HOUSTON, Jan. 19, 2016 /PRNewswire/ -- CARBO Ceramics Inc.
(NYSE: CRR) announced today that its Board of Directors has decided
to suspend the payment of a dividend. The Board of Directors
will continue to evaluate the dividend on an ongoing basis.
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Gary Kolstad, President and CEO
of CARBO, said "The decision by the Board of Directors to suspend
the dividend was not an easy one given the importance of the
dividend to our shareholders. However, it is necessary to
continue to take measures to preserve cash during this prolonged
industry downturn."
Fourth Quarter Conference Call Details
The Company also plans to release earnings results for the 2015
fourth quarter and year end on January 28,
2016, and will host a conference call at 10:30 a.m. Central Time (11:30 a.m. Eastern) that day. Gary Kolstad, President and CEO, and
Ernesto Bautista, III, Vice
President and CFO, will host the call.
Due to historical high call volume, the company is offering
participants the opportunity to register in advance for the
conference through the following
link:
http://dpregister.com/10078283
Registered participants will immediately receive an email with a
calendar reminder and a dial-in number and PIN that will allow them
immediate access to the call on January 28,
2016.
Participants who do not wish to pre-register for the call may
dial in using (877) 232-2832 (for U.S. callers), (855) 669-9657
(for Canadian callers) or (412) 542-4138 (for International
callers) and ask for the "CARBO Ceramics" call. The conference call
also can be accessed through the company's website,
www.carboceramics.com.
A telephonic replay of the earnings conference call will be
available through February 4, 2016 at
9:00 a.m. Eastern Time. To access the
replay from the U.S., please dial (877) 344-7529 and Canada 855-669-9658; international callers
outside North America should dial
(412) 317-0088. Please reference conference number 10078283.
Interested parties may also access the archived webcast of the
earnings teleconference through the company's website approximately
two hours after the end of the call.
About CARBO
CARBO focuses on integrating technologies to produce engineered
solutions in its Design, Build, and Optimize the
Frac® technology businesses, delivering important value to
E&P operators by increasing well production and EUR.
For more information, please visit www.carboceramics.com.
Investor Contact:
Mark
Thomas, Director, Investor Relations
(281) 921-6400
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SOURCE CARBO Ceramics Inc.