BNET Industries

Carbo Ceramics Inc.

(CRR) is in the Manufacturing Industry

Market Cap:$1.3B
Last Fiscal Year Sales:$387.8M
  • Public
  • US
Dow Jones Description

CARBO Ceramics Inc. (the Company) is the worlds largest supplier of ceramic proppant, the provider of the worlds most popular fracture simulation software, and a leading provider of fracture design, engineering and consulting services. On October 10, 2008, the Company completed the sale of its fracture and reservoir diagnostics business to Halliburton Energy Services, Inc. Because of the transaction, the results of this business have been accounted for as discontinued operations. Continuing operations include the Companys ceramic proppant, software, consulting services and geotechnical monitoring businesses. The Company sells the majority of its products and services to operators of oil and natural gas wells and to oilfield service companies to help increase the production rates and the amount of oil and natural gas ultimately recoverable from these wells. The Companys products and services are primarily used in the hydraulic fracturing of natural gas and oil wells. The Company was incorporated in 1987 in Delaware.

President and Chief Executive Officer
Gary Kolstad
Number of Employees 648
Contact Information

6565 MacArthur Blvd Ste 1050

Irving, Texas 75039-2496

carboceramics.c...

(972) 401-0090

NAICS Code All Other Miscellaneous Nonmetallic Mineral Product Manufacturing: 327999

Recent Events

  • CARBO Announces Sigmund L. Cornelius Elected to Board of Directors

    11/17/09 - Board Member - Entering - View Story

  • BMO Capital Downgrades CARBO Ceramics CRR to Market Perform

    10/19/09 - Bond / Stock Rating - View Story

  • UPDATE 1-Carbo Ceramics, Cameron Q3 may top view: Pritchard

    10/14/09 - Bond / Stock Rating - View Story

  • UPDATE 2-Carbon Ceramics Q3 beats market, shares jump

    10/29/09 - Financial Announcement - View Story

  • Carbo Ceramics buys BBL Falcon

    10/05/09 - Merger / Acquisition - View Story

  • Carbo Ceramics buys BBL Falcon

    10/05/09 - Merger / Acquisition - View Story

  • CARBO Ceramics Inc reports dividend of USD0.18 per share

    9/23/09 - Stock Split / Dividend - View Story

  • Morgan Stanley Downgrades CARBO Ceramics CRR to Underweight

    9/14/09 - Bond / Stock Rating - View Story

  • Carbo Ceramics 2Q profit down on rig count decline

    7/30/09 - Financial Announcement - View Story

  • CARBO Ceramics Announces Second Quarter Dividend Increase

    7/21/09 - Stock Split / Dividend - View Story

News & Analysis

carbo ceramics inc. - All News and Analysis

  • Carbo Ceramics Inc. Q2 2008 Earnings Call Transcript

    Seeking Alpha - 2008-08-05

    Question-and-Answer SessionOperator Operator Instruction. We will pause momentarily to assemble our roster. Your first question will come from the line of Jeff Tillery with Tudor, Pickering. Jeff Tillery - Tudor, Pickering Hi, good morning. Gary Kolstad Good morning, Jeff. Jeff Tillery - Tudor, Pickering You mentioned just in your...

    Tags: Carbo Ceramics Inc.

  • CARBO Ceramics Inc. Q1 2008 Earnings Call Transcript

    Seeking Alpha - 2008-04-28

    Question-and-Answer Session Operator Operator instructions Our first question comes from James West with Lehman Brothers. James West – Lehman Brothers Hey, good morning, Gary. Gary Kolstad Good morning. James West – Lehman Brothers With the increased traction around the CARBOHYDROPROP technology, given...

    Tags: Carbo Ceramics Inc.

  • CARBO Ceramics Inc. Q4 2007 Earnings Call Transcript

    Seeking Alpha - 2008-02-01

    Question-and-Answer SessionOperator We will now being the question-and-answer session. Operator Instructions Your first question comes from the line of James West with Lehman Brothers. James West - Lehman Brothers Hey. Good morning, Gary. Gary Kolstad Good morning. James West - Lehman Brothers On the new products CARBOHYDROPROP, how many...

    Tags: Carbo Ceramics Inc.

