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United States Lime & Minerals reports recurring developments tied to its lime and limestone operations, including sales volumes, average selling prices, gross profit, fuel and transportation costs, and demand trends by customer market. The company manufactures lime and limestone products for construction, industrial, environmental, steel, oil and gas services, roof shingle, and agricultural uses.
Company news commonly covers quarterly and full-year financial results, regular cash dividend declarations, customer demand shifts, weather-related shipping effects, and operating updates involving production facilities and expansion projects.
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United States Lime & Minerals (NASDAQ: USLM) reported strong fourth quarter and full year 2022 results. Q4 revenues reached $58.3 million, a 26.4% increase from Q4 2021's $46.1 million. Total revenues for 2022 were $236.2 million, up 24.8% from $189.3 million in 2021. The company also announced a quarterly cash dividend of $0.20 per share, payable on March 17, 2023. Net income for Q4 2022 was $10.8 million ($1.90 per share diluted), marking a 41.8% increase year-over-year. Challenges included increased production costs, yet overall performance was buoyed by rising demand in construction, industrial, and oil and gas sectors.
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.