United States Lime & Minerals Reports Fourth Quarter and Full Year 2024 Results and Declares Increased Regular Quarterly Cash Dividend
United States Lime & Minerals (NASDAQ: USLM) reported strong financial results for Q4 and full year 2024. Q4 revenues increased 21.9% to $80.1 million, while full-year revenues grew 12.9% to $317.7 million. The company's lime and limestone segment showed significant growth, with Q4 revenues up 22% to $79.8 million and full-year revenues rising 13% to $316.7 million.
Gross profit saw substantial improvements, with Q4 profit up 50.2% to $35.4 million and full-year profit increasing 40% to $144.0 million. Net income for Q4 reached $27.0 million ($0.94 per share), up 58.8%, while full-year net income grew 46% to $108.8 million ($3.79 per share).
The company completed a 5-for-1 stock split in July 2024 and declared an increased quarterly dividend of $0.06 per share, payable March 14, 2025.
United States Lime & Minerals (NASDAQ: USLM) ha riportato risultati finanziari solidi per il Q4 e l'intero anno 2024. Le entrate del Q4 sono aumentate del 21,9% raggiungendo i 80,1 milioni di dollari, mentre le entrate annuali sono cresciute del 12,9% a 317,7 milioni di dollari. Il segmento della calce e del calcare della società ha mostrato una crescita significativa, con entrate del Q4 in aumento del 22% a 79,8 milioni di dollari e entrate annuali in crescita del 13% a 316,7 milioni di dollari.
Il profitto lordo ha mostrato miglioramenti sostanziali, con un profitto del Q4 aumentato del 50,2% a 35,4 milioni di dollari e un profitto annuale aumentato del 40% a 144,0 milioni di dollari. Il reddito netto per il Q4 ha raggiunto i 27,0 milioni di dollari (0,94 dollari per azione), in aumento del 58,8%, mentre il reddito netto annuale è cresciuto del 46% a 108,8 milioni di dollari (3,79 dollari per azione).
La società ha completato uno split azionario 5 a 1 a luglio 2024 e ha dichiarato un aumento del dividendo trimestrale a 0,06 dollari per azione, pagabile il 14 marzo 2025.
United States Lime & Minerals (NASDAQ: USLM) presentó resultados financieros sólidos para el cuarto trimestre y el año completo 2024. Los ingresos del cuarto trimestre aumentaron un 21,9% hasta alcanzar los 80,1 millones de dólares, mientras que los ingresos anuales crecieron un 12,9% hasta 317,7 millones de dólares. El segmento de cal y piedra caliza de la compañía mostró un crecimiento significativo, con ingresos del cuarto trimestre en aumento del 22% hasta 79,8 millones de dólares y ingresos anuales en aumento del 13% hasta 316,7 millones de dólares.
El beneficio bruto experimentó mejoras sustanciales, con un beneficio del cuarto trimestre en aumento del 50,2% hasta 35,4 millones de dólares y un beneficio anual en aumento del 40% hasta 144,0 millones de dólares. El ingreso neto para el cuarto trimestre alcanzó los 27,0 millones de dólares (0,94 dólares por acción), un aumento del 58,8%, mientras que el ingreso neto anual creció un 46% hasta 108,8 millones de dólares (3,79 dólares por acción).
La empresa completó un desdoblamiento de acciones de 5 por 1 en julio de 2024 y declaró un aumento en el dividendo trimestral a 0,06 dólares por acción, pagadero el 14 de marzo de 2025.
United States Lime & Minerals (NASDAQ: USLM)는 2024년 4분기 및 연간 견고한 재무 결과를 보고했습니다. 4분기 수익은 21.9% 증가한 8천만 100만 달러에 달했으며, 연간 수익은 12.9% 증가하여 3억 1천7백70만 달러에 이르렀습니다. 회사의 석회 및 석회석 부문은 4분기 수익이 22% 증가한 7천9백80만 달러, 연간 수익이 13% 증가한 3억 1천6백70만 달러로 상당한 성장을 보였습니다.
총 이익은 상당한 개선을 보였으며, 4분기 이익은 50.2% 증가하여 3천5백40만 달러, 연간 이익은 40% 증가하여 1억 4천4백만 달러에 이르렀습니다. 4분기 순이익은 2천7백만 달러(주당 0.94달러)에 도달했으며, 이는 58.8% 증가한 수치이고, 연간 순이익은 46% 증가하여 1억 8백80만 달러(주당 3.79달러)에 이르렀습니다.
