United States Lime & Minerals Reports Third Quarter 2024 Results and Declares Regular Quarterly Cash Dividend
United States Lime & Minerals (NASDAQ: USLM) reported strong Q3 2024 results with revenues of $89.4 million, up 19.4% from Q3 2023. The company's lime and limestone revenues increased by 19.6% to $89.2 million, driven by higher average selling prices and increased sales volumes. Net income rose 60.9% to $33.4 million ($1.16 per share diluted). Gross profit increased 53.1% to $43.1 million. The Board declared a quarterly cash dividend of $0.05 per share, payable December 13, 2024. The company also completed a 5-for-1 stock split in July 2024.
United States Lime & Minerals (NASDAQ: USLM) ha riportato risultati solidi per il terzo trimestre del 2024, con ricavi di 89,4 milioni di dollari, in aumento del 19,4% rispetto al terzo trimestre del 2023. I ricavi ottenuti dalla calce e dalla calcare sono aumentati del 19,6% raggiungendo 89,2 milioni di dollari, grazie a prezzi di vendita medi più elevati e a un aumento dei volumi di vendita. Il reddito netto è cresciuto del 60,9% fino a 33,4 milioni di dollari (1,16 dollari per azione diluita). L’utile lordo è aumentato del 53,1% raggiungendo 43,1 milioni di dollari. Il Consiglio ha dichiarato un dividendo in contante trimestrale di 0,05 dollari per azione, pagabile il 13 dicembre 2024. L'azienda ha inoltre completato uno scorporo azionario 5 per 1 a luglio 2024.
United States Lime & Minerals (NASDAQ: USLM) reportó resultados sólidos para el tercer trimestre de 2024 con ingresos de 89,4 millones de dólares, un aumento del 19,4% en comparación con el tercer trimestre de 2023. Los ingresos por cal y piedra caliza aumentaron un 19,6% alcanzando los 89,2 millones de dólares, impulsados por precios de venta promedio más altos y un incremento en los volúmenes de ventas. El ingreso neto aumentó un 60,9% hasta los 33,4 millones de dólares (1,16 dólares por acción diluida). La ganancia bruta creció un 53,1% alcanzando los 43,1 millones de dólares. La Junta declaró un dividendo en efectivo trimestral de 0,05 dólares por acción, pagadero el 13 de diciembre de 2024. La empresa también completó un desdoblamiento de acciones 5 por 1 en julio de 2024.
유나이티드 스테이츠 라임 앤 미네랄스 (NASDAQ: USLM)은 2024년 3분기 강력한 실적을 보고하며 매출이 8,940만 달러로 2023년 3분기 대비 19.4% 증가했다고 발표했습니다. 회사의 석회 및 석회암 수익은 평균 판매 가격 인상과 판매량 증가에 힘입어 19.6% 증가해 8,920만 달러에 도달했습니다. 순이익은 60.9% 증가하여 3,340만 달러(주당 희석이익 1.16달러)에 도달했습니다. 총 이익은 53.1% 증가하여 4,310만 달러에 달했습니다. 이사회는 주당 0.05달러의 분기 현금 배당금을 선언하며, 이는 2024년 12월 13일에 지급될 예정입니다. 회사는 또한 2024년 7월에 5:1 주식 분할을 완료했습니다.
United States Lime & Minerals (NASDAQ: USLM) a annoncé des résultats solides pour le troisième trimestre 2024, avec des revenus de 89,4 millions de dollars, en hausse de 19,4 % par rapport au troisième trimestre 2023. Les revenus provenant de la chaux et du calcaire ont augmenté de 19,6 % pour atteindre 89,2 millions de dollars, soutenus par des prix de vente moyens plus élevés et une augmentation des volumes de vente. Le revenu net a augmenté de 60,9 % pour atteindre 33,4 millions de dollars (1,16 dollar par action diluée). Le bénéfice brut a augmenté de 53,1 % pour atteindre 43,1 millions de dollars. Le conseil d'administration a déclaré un dividende trimestriel en espèces de 0,05 dollar par action, payable le 13 décembre 2024. L'entreprise a également réalisé une division d'actions de 5 pour 1 en juillet 2024.
United States Lime & Minerals (NASDAQ: USLM) berichtete starke Ergebnisse für das dritte Quartal 2024 mit Einnahmen von 89,4 Millionen Dollar, was einem Anstieg von 19,4% im Vergleich zum dritten Quartal 2023 entspricht. Die Einnahmen aus Kalk und Kalkstein erhöhten sich um 19,6% auf 89,2 Millionen Dollar, bedingt durch höhere Durchschnittspreise und gestiegene Verkaufsvolumina. Das Nettoeinkommen stieg um 60,9% auf 33,4 Millionen Dollar (1,16 Dollar pro verwässerter Aktie). Der Bruttogewinn erhöhte sich um 53,1% auf 43,1 Millionen Dollar. Der Vorstand erklärte eine vierteljährliche Barkapitalrendite von 0,05 Dollar pro Aktie, zahlbar am 13. Dezember 2024. Das Unternehmen führte außerdem im Juli 2024 einen Aktiensplit im Verhältnis 5 zu 1 durch.
