United States Lime & Minerals Reports First Quarter 2025 Results and Declares Regular Quarterly Cash Dividend
Rhea-AI Summary
United States Lime & Minerals reported strong Q1 2025 financial results, with revenues reaching $91.3 million, up 27.3% from $71.7 million in Q1 2024. Net income grew 52% to $34.1 million ($1.19 per share), compared to $22.4 million ($0.78 per share) in Q1 2024.
The company saw increased sales volumes of lime and limestone products, particularly from construction and environmental customers, along with higher average selling prices. Gross profit jumped 50.8% to $46.2 million, while SG&A expenses increased 29.2% to $6.3 million due to higher personnel costs.
The Board declared a quarterly cash dividend of $0.06 per share, payable June 13, 2025. The company operates lime and limestone facilities across six states, serving construction, industrial, environmental, metals, and oil and gas industries.
Positive
- Revenue increased 27.3% to $91.3M in Q1 2025 vs Q1 2024
- Gross profit surged 50.8% to $46.2M in Q1 2025
- Net income grew 52% to $34.1M ($1.19 per share)
- Higher interest income from increased cash balances
- Strong demand from construction customers and large ongoing projects
Negative
- SG&A expenses increased 29.2% to $6.3M due to higher personnel costs
News Market Reaction
On the day this news was published, USLM gained 4.80%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
DALLAS, April 30, 2025 (GLOBE NEWSWIRE) -- United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported first quarter 2025 results: The Company’s revenues in the first quarter 2025 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
“We are pleased with the Company’s strong financial performance in the first quarter 2025. We continued to see solid demand from our construction customers during the quarter, which was further amplified by some large, ongoing construction projects,” said Timothy W. Byrne, President and Chief Executive Officer.
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), 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.
Contact: Timothy W. Byrne
(972) 991-8400
| United States Lime & Minerals, Inc. CONDENSED CONSOLIDATED FINANCIAL DATA (In thousands, except per share amounts) (Unaudited) | |||||||||
| Three Months Ended | |||||||||
| March 31, | |||||||||
| 2025 | 2024 | ||||||||
| INCOME STATEMENTS | |||||||||
| Revenues | $ | 91,253 | $ | 71,687 | |||||
| Cost of revenues | 45,097 | 41,080 | |||||||
| Gross profit | $ | 46,156 | $ | 30,607 | |||||
| Selling, general and administrative expenses | 6,262 | 4,848 | |||||||
| Operating profit | $ | 39,894 | $ | 25,759 | |||||
| Other (income) expense, net | (3,091 | ) | (2,540 | ) | |||||
| Income tax expense | 8,872 | 5,860 | |||||||
| Net income | $ | 34,113 | $ | 22,439 | |||||
| Income per share of common stock: | |||||||||
| Basic | $ | 1.19 | $ | 0.79 | |||||
| Diluted | $ | 1.19 | $ | 0.78 | |||||
| Weighted-average shares outstanding: | |||||||||
| Basic | 28,623 | 28,537 | |||||||
| Diluted | 28,719 | 28,623 | |||||||
| Cash dividends per share of common stock | $ | 0.06 | $ | 0.05 | |||||
| March 31, | December 31, | ||||||||
| 2025 | 2024 | ||||||||
| BALANCE SHEETS | |||||||||
| Assets: | |||||||||
| Current assets | $ | 388,337 | $ | 354,782 | |||||
| Property, plant and equipment, net | 191,810 | 182,891 | |||||||
| Other non-current assets | 5,108 | 5,490 | |||||||
| Total assets | $ | 585,255 | $ | 543,163 | |||||
| Liabilities and Stockholders’ Equity: | |||||||||
| Current liabilities | $ | 25,391 | $ | 16,962 | |||||
| Deferred tax liabilities, net | 23,088 | 23,659 | |||||||
| Other long-term liabilities | 4,569 | 4,801 | |||||||
| Stockholders’ equity | 532,207 | 497,741 | |||||||
| Total liabilities and stockholders’ equity | $ | 585,255 | $ | 543,163 | |||||
FAQ
How much did USLM earnings increase in Q1 2025 compared to Q1 2024?
What is the Q2 2025 dividend payment date for USLM stock?
What drove USLM's revenue growth in Q1 2025?
How much revenue did USLM generate in Q1 2025?
What was USLM's gross profit margin in Q1 2025?