회사는 2024년 7월에 5대 1의 주식 분할을 완료했으며, 2025년 3월 14일 지급 예정인 주당 0.06달러의 분기 배당금을 인상한다고 발표했습니다.
United States Lime & Minerals (NASDAQ: USLM) a rapporté de solides résultats financiers pour le quatrième trimestre et l'année entière 2024. Les revenus du quatrième trimestre ont augmenté de 21,9% pour atteindre 80,1 millions de dollars, tandis que les revenus annuels ont crû de 12,9% pour atteindre 317,7 millions de dollars. Le segment de la chaux et du calcaire de l'entreprise a montré une croissance significative, avec des revenus du quatrième trimestre en hausse de 22% à 79,8 millions de dollars et des revenus annuels en hausse de 13% à 316,7 millions de dollars.
Le bénéfice brut a connu des améliorations substantielles, avec un bénéfice du quatrième trimestre en hausse de 50,2% à 35,4 millions de dollars et un bénéfice annuel en hausse de 40% à 144,0 millions de dollars. Le résultat net pour le quatrième trimestre a atteint 27,0 millions de dollars (0,94 dollar par action), en hausse de 58,8%, tandis que le résultat net annuel a augmenté de 46% pour atteindre 108,8 millions de dollars (3,79 dollars par action).
L'entreprise a réalisé un fractionnement de l'action au ratio 5 pour 1 en juillet 2024 et a déclaré une augmentation du dividende trimestriel à 0,06 dollar par action, payable le 14 mars 2025.
United States Lime & Minerals (NASDAQ: USLM) berichtete über starke Finanzergebnisse für das vierte Quartal und das gesamte Jahr 2024. Im vierten Quartal stiegen die Einnahmen um 21,9% auf 80,1 Millionen Dollar, während die Gesamteinnahmen im Jahr um 12,9% auf 317,7 Millionen Dollar wuchsen. Der Bereich Kalk und Kalkstein des Unternehmens verzeichnete ein signifikantes Wachstum, mit vierteljährlichen Einnahmen, die um 22% auf 79,8 Millionen Dollar stiegen, und den Jahreseinnahmen, die um 13% auf 316,7 Millionen Dollar zulegten.
Der Bruttogewinn zeigte erhebliche Verbesserungen, da der Gewinn im vierten Quartal um 50,2% auf 35,4 Millionen Dollar stieg und der Jahresgewinn um 40% auf 144,0 Millionen Dollar zunahm. Der Nettogewinn für das vierte Quartal belief sich auf 27,0 Millionen Dollar (0,94 Dollar pro Aktie), was einem Anstieg von 58,8% entspricht, während der jährliche Nettogewinn um 46% auf 108,8 Millionen Dollar (3,79 Dollar pro Aktie) wuchs.
Das Unternehmen schloss im Juli 2024 einen 5 zu 1 Aktiensplit ab und erklärte eine Erhöhung der vierteljährlichen Dividende auf 0,06 Dollar pro Aktie, die am 14. März 2025 zahlbar ist.
- Q4 revenues increased 21.9% to $80.1 million
- Full-year revenues grew 12.9% to $317.7 million
- Q4 gross profit increased 50.2% to $35.4 million
- Full-year net income rose 46% to $108.8 million
- Increased quarterly dividend declared
- Higher interest income from cash and cash equivalents
- Decreased overall demand compared to 2023
- Reduced sales volumes from construction customers in 2024
Insights
USLM delivered exceptional financial results that demonstrate strong operational execution and pricing power. The standout metric is the dramatic expansion in gross margins, which improved from
The company's revenue mix shows interesting shifts, with increased demand from industrial, environmental and roof shingle customers offsetting some weakness in construction. This diversification helps protect margins and reduces cyclical exposure. The
The balance sheet continues to strengthen, with interest income growing
Looking ahead, the company's guarded optimism for early 2025 seems prudent given the mixed demand signals across customer segments. However, the demonstrated pricing power and operational efficiency improvements position USLM well to maintain profitability even if volumes remain challenged. The focus on higher-margin industrial and environmental customers could drive further margin expansion in 2025.
DALLAS, Feb. 03, 2025 (GLOBE NEWSWIRE) -- United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported fourth quarter and full year 2024 results: The Company’s revenues in the fourth quarter 2024 were
For the full year 2024, the Company’s revenues were
The Company’s gross profit was
Selling, general and administrative (“SG&A”) expenses were
Other (income) expense, net was income of
The Company reported net income of
“We are pleased with the Company’s financial performance in 2024. Even though overall demand was down slightly, compared to 2023, we remain guardedly optimistic moving into the first part of 2025,” said Timothy W. Byrne, President and Chief Executive Officer.
