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Covia Holdings's Business Segments
Covia Holdings's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q3 FY2020
Reportable Segments
2
Largest Segment
Industrial
Total Revenue
$ 229
Regions Reported
-
Revenue Share by Reportable Segment - Q3 FY2020
- Industrial75.4%
- Energy24.6%
Revenue by Reportable Segment - Q3 FY2020
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Industrial | $ 173 | 75.4% |
| Energy | $ 56 | 24.6% |
Description of Covia Holdings
Covia Holdings Corporation is a leading provider of diversified mineral solutions and materials technology, serving the industrial and energy sectors. The company was formed in 2018 through the merger of two companies, Unimin Corporation and Fairmount Santrol, both prominent players in the industrial mineral industry.
Covia operates in three main business segments: Energy, Industrial, and Corporate and Other. The Energy segment focuses on providing proppants, which are essential materials used in hydraulic fracturing, a process used in oil and gas well stimulation. Covia is a leading producer of high-quality northern white frac sand, serving major shale oil and gas basins across the United States. The company offers a wide range of proppant products, including resin-coated sand, ceramics, and specialty proppants optimized for specific well conditions.
In the Industrial segment, Covia provides various mineral-based solutions that enhance the performance and sustainability of various industrial processes. This includes supplying filtration and well pack media for water treatment, surface and underground mining applications, and glass production. The company offers a diverse portfolio of industrial minerals, such as silica sand, calcium carbonate, clay, and various specialty minerals.
Covia's Corporate and Other segment includes its Corporate and shared services, as well as certain legacy costs. It also encompasses Covia's innovation efforts in materials technology, where they are constantly exploring new applications and advancing their materials to meet evolving customer needs.
The company operates a vast network of production and distribution facilities strategically located near customer sites, allowing for efficient and reliable supply chain management. Covia has a strong presence across North America, with facilities in key oil and gas regions like the Permian Basin, Eagle Ford, and Marcellus/Utica.
In addition to its operational strength, Covia is committed to sustainability and responsible resource management. The company strives to minimize its environmental impact and works towards reducing greenhouse gas emissions, conserving water, and rehabilitating mined lands. They are also dedicated to maintaining the highest safety standards across their operations to ensure the well-being of their employees and the communities they operate in.
Covia prides itself on its innovative approach to materials science and its ability to provide customized solutions to its customers. Their research and development efforts focus on creating new products, optimizing existing materials, and improving manufacturing processes to meet the evolving demands of various industries.
Overall, Covia Holdings Corporation is a dynamic and diversified company that plays a vital role in supplying essential minerals and materials to the industrial and energy sectors. With its strong market position, extensive product portfolio, and commitment to sustainability, Covia is well-positioned to meet the evolving needs of its customers and drive long-term growth.
Covia operates in three main business segments: Energy, Industrial, and Corporate and Other. The Energy segment focuses on providing proppants, which are essential materials used in hydraulic fracturing, a process used in oil and gas well stimulation. Covia is a leading producer of high-quality northern white frac sand, serving major shale oil and gas basins across the United States. The company offers a wide range of proppant products, including resin-coated sand, ceramics, and specialty proppants optimized for specific well conditions.
In the Industrial segment, Covia provides various mineral-based solutions that enhance the performance and sustainability of various industrial processes. This includes supplying filtration and well pack media for water treatment, surface and underground mining applications, and glass production. The company offers a diverse portfolio of industrial minerals, such as silica sand, calcium carbonate, clay, and various specialty minerals.
Covia's Corporate and Other segment includes its Corporate and shared services, as well as certain legacy costs. It also encompasses Covia's innovation efforts in materials technology, where they are constantly exploring new applications and advancing their materials to meet evolving customer needs.
The company operates a vast network of production and distribution facilities strategically located near customer sites, allowing for efficient and reliable supply chain management. Covia has a strong presence across North America, with facilities in key oil and gas regions like the Permian Basin, Eagle Ford, and Marcellus/Utica.
In addition to its operational strength, Covia is committed to sustainability and responsible resource management. The company strives to minimize its environmental impact and works towards reducing greenhouse gas emissions, conserving water, and rehabilitating mined lands. They are also dedicated to maintaining the highest safety standards across their operations to ensure the well-being of their employees and the communities they operate in.
Covia prides itself on its innovative approach to materials science and its ability to provide customized solutions to its customers. Their research and development efforts focus on creating new products, optimizing existing materials, and improving manufacturing processes to meet the evolving demands of various industries.
Overall, Covia Holdings Corporation is a dynamic and diversified company that plays a vital role in supplying essential minerals and materials to the industrial and energy sectors. With its strong market position, extensive product portfolio, and commitment to sustainability, Covia is well-positioned to meet the evolving needs of its customers and drive long-term growth.