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United States Lime & Minerals, Inc. (USLM) is a NASDAQ-listed company headquartered in Dallas, Texas, specializing in manufacturing lime and limestone products. The company’s diverse product portfolio includes PLS, quicklime, hydrated lime, and lime slurry. These products serve a wide array of industries such as construction, industrial manufacturing, environmental services, metals, oil and gas, agriculture, and roofing. USLM operates through the Lime and Limestone Operations segment, providing essential raw materials for various applications.
The company operates lime and limestone plants in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas through its subsidiaries, including Arkansas Lime Company, ART Quarry TRS LLC (DBA Carthage Crushed Limestone), Colorado Lime Company, Mill Creek Dolomite, LLC, Texas Lime Company, U.S. Lime Company, U.S. Lime Company-Shreveport, U.S. Lime Company-St. Clair, and U.S. Lime Company-Transportation. Additionally, USLM holds royalty and non-operated working interests in natural gas wells in Johnson County, Texas.
Financially, USLM has demonstrated robust performance. In the first quarter of 2024, the company's gross profit surged to $30.6 million from $24.0 million in the first quarter of 2023, marking a 27.6% increase. Similarly, net income rose to $22.4 million, up from $17.1 million in the same period. Despite reduced demand from construction customers, the company benefited from increased demand in other segments such as industrial customers.
USLM continues to navigate challenges like rising production costs and economic uncertainties. However, it remains resilient, focusing on strategic markets to offset reduced demand in certain sectors. The company has also declared a quarterly cash dividend, reflecting its commitment to returning value to shareholders.
In addition to its core business, USLM actively engages in forward-looking activities, including a recent stock split to increase liquidity and investor engagement. The stock split will increase the company's shares from approximately 5.7 million to 28.5 million, starting trading on a post-split basis from July 15, 2024.
United States Lime & Minerals, Inc. (NASDAQ: USLM) reported strong financial results for Q3 2022, with revenues reaching $66.5 million, a 27.0% increase from Q3 2021. For the first nine months, revenues were $177.9 million, up 24.2%. Increased demand from construction and agriculture boosted lime and limestone sales, leading to a gross profit of $22.6 million in Q3, marking a 30.3% rise year-over-year. The company declared a $0.20 per share quarterly dividend, payable on December 16, 2022, encouraging shareholder confidence amid inflationary pressures.
United States Lime & Minerals, Inc. (NASDAQ: USLM) reported a revenue increase of 23.0% to $60.5 million for Q2 2022, up from $49.2 million in Q2 2021. For the first half of 2022, revenues rose to $111.4 million from $90.8 million, a 22.6% increase. The company's gross profit was $16.5 million, slightly down from $16.8 million in Q2 2021. SG&A expenses increased by 30.1% year-over-year. Net income decreased by 7.7% in Q2 2022 to $10.2 million but rose 4.3% in the first half. A quarterly dividend of $0.20 per share was declared, payable on September 16, 2022.
United States Lime & Minerals, Inc. (NASDAQ: USLM) reported a 22.2% increase in first quarter 2022 revenues to $50.9 million, compared to $41.7 million in Q1 2021. Net income rose 23.3% to $8.7 million ($1.53 per share diluted). The growth was driven by higher sales volumes and prices for lime and limestone products, despite rising production costs and ongoing supply chain issues. The Board declared a quarterly cash dividend of $0.20 per share, payable on June 17, 2022.
For the fourth quarter of 2021, United States Lime & Minerals (NASDAQ: USLM) reported revenues of $46.1 million, a 12.5% increase from $41.0 million in Q4 2020. Full-year revenues reached $189.3 million, up 17.8% year-over-year. Gross profit for Q4 was $13.3 million, a slight increase of 1.1%, and net income for the quarter was $7.6 million ($1.34 per share). The company declared a quarterly cash dividend of $0.20 per share, payable on March 18, 2022. Despite increases in costs and supply chain issues, USLM is optimistic about demand across various sectors.
United States Lime & Minerals (NASDAQ: USLM) reported strong third quarter 2021 results with revenues of $52.3 million, up 19.6% from $43.7 million in Q3 2020. Year-to-date revenues reached $143.1 million, a 19.6% increase. Lime and limestone operations contributed significantly, with a gross profit of $17.3 million for Q3 and $45.9 million year-to-date. The company declared a quarterly dividend of $0.16 per share, payable December 10, 2021. Potential risks include rising fuel costs and labor shortages amid ongoing COVID-19 challenges.
United States Lime & Minerals reported strong financial results for Q2 2021, with revenues of $49.2 million, a 30.9% increase year-over-year. For the first half of 2021, revenues reached $90.8 million, up 19.5%. Lime and limestone revenues contributed $48.7 million in Q2 alone. The gross profit surged to $16.8 million, marking a 62.2% increase. Net income climbed to $11.1 million ($1.96 per share diluted). The company also declared a quarterly cash dividend of $0.16 per share, payable on September 10, 2021.
United States Lime & Minerals reported a first quarter 2021 revenue increase to $41.7 million, up 8.4% from $38.4 million in 2020, attributed primarily to sales growth in lime and limestone products. Gross profit rose to $11.8 million (up 19.5%), with net income of $7.0 million increasing 26.8% year-over-year. The company will pay a quarterly dividend of $0.16 per share on June 11, 2021. Despite challenges from the ongoing COVID-19 pandemic and severe winter storms, the company experienced strong demand from construction and environmental sectors.
United States Lime & Minerals (USLM) reported strong financial results for Q4 and full year 2020, with revenues of $41.0 million, up 8.0% from Q4 2019, and full-year revenues of $160.7 million, a 1.5% increase. The Carthage acquisition contributed significantly, adding $2.3 million in Q4 and $4.6 million for the year. Gross profit rose 34.8% to $13.2 million in Q4, driven by higher lime prices and operational efficiencies. The company declared a quarterly cash dividend of $0.16 per share, payable on March 12, 2021, marking ongoing shareholder returns.
United States Lime & Minerals (NASDAQ: USLM) reported Q3 2020 revenues of $43.7 million, a slight increase from $43.6 million in Q3 2019. Year-to-date revenues totaled $119.7 million, down 0.5% from the previous year. The Company acquired Carthage Crushed Limestone, contributing $2.3 million in revenue. Gross profit rose 5.2% to $14.2 million in Q3 2020, while net income was $9.3 million ($1.65 per share diluted). A quarterly dividend of $0.16 per share was declared, payable on December 11, 2020.
United States Lime & Minerals (NASDAQ: USLM) reported a 3.6% revenue decline to $37.5 million in Q2 2020, reflecting decreased demand primarily from oil and gas, steel, and environmental sectors. Despite this, gross profit increased to $10.4 million, up 6.5% year-over-year, driven by lower fuel costs and operational efficiencies. The company declared a $0.16 quarterly dividend payable on September 18, 2020. The acquisition of Carthage Crushed Limestone for $9 million is expected to enhance USLM's market position amid ongoing pandemic-related challenges.
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