Stock Split
On July 12, 2024, the Company effected a 5-for-1 split of its common stock in the form of a stock dividend of four additional shares of common stock for each share outstanding to shareholders of record at the close of business on June 21, 2024. All share and per share information throughout this News Release has been retroactively adjusted to reflect the stock split.
Dividend
The Company announced today that the Board of Directors has declared an increased regular quarterly cash dividend of
United States Lime & Minerals, Inc., a NASDAQ-listed public company with headquarters in Dallas, Texas, is a manufacturer of lime and limestone products, supplying primarily the construction (including highway, road and building contractors), industrial (including paper and glass manufacturers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), metals (including steel producers), roof shingle manufacturers, agriculture (including poultry producers), and oil and gas services industries. The Company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas through its wholly owned subsidiaries, 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. In addition, the Company, through its wholly owned subsidiary, U.S. Lime Company-O & G, LLC, has royalty and non-operated working interests in natural gas wells located in Johnson County, Texas, in the Barnett Shale Formation.
Any statements contained in this News Release, including, but not limited to, statements relating to changes in demand, that are not statements of historical fact are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to publicly update or revise any forward-looking statements, and investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from expectations, including without limitation those risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.
(Tables Follow)
| United States Lime & Minerals, Inc. | |||||||||||||||
| CONDENSED CONSOLIDATED FINANCIAL DATA | |||||||||||||||
| (In thousands, except per share amounts) | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||
| INCOME STATEMENTS | |||||||||||||||
| Revenues | $ | 80,062 | $ | 65,692 | $ | 317,721 | $ | 281,330 | |||||||
| Cost of revenues | 44,623 | 42,103 | 173,740 | 178,463 | |||||||||||
| Gross profit | $ | 35,439 | $ | 23,589 | $ | 143,981 | $ | 102,867 | |||||||
| Selling, general and administrative expenses | 4,352 | 4,619 | 19,058 | 17,445 | |||||||||||
| Operating profit | $ | 31,087 | $ | 18,970 | $ | 124,923 | $ | 85,422 | |||||||
| Other (income) expense, net | (3,073 | ) | (2,411 | ) | (11,460 | ) | (7,940 | ) | |||||||
| Income tax expense | 7,170 | 4,381 | 27,544 | 18,813 | |||||||||||
| Net income | $ | 26,990 | $ | 17,000 | $ | 108,839 | $ | 74,549 | |||||||
| Income per share of common stock: | |||||||||||||||
| Basic | $ | 0.94 | $ | 0.60 | $ | 3.81 | $ | 2.62 | |||||||
| Diluted | $ | 0.94 | $ | 0.60 | $ | 3.79 | $ | 2.61 | |||||||
| Weighted-average shares outstanding: | |||||||||||||||
| Basic | 28,594 | 28,485 | 28,574 | 28,455 | |||||||||||
| Diluted | 28,727 | 28,559 | 28,683 | 28,525 | |||||||||||
| Cash dividends per share of common stock | $ | 0.05 | $ | 0.04 | $ | 0.20 | $ | 0.16 | |||||||
| December 31, | December 31, | ||||||||||||||
| 2024 | 2023 | ||||||||||||||
| BALANCE SHEETS | |||||||||||||||
| Assets: | |||||||||||||||
| Current assets | $ | 354,782 | $ | 254,969 | |||||||||||
| Property, plant and equipment, net | 182,891 | 179,795 | |||||||||||||
| Other non-current assets | 5,490 | 5,838 | |||||||||||||
| Total assets | $ | 543,163 | $ | 440,602 | |||||||||||
| Liabilities and Stockholders’ Equity: | |||||||||||||||
| Current liabilities | $ | 16,962 | $ | 17,491 | |||||||||||
| Deferred tax liabilities, net | 23,659 | 24,659 | |||||||||||||
| Other long-term liabilities | 4,801 | 5,348 | |||||||||||||
| Stockholders’ equity | 497,741 | 393,104 | |||||||||||||
| Total liabilities and stockholders’ equity | $ | 543,163 | $ | 440,602 | |||||||||||
| Contact: Timothy W. Byrne |
| (972) 991-8400 |
FAQ
What were USLM's Q4 2024 financial results?
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When did USLM implement its 5-for-1 stock split in 2024?
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