- Revenue increased 19.4% YoY to $89.4 million in Q3 2024
- Net income grew 60.9% to $33.4 million in Q3 2024
- Gross profit rose 53.1% to $43.1 million
- Higher average selling prices for lime and limestone products
- Increased interest income from higher cash balances
- Decreased construction demand in first half 2024
- SG&A expenses increased 14.3% to $5.0 million in Q3 2024
Insights
USLM delivered exceptional Q3 2024 results with significant growth across key metrics. Revenues increased by
The company's operational efficiency is noteworthy, with improved margins from optimized fuel blends and lower natural gas prices. Net income jumped
The construction sector rebound in Q3, following weather-related slowdowns, coupled with steady industrial and roof shingle demand, suggests robust market positioning. The maintained quarterly dividend of
DALLAS, Oct. 30, 2024 (GLOBE NEWSWIRE) -- United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported third quarter 2024 results: The Company’s revenues in the third quarter 2024 were
For the first nine months 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
The Company reported net income of
“While our overall construction demand is down for the year-to-date, we did see improved demand from our construction customers in the third quarter 2024 as weather conditions in the South-Central United States returned to a more normal pattern compared to the heavier than usual rainfalls that we experienced in the first half 2024,” 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 a 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), metals (including steel producers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), roof shingle manufacturers, oil and gas services, and agriculture (including poultry producers) 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 and costs, 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 | Nine Months Ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| INCOME STATEMENTS | ||||||||||||||||
| Revenues | $ | 89,427 | $ | 74,878 | $ | 237,659 | $ | 215,638 | ||||||||
| Cost of revenues | 46,314 | 46,723 | 129,117 | 136,360 | ||||||||||||
| Gross profit | $ | 43,113 | $ | 28,155 | $ | 108,542 | $ | 79,278 | ||||||||
| Selling, general and administrative expenses | 4,976 | 4,355 | 14,706 | 12,826 | ||||||||||||
| Operating profit | $ | 38,137 | $ | 23,800 | $ | 93,836 | $ | 66,452 | ||||||||
| Other (income) expense, net | (3,061 | ) | (2,197 | ) | (8,387 | ) | (5,529 | ) | ||||||||
| Income tax expense | 7,845 | 5,264 | 20,374 | 14,432 | ||||||||||||
| Net income | $ | 33,353 | $ | 20,733 | $ | 81,849 | $ | 57,549 | ||||||||
| Income per share of common stock: | ||||||||||||||||
| Basic | $ | 1.17 | $ | 0.73 | $ | 2.86 | $ | 2.02 | ||||||||
| Diluted | $ | 1.16 | $ | 0.73 | $ | 2.85 | $ | 2.02 | ||||||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 28,594 | 28,480 | 28,574 | 28,455 | ||||||||||||
| Diluted | 28,727 | 28,560 | 28,683 | 28,525 | ||||||||||||
| Cash dividends per share of common stock | $ | 0.05 | $ | 0.04 | $ | 0.15 | $ | 0.12 | ||||||||
| September 30, | December 31, | |||||||||||||||
| 2024 | 2023 | |||||||||||||||
| BALANCE SHEETS | ||||||||||||||||
| Assets: | ||||||||||||||||
| Current assets | $ | 338,459 | $ | 254,969 | ||||||||||||
| Property, plant and equipment, net | 177,790 | 179,795 | ||||||||||||||
| Other non-current assets | 5,510 | 5,838 | ||||||||||||||
| Total assets | $ | 521,759 | $ | 440,602 | ||||||||||||
| Liabilities and Stockholders’ Equity: | ||||||||||||||||
| Current liabilities | $ | 18,698 | $ | 17,491 | ||||||||||||
| Deferred tax liabilities, net | 23,834 | 24,659 | ||||||||||||||
| Other long-term liabilities | 5,013 | 5,348 | ||||||||||||||
| Stockholders’ equity | 474,214 | 393,104 | ||||||||||||||
| Total liabilities and stockholders’ equity | $ | 521,759 | $ | 440,602 | ||||||||||||
Contact: Timothy W. Byrne
(972) 991-8400
FAQ
What was USLM's revenue growth in Q3 2024?
What was USLM's earnings per share in Q3 2024?
When did USLM complete its stock split in 2024?
What is USLM's latest quarterly dividend?
