IRVING, Texas, July 17 /PRNewswire-FirstCall/ -- CARBO Ceramics Inc. , the world's leading manufacturer of ceramic proppants for use in the hydraulic fracturing of natural gas and oil wells and the leading supplier of fracture and reservoir diagnostic services, announced today that its Board of Directors has increased the company's dividend for the second quarter of 2007 by 17 percent compared to the previous quarter. A dividend of $0.14 per share will be payable on August 15, 2007 to shareholders of record on July 31, 2007.
Gary Kolstad, President and Chief Executive Officer of CARBO Ceramics said, "We are very pleased to increase the dividend to our shareholders for the seventh consecutive year. This dividend increase represents the Board of Directors' confidence in the financial strength of our business and our long- term outlook."
Conference Call
The company plans to release earnings results for the second quarter of 2007 on July 26, 2007 and will host a conference call at 10:00 a.m. central time (11:00 a.m. eastern) that day. The call will be hosted by Gary Kolstad, President and CEO, and Paul Vitek, Senior Vice President, Finance and Administration, and CFO.
To participate in the teleconference, investors should dial 877-836-3879 about 10 minutes before the start time and reference the CARBO Ceramics conference call. International callers should dial 706-679-7469. The conference call can also be accessed by visiting the company's Web site, http://www.carboceramics.com/.
The statements in this news release that are not historical statements, including statements regarding our future financial and operating performance, are forward-looking statements within the meaning of the federal securities laws. All forward-looking statements are based on management's current expectations and estimates, which involve risks and uncertainties that could cause actual results to differ materially from those expressed in forward- looking statements. Among these factors are changes in overall economic conditions, changes in demand for our products, changes in the demand for, or price of, oil and natural gas, risks of increased competition, technological, manufacturing and product development risks, loss of key customers, changes in government regulations, foreign and domestic political and legislative risks, the risks of war and international and domestic terrorism, risks associated with foreign operations and foreign currency exchange rates and controls; weather-related risks and other risks and uncertainties described in our publicly available filings with the SEC. We assume no obligation to update forward-looking statements, except as required by law.
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