CARBO Ceramics Up Big

CARBO Ceramics (NYSE: CRR  ) is up big since reporting earnings last week, despite falling slightly short of last year's Q3 results. Sales are down, but only 3% year over year. This outcome was to be expected, considering that CARBO's total number of land rigs is down 10%, with natural gas rigs almost at a 14-year low. Furthermore, more than 20% of revenue comes from Schlumberger (NYSE: SLB  ) and Halliburton (NYSE: HAL  ) , both of which reported recently and revealed North America as the location of their most significant slowdowns.

While none of this comes as a huge surprise, the big story out of CARBO's earnings report is its international sales surge, up a staggering 33%. Many are moving away from Chinese Intermediate Density Ceramic, the lower-quality "generic" alternative, in favor of CARBO Ceramics, which shows that the company's branding is paying off in a major way. Check out the following video for details on the full story, including what to expect from CARBO going forward.

One thing to keep in mind is that with the swelling of the global middle class, energy consumption is set to skyrocket over the next few decades. Long-term investors know that you want exposure to this space now. The Motley Fool has selected one incredible natural gas company that presents a rare "double play" investment opportunity, and you're invited to read about it today in our premium research report, "The One Energy Stock You Must Own Before 2014." This is a 100% free but limited-time offer, so don't miss out -- click here now to claim your copy and start reading today.

Joel South owns shares of Schlumberger and Halliburton. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of CARBO Ceramics, Halliburton, and Heckmann and has options on Heckmann. Motley Fool newsletter services recommend Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2081022, ~/Articles/ArticleHandler.aspx, 10/30/2014 11:32:40 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement