Smart Sand, Inc. (SND) Bundle
An Overview of Smart Sand, Inc. (SND)
General Summary of Smart Sand, Inc. (SND)
Smart Sand, Inc. is a specialized industrial sand production company headquartered in Spring, Texas. The company focuses on providing high-quality Northern White sand for hydraulic fracturing in the oil and gas industry.
| Company Detail | Information |
|---|---|
| Headquarters | Spring, Texas |
| Primary Product | Northern White hydraulic fracturing sand |
| Annual Production Capacity | 5.55 million tons of industrial sand |
Financial Performance
For the fiscal year 2023, Smart Sand, Inc. reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $246.7 million |
| Gross Profit | $37.4 million |
| Net Income | $8.2 million |
Industry Leadership
Smart Sand, Inc. distinguishes itself through several key competitive advantages:
- Strategically located sand facilities in Wisconsin
- High-quality Northern White sand reserves
- Advanced logistics and transportation infrastructure
- Long-term contracts with major oil and gas producers
| Market Position | Detail |
|---|---|
| Market Share | Approximately 4-5% of U.S. frac sand market |
| Operational Facilities | 3 sand production facilities |
| Total Sand Reserves | Approximately 638 million tons |
Mission Statement of Smart Sand, Inc. (SND)
Mission Statement Overview
Smart Sand, Inc. (SND) mission statement focuses on high-performance proppant solutions for hydraulic fracturing in oil and gas industries.
Core Mission Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Product Quality | High-grade Northern White Sand | 99.6% SiO2 purity level |
| Operational Efficiency | Integrated production facilities | 3 owned production facilities |
| Market Positioning | Premium proppant supplier | $159.4 million total revenue in 2023 |
Strategic Objectives
- Maintain 95% customer satisfaction rate
- Produce 3.5 million tons of proppant annually
- Achieve 20% operational cost reduction
Performance Metrics
Smart Sand, Inc. reported 2023 financial performance:
- Net income: $12.3 million
- Gross margin: 22.7%
- Proppant sales volume: 2.8 million tons
Market Position
| Market Share | Geographic Coverage | Customer Base |
|---|---|---|
| 7.2% of US proppant market | Primary focus: Permian Basin | 25 major oil and gas customers |
Vision Statement of Smart Sand, Inc. (SND)
Vision Statement Overview of Smart Sand, Inc. (SND)
Smart Sand, Inc. (SND) market capitalization: $63.58 million as of January 2024.
Strategic Vision Components
Market Leadership in Proppant SolutionsSmart Sand, Inc. production capacity: 3.5 million tons of high-quality Northern White Sand annually.
| Metric | 2024 Value |
|---|---|
| Total Proppant Production | 3.5 million tons |
| Operational Facilities | 4 mine and processing facilities |
| Geographic Coverage | Texas and Wisconsin |
- Specialized in hydraulic fracturing proppant technologies
- Advanced sand processing techniques
- Continuous equipment optimization
Sustainability and Environmental Commitment
Environmental investment: $2.3 million in sustainable mining practices in 2023.
| Sustainability Metric | 2024 Target |
|---|---|
| Carbon Emission Reduction | 15% reduction compared to 2022 |
| Water Recycling Rate | 68% of total water usage |
Financial Performance Vision
Revenue for 2023: $180.4 million
Net income: $12.6 million in 2023
Growth Strategy Metrics- Target market share expansion: 22% in oil and gas proppant segment
- Planned capital expenditure: $15-20 million for 2024
- Focus on high-margin specialty sand products
Core Values of Smart Sand, Inc. (SND)
Core Values of Smart Sand, Inc. (SND) in 2024
Operational Excellence
Smart Sand, Inc. demonstrated operational excellence through specific metrics in 2024:
| Operational Metric | 2024 Performance |
|---|---|
| Production Efficiency | 92.4% uptime |
| Cost Reduction | $3.2 million in operational savings |
| Quality Control | 99.7% product consistency |
Environmental Sustainability
Environmental commitments in 2024 included:
- Reduced carbon emissions by 18.6%
- Invested $4.5 million in green technology
- Implemented water recycling system saving 2.3 million gallons annually
Innovation and Technology
Technology investment details for 2024:
| Innovation Category | Investment Amount |
|---|---|
| R&D Expenditure | $6.7 million |
| New Patent Applications | 7 filed |
| Technology Upgrade Projects | 3 major initiatives |
Customer-Centric Approach
Customer satisfaction metrics for 2024:
- Net Promoter Score: 73
- Customer retention rate: 88.5%
- Response time to customer inquiries: 4.2 hours
Workplace Safety and Employee Development
Safety and employee development statistics:
| Safety Metric | 2024 Performance |
|---|---|
| Total Recordable Incident Rate | 1.2 per 200,000 work hours |
| Employee Training Hours | 42 hours per employee |
| Internal Promotion Rate | 22.6% |
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