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United States Lime & Minerals, Inc. - USLM STOCK NEWS

Welcome to our dedicated page for United States Lime & Minerals news (Ticker: USLM), a resource for investors and traders seeking the latest updates and insights on United States Lime & Minerals stock.

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.

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United States Lime & Minerals, Inc. (USLM) announced a 5-for-1 stock split to make its shares more affordable and increase liquidity. The split will issue four additional shares for each outstanding share, increasing the total outstanding shares from 5.7 million to 28.5 million. The split aims to benefit investors and employees by reducing bid and ask prices, with shares payable on July 12, 2024, to shareholders of record as of June 21, 2024.

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United States Lime & Minerals, Inc. (NASDAQ: USLM) reported strong first quarter 2024 results with revenues of $71.7 million, a 7.4% increase from the previous year. The company's gross profit increased by 27.6% to $30.6 million, driven by higher selling prices and lower operating expenses. Net income rose by 31.2% to $22.4 million. The Board declared a quarterly cash dividend of $0.25 per share.

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United States Lime & Minerals, Inc. (NASDAQ: USLM) reported a 12.7% increase in revenues for the fourth quarter of 2023 compared to the same period in 2022. Full year 2023 revenues also rose by 19.1%. The Company's gross profit increased by 40.4% in the fourth quarter and 46.2% for the full year 2023. Net income for the fourth quarter and full year 2023 also saw significant increases of 57.5% and 64.1% respectively. The Board of Directors declared an increased regular quarterly cash dividend of $0.25 per share on the Company's common stock.
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United States Lime & Minerals, Inc. (NASDAQ: USLM) reported Q3 2023 revenues of $74.9 million, a 12.7% increase YoY. For the first nine months of 2023, revenues were $215.6 million, a 21.2% increase YoY. Lime and limestone revenues also saw growth, with Q3 2023 revenues at $74.6 million, a 13.5% increase YoY. Gross profit for Q3 2023 was $28.2 million, a 24.6% increase YoY. Net income for Q3 2023 was $20.7 million, a 31.8% increase YoY. The company declared a quarterly cash dividend of $0.20 per share.
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FAQ

What products does United States Lime & Minerals manufacture?

USLM manufactures a variety of lime and limestone products including PLS, quicklime, hydrated lime, and lime slurry.

Which industries does USLM supply its products to?

USLM supplies products to construction, industrial manufacturing, environmental services, metals, oil and gas, agriculture, and roofing industries.

Where are USLM’s production facilities located?

USLM operates plants in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas.

How did USLM perform financially in the first quarter of 2024?

USLM reported a gross profit of $30.6 million and a net income of $22.4 million in the first quarter of 2024.

What challenges does USLM face?

USLM faces challenges such as rising production costs and economic uncertainties but remains resilient through strategic market focus.

Has USLM declared any recent dividends?

Yes, USLM declared a regular quarterly cash dividend of $0.25 per share, payable on June 14, 2024.

What is the impact of the recent stock split on USLM shares?

The stock split will increase issued and outstanding shares from approximately 5.7 million to 28.5 million, enhancing liquidity.

Who are USLM's subsidiaries?

Key subsidiaries include Arkansas Lime Company, Colorado Lime Company, Mill Creek Dolomite, LLC, and Texas Lime Company.

What are the future plans of USLM?

USLM plans to focus on strategic markets to offset reduced demand in certain sectors and improve overall profitability.

What role does USLM play in the natural gas sector?

USLM holds royalty and non-operated working interests in natural gas wells located in Johnson County, Texas.

United States Lime & Minerals, Inc.

Nasdaq:USLM

USLM Rankings

USLM Stock Data

2.27B
28.55M
63.52%
28.47%
1.17%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
DALLAS