Decision Makers

Name (plus bio) Position
Gary Kolstad President and Chief Executive Officer
Ann J. Bruder Secretary & Chief Compliance Officer, Chief Counsel
Ernesto Bautista III Chief Financial Officer
R. Sean Elliott General Counsel, Secretary & Chief Compliance Officer
Christopher A. Wright Vice President, Business. Dev.
David G. Gallagher Vice President, Marketing and Sales
Kevin Fisher Vice President
M. Kevin Fisher President, Pinnacle Technology & Vice President
Marc Kevin Fisher Vice President
Mark L. Edmunds Vice President, Operations
Brian Davidson Commercial Director
Claude Krause Manager, Market Development
Eduardo Velez Manager, Marketing, Mexico & S America & Sales
Kenn Johnson Manager, Marketing, Europe, Middle East & Africa & Sales
Simon Hao Manager, Marketing, People's Republic of China & Sales
Thomas H. McGuigan Manager, Sales, N America
Tony Graves Manager, Marketing, Australia, Asia & Pacific Rim & Sales
Debra Hildebrandt Coordinator, Marketing Services

Board of Directors

Name (plus bio) Position
Robert S. Rubin Chairman
Chad C. Deaton Board of Directors
Claude E. Cooke Jr. Board of Directors
E Claude Jr Board of Directors
H.E. Lentz Jr. Board of Directors
Henry E. Lentz Board of Directors
James B Jennings Board of Directors
John J. Murphy Board of Directors
Paul G. Vitek Board of Directors
Randy L. Limbacher Board of Directors
Roberts S. Rubin Board of Directors
William C. Morris Board of Directors

Mr. Kolstad was appointed President and Chief Executive Officer of the Company as of June 1, 2006. He has more than twenty years of experience in the industry and was with Schlumberger, Ltd. (an oilfield service provider), from 1985-2006, serving in numerous domestic and international leadership positions in operations as well as marketing and sales. Mr. Kolstad recently held positions with Schlumberger as Vice President, Oilfield Services – U.S. Onshore, and Vice President, Global Accounts. Mr. Kolstad was elected to the Board of Directors in 2006.

Organization Position Status
CARBO Ceramics, Inc. President and Chief Executive Officer Current
CARBO Ceramics, Inc. Board of Directors Current

Organization Position Status
CARBO Ceramics, Inc. Secretary & Chief Compliance Officer, Chief Counsel Current

Ernesto Bautista III (age 37) joined the Company as a Vice President on January 1, 2009, and was appointed Chief Financial Officer effective January 20, 2009. From July 2006 until joining the Company, Mr. Bautista served as Vice President and Chief Financial Officer of W-H Energy Services, Inc., a Houston, Texas based diversified oilfield services company ( W-H Energy ). From July 2000 to July 2006, he served as Vice President and Corporate Controller of W-H Energy. From September 1994 to May 2000, Mr. Bautista served in various positions at Arthur Andersen LLP, most recently as a manager in the assurance practice, specializing in emerging, high growth companies. Mr. Bautista is a certified public accountant in the State of Texas.

Organization Position Status
CARBO Ceramics, Inc. Chief Financial Officer Current
W-H Energy Services, Inc. Chief Financial Officer Former
W-H Energy Services, Inc. Vice President Former

Organization Position Status
CARBO Ceramics, Inc. General Counsel, Secretary & Chief Compliance Officer Current
CARBO Ceramics, Inc. General Counsel Former

Organization Position Status
CARBO Ceramics, Inc. Vice President, Business. Dev. Current

David G. Gallagher was appointed Vice President, Marketing and Sales on April 16, 2007. He has more than 26 years of experience in the oilfield service industry with Schlumberger, Ltd. Within Schlumberger Oilfield Services business, Mr. Gallagher served as Schlumberger Dowell Director of Product Development for Stimulation and Intervention Technologies, Director of Marketing for Schlumberger land division and most recently served as Director of Marketing for Venezuela, Trinidad and the Caribbean. Mr. Gallagher earned a Bachelor of Engineering degree from the University of New Mexico.

Organization Position Status
CARBO Ceramics, Inc. Vice President, Marketing and Sales Current

Organization Position Status
CARBO Ceramics, Inc. Vice President Current

Organization Position Status
CARBO Ceramics, Inc. President, Pinnacle Technology & Vice President Current

Organization Position Status
CARBO Ceramics, Inc. Vice President Current

Mark L. Edmunds has been the Vice President, Operations for CARBO Ceramics since April 2002. From 2000 until joining the company, Mr. Edmunds served as Business Unit Manager and Plant Manager for FMC Corporation. Prior to 2000, Mr. Edmunds served Union Carbide Corporation and the Dow Chemical Corporation in a variety of management positions, including Director of Operations, Director of Internal Consulting and Manufacturing Operations Manager.

