CARBO Ceramics Inc. reported earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported revenues of $60,341,000 compared to $29,058,000 for the same period of last year. The increase was primarily attributable to increases in oilfield ceramic technology products, industrial ceramics, oilfield sand and environmental product revenues. Operating loss was $17,306,000 compared to $29,325,000 for the same period of last year. The decrease in operating loss was primarily attributable to increased sales combined with a reduction in certain fixed structural costs, and a decrease in slowing and idling expenses. Loss before income taxes was $18,884,000 compared to $30,905,000 for the same period of last year. Net loss was $17,384,000 compared to $15,197,000 for the same period of last year. Net loss per basic and diluted share was $0.65 compared to $0.57 for the same period of last year. LBITDA was $7,455,000 compared to $17,376,000 for the same period of last year. Adjusted LBITDA was $7,111,000 compared to $17,780,000 for the same period of last year. Net cash provided by operations was $1.3 million compared to cash used in operations of $12.7 million last year. 

For the year, the company reported revenues of $188,756,000 compared to $103,051,000 for the same period of last year. The increase was primarily attributable to increases in oilfield ceramic technology products, industrial ceramics, oilfield sand and environmental product revenues. Operating loss was $248,383,000 compared to $125,902,000 for the same period of last year. Loss before income taxes was $255,143,000 compared to $131,208,000 for the same period of last year. Net loss was $253,116,000 compared to $80,127,000 for the same period of last year. Net loss per basic and diluted share was $9.49 compared to $3.29 for the same period of last year. LBITDA was $203,161,000 compared to $77,322,000 for the same period of last year. Adjusted LBITDA was $49,432,000 compared to $70,378,000 for the same period of last year.

For the first half of 2018, the company expected revenue and operating cash will continue to show improvement in the first half of 2018 compared to the first half of 2017.