Covia Holdings' First Earnings Report Shows Some Promise For Investors

After completing the merger between Fairmount Santrol Holdings and Unimin back in June and changing its name to Covia Holdings (NYSE: CVIA), we got to see the financials of the combined entity for the first time. While there are some funky numbers because the deal was closed during the second quarter and because there were several merger-related expenses, the underlying results at Covia look promising. Here's a brief review of Covia's most recent results and what investors should make of this newly formed frack sand and industrial aggregate company. Since the deal was completed in June, Covia's official results for the quarter include only a partial contribution from Unimin.

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