Organization Position Status
CARBO Ceramics, Inc. Vice President, Operations Current

Organization Position Status
CARBO Ceramics, Inc. Commercial Director Current

Organization Position Status
CARBO Ceramics, Inc. Manager, Market Development Current

Organization Position Status
CARBO Ceramics, Inc. Manager, Marketing, Mexico & S America & Sales Current

Organization Position Status
CARBO Ceramics, Inc. Manager, Marketing, Europe, Middle East & Africa & Sales Current

Organization Position Status
CARBO Ceramics, Inc. Manager, Marketing, People's Republic of China & Sales Current

Organization Position Status
CARBO Ceramics, Inc. Manager, Sales, N America Current

Organization Position Status
CARBO Ceramics, Inc. Manager, Marketing, Australia, Asia & Pacific Rim & Sales Current

Organization Position Status
CARBO Ceramics, Inc. Coordinator, Marketing Services Current

Mr. Rubin has served as a Senior Vice President of JPMorgan Chase & Co. (a New York-based financial holding company) (“JP Morgan”) and a predecessor firm since 2001.

Organization Position Status
CARBO Ceramics, Inc. Chairman Current

Chad C. Deaton is Chairman, President and Chief Executive Officer of Baker Hughes Incorporated since he joined the company in October 2004. Before coming to Baker Hughes, he served as President, Director and Chief Executive Officer of Hanover Compressor Company from August 2002 until October 2004. He was with Schlumberger Oilfield Services for most of his career from 1976 until 2001, where he held positions in the United States and internationally. Mr. Deaton's last position with Schlumberger was Executive Vice President of Oilfield Services. He is a director of CARBO Ceramics, Inc. and Ariel Corporation. He is a member of the Society of Petroleum Engineers' Industrial Advisory Council. He is also active in numerous charitable and civic organizations, sitting on the Boards of Houston Achievement Place, Junior Achievement of Southeast Texas, and the Greater Houston Partnership. A native of Wyoming, Chad earned a BS in geology from the University of Wyoming.

Organization Position Status
Baker Hughes Incorporated Chief Executive Officer Current
Baker Hughes Incorporated Chairman of the Board Current
CARBO Ceramics, Inc. Board of Directors Current
Houston Achievement Place Board Member Current
Ariel Corporation Board Director Current
Greater Houston Partnership Board Member Current
Exterran Holdings, Inc. Chief Executive Officer Former
Exterran Holdings, Inc. President Former
Schlumberger Oilfield Services Executive Vice President of Oilfield Services Former
Exterran Holdings, Inc. Director Former
University of Wyoming BS Former

Organization Position Status
CARBO Ceramics, Inc. Board of Directors Current

Organization Position Status
CARBO Ceramics, Inc. Board of Directors Current

Chairman of the Board of Directors of Rowan Companies, Inc. Formerly Managing Director of Barclays Capital, an investment banking firm and successor to Lehman Brothers, from September 2008 to March 2009. In March 2009, Mr. Lentz accepted a position as Managing Director of Lazard Fr?res & Co (an investment banking firm), commencing in June 2009. Managing Director of Lehman Brothers from 1993 to 2002; consultant to Lehman in 2003 and Advisory Director of Lehman from 2004 to September 2008. He also serves on the board of Peabody Energy Corp.

Organization Position Status
CARBO Ceramics, Inc. Board of Directors Current

Organization Position Status
Peabody Energy Corporation Independent Director, Advisory Director Current
Rowan Companies, Inc. Non-Executive Chairman Current
Peabody Energy Corporation Board of Directors Current
CARBO Ceramics, Inc. Board of Directors Current
Barclays Capital Managing Director Former

Organization Position Status
Nextpression, Inc. Senior Vice President, Technology Current
Hunt Oil Company Chairman Current
CARBO Ceramics, Inc. Board of Directors Current
Huntmx Board of Directors Current
RRH Corporation President Former
Guyana Hunt Oil Company Inc President Former
Hunt Oil Company Executive Vice President Former
Shell Oil Company Geophysicist Former
Hunt Consolidated Inc. Chairman Former
The Dallas Petroleum Club Director Former
Purdue University master's in physics Former
Trinity University bachelor's degree in mathematics Former

