U.S. Silica Prices Will Increase Up To 20% On Industrial And Specialty Products
Portfolio Pulse from Benzinga Newsdesk
U.S. Silica Holdings, Inc. (NYSE:SLCA) announced a price increase of up to 20% for its Industrial and Specialty Products segment, effective July 1, 2024. The price hike aims to offset rising costs and support business reinvestment.
May 15, 2024 | 8:37 pm
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U.S. Silica Holdings, Inc. (NYSE:SLCA) will increase prices up to 20% for its Industrial and Specialty Products segment starting July 1, 2024. This move is to counteract rising costs and support reinvestment.
The price increase is likely to positively impact SLCA's revenue and profitability in the short term as it helps offset rising costs and supports reinvestment in the business.
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