Fairmount Santrol Wants to Play Catch-Up With Other Major Sand Producers
This quarter has been the breakout quarter for sand producers. After more than a year of negative results, Fairmount Santrol (NYSE: FMSA) joined its peers and posted positive net income for the second quarter. Also, like its peers, Fairmount opened up its checkbook to grow production capacity and meet the demand of America's shale renaissance.
Let's take a look at Fairmount's most recent earnings result. Also, let's dig into the details of Fairmount's new investment and what it could mean for the company and the frack sand market in general.
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Source: Fool.com
