FREDERICK, Md., May 14, 2018 /PRNewswire/ -- U.S. Silica
Holdings, Inc. (NYSE: SLCA) announced today that its Board of Directors has authorized a new $200
million share repurchase program and declared the Company's twenty-first consecutive quarterly cash dividend.
"The new $200 million repurchase authorization and dividend declaration reflect our commitment
to returning capital to our shareholders as part of a balanced capital allocation strategy," said Bryan
Shinn, president and chief executive officer. "As a result of our capacity expansion efforts and the continued strength of
our operating performance, we are confident in our ability to deliver strong free cash flow going forward. U.S. Silica is
uniquely positioned to redeploy our free cash flow to invest in our growth, manage our leverage and return significant capital to
shareholders as we work to deliver long-term value."
The timing and amount of any repurchases under the new authorization will be determined by management based on market
conditions and other considerations.
The quarterly cash dividend of $0.0625 per common share will be payable on July 6, 2018 to shareholders of record as of the close of business on June 15,
2018.
Forward-looking Statements
Certain statements in this press release are "forward-looking statements" made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 and speak only as of this date. Forward-looking statements made include
any statement that does not directly relate to any historical or current fact and may include, but are not limited to, statements
regarding U.S. Silica's growth opportunities, strategy, future financial results, forecasts, projections, plans and
capital expenditures, and the commercial silica industry. Forward-looking statements are based on our current expectations and
assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and
changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially and
adversely from these forward-looking statements. Among these factors are: (1) fluctuations in demand for commercial silica; (2)
the cyclical nature of our customers' businesses; (3) operating risks that are beyond our control; (4) federal, state and local
legislative and regulatory initiatives relating to hydraulic fracturing; (5) our ability to implement our capacity expansion
plans within our current timetable and budget; (6) loss of, or reduction in, business from our largest customers or failure of
our customers to pay amounts due to us; (7) increasing costs or a lack of dependability or availability of transportation
services or infrastructure; (8) our substantial indebtedness and pension obligations; (9) our ability to attract and retain key
personnel and truckload drivers; (10) silica-related health issues and corresponding litigation; (11) seasonal and severe weather
conditions; and (12) extensive and evolving environmental, mining, health and safety, licensing, reclamation, trucking and other
regulation (and changes in their enforcement or interpretation). Additional information concerning these and other factors can be
found in U.S. Silica's filings with the Securities and Exchange Commission. We undertake no obligation to publicly
update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise
required by law.
About U.S. Silica
U.S. Silica Holdings, Inc., a member of the Russell 2000, is a leading producer of commercial silica used in the oil and gas
industry, and in a wide range of industrial applications. Over its 118-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
260 products to customers across our end markets. The Company currently operates nine industrial sand production plants and eight
oil and gas sand production plants. The Company is headquartered in Frederick, Maryland and also has offices located
in Chicago, Illinois and Houston, Texas.
Contacts
Michael Lawson
Vice President of Investor Relations and Corporate Communications
301-682-0304
lawsonm@ussilica.com
Nick Shaver
Investor Relations Manager
281-394-9630
shavern@ussilica.com
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SOURCE U.S. Silica Holdings, Inc.