Organization Position Status
W.R. Grace & Company Class II Director Current
Shawcor Ltd Director Current
Coastal Energy Company Inc. Director Current
CARBO Ceramics, Inc. Board of Directors Current

Organization Position Status
CARBO Ceramics, Inc. Board of Directors Current
CARBO Ceramics, Inc. Senior Vice President of Finance and Administration and Chief Financial Officer Former

Since November 2007, Mr. Limbacher has served as President and Chief Executive Officer and a Director of Rosetta Resources, Inc. (a Houston-based oil and natural gas company). From April 2006 until November 2007, Mr. Limbacher held the position of President, Exploration and Production — Americas for ConocoPhillips (a Houston-based energy company). Prior to that time, Mr. Limbacher spent over twenty years with Burlington Resources Inc. (a Houston-based oil and natural gas company), where he served as Executive Vice President and Chief Operating Officer from 2002 until acquired by ConocoPhillips in April 2006. He was a Director of Burlington Resources from January 2004 until the sale of the company.

Organization Position Status
CARBO Ceramics, Inc. Board of Directors Current

Organization Position Status
CARBO Ceramics, Inc. Board of Directors Current

Organization Position Status
J&W Seligman Inc. Director and Chairman Current
Tri-Continental Corporation Chairman of the Board Current
CARBO Ceramics, Inc. Board of Directors Current
Tribotek Inc Board of Directors Current
Kerr-McGee Corporation Director Former

Executive News

  • Options Spotlight: AmeriCredit Corp.

    Schaeffers Research - 9/04/09 - View Story

  • InvestorSoup.com issues Technical Trading Outlook for BJ Services Company

    EMAILWIRE.com - 9/03/09 - View Story

  • InvestorSoup.com Issues Technical Trading Outlook for BJ Services Company

    TradingMarkets - 9/03/09 - View Story

  • Atheros Communications Inc.'s Momentum Defies Skeptics

    Schaeffers Research - 9/02/09 - View Story

  • Baker Hughes agrees to acquire BJ Services for $5.5 billion

    Denver Post - 9/01/09 - View Story

  • Oil Patch may get more consolidation

    TradingMarkets - 9/01/09 - View Story

  • Baker Hughes to buy BJ Services for $5.5 billion

    SmartBrief - 9/01/09 - View Story

  • Baker Hughes to Create Oilfield Giant

    The Wall Street Journal Interactive Edition - 9/01/09 - View Story

  • Baker Hughes buys BJ Services

    Shanghai Daily - 9/01/09 - View Story

  • Baker Hughes agrees to buy BJ Services

    Red Orbit - 9/01/09 - View Story

  • Baker Hughes to purchase BJ Services in deal valued at US$5.5 billion (US-Baker-Hughes-BJ-Se)

    Oilweek Magazine - 8/31/09 - View Story

  • Baker Hughes, BJ Services announce merger

    Fort Worth Business Press - 8/31/09 - View Story

  • Baker Hughes to buy BJ Services in $5.5B deal

    Texas Cable News - 8/31/09 - View Story

  • Don't Buy The Acquirers

    Forbes.com - 8/31/09 - View Story

  • Mickey, Iron Man Boost August Deals

    CFO.com - 8/31/09 - View Story

  • RPT-UPDATE 5-Baker Hughes to buy BJ Services for $4.9 bln

    CNBC - 8/31/09 - View Story

  • Baker Hughes to buy BJ Services for $5.5b

    Boston Globe - 8/31/09 - View Story

  • UPDATE 5-Baker Hughes to buy BJ Services for $4.9 bln

    Forbes.com - 8/31/09 - View Story

  • Baker Hughes to buy BJ Services in $5.5B deal

    The Olympian - 8/31/09 - View Story

  • Baker Hughes to buy BJ Services for $4.9 billion

    Reuters - 8/31/09 - View Story

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     CRR $59.11 -0.43 (-0.72% )
Average Volume 365,952
Shares Outstanding 23.06M
Market Cap 1.4B
Year High 65
Year Low 26.33
Earnings Per Share 2.58
P/E Ratio 22.91
Dividend 0.72
Yield 1.22
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