HNRC anticipates up listing onto OTCQX or major exchange. The company is preparing an SEC filing to become an SEC reporting company.

About Houston Natural Resources Corp

Houston Natural Resources Corp (www.HoustonNaturalResources.com) (OTC:HNRC). The Company is dedicated to increasing shareholder value through developing natural resources with state-of-the-art innovative technologies in tandem with sustainable environmental services of toxic oil field waste disposal and recycling that are environmentally safe and socially responsible. 

About Worldwide Diversified Holdings, Inc.

Worldwide Diversified Holdings, Inc.(www.wdhinc.net). The company is a diversified holding company with business operations and investments. The portfolio companies include investments in information technology and healthcare.

FORWARD-LOOKING STATEMENTS:

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.

Contact:
Houston Natural Resources Corp.
E-mail: [email protected]  
Houston Texas USA
757-707-4563

SOURCE Houston Natural Resources Corp.


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Source: https://www.prnewswire.com:443/news-releases/hnrc-continues-aggressive-growth-301342919.html

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Energy

Alpha to Announce Second Quarter 2021 Financial Results on August 6

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BRISTOL, Tenn., July 28, 2021 /PRNewswire/ — Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its second quarter 2021 financial results before the market opens on Friday, August 6, 2021.

The company also expects to hold a conference call to discuss its second quarter 2021 results at 10:00 a.m. Eastern time on August 6. Participating on the call will be Alpha’s chair and chief executive officer, David Stetson; president and chief financial officer, Andy Eidson; executive vice president and chief operating officer, Jason Whitehead; and executive vice president of sales, Dan Horn.

The conference call will be available live on the investor section of the company’s website at https://investors.alphametresources.com/investors. Analysts who would like to participate in the conference call should dial 866-235-9918 (domestic toll-free) or 412-542-4110 (international) approximately 15 minutes prior to the start of the call.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com.

Forward-Looking Statements

This press release includes forward-looking statements. These forward-looking statements are based on Alpha’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha’s control. Forward-looking statements in this press release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this press release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this press release may not occur.

SOURCE Alpha Metallurgical Resources, Inc.

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Source: https://www.prnewswire.com:443/news-releases/alpha-to-announce-second-quarter-2021-financial-results-on-august-6-301342712.html

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