United States Lime & Minerals Reports Third Quarter 2026 Results and Declares Regular Quarterly Cash Dividend

Higher transportation and fuel costs and Texas kiln integration inefficiencies weighed on gross profit despite revenue growth.

Rhea-AI Summary

United States Lime & Minerals (NASDAQ: USLM) reported third-quarter 2026 revenue of $106.2 million, with higher sales but lower earnings. Revenue rose 4.1% year over year, while net income fell 1.9% to $38.0 million and diluted earnings per share declined to $1.32 from $1.35. Gross profit decreased 2.7% to $50.8 million, reflecting higher transportation and fuel costs and Texas kiln integration inefficiencies.

For the first nine months, revenue increased 2.9% to $293.1 million; net income decreased 0.6% to $103.1 million. Steel demand supported volumes, partly offset by weaker construction demand in the quarter and roof shingle demand over nine months. The company expects final Texas kiln commissioning in the fourth quarter. A regular $0.06-per-share dividend is payable December 11, 2026, to holders of record November 20, 2026.

9 points · 0 major

MixediHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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How the balance worksHow Sentiment works

0 major · 12 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointThird-quarter revenue increased 4.1% year over year to $106.2 million.
• Minor pointNine-month revenue increased 2.9% year over year to $293.1 million.
• Minor pointSales prices and volumes increased modestly in both periods, with steel demand supporting volumes.
• Minor pointNine-month selling, general and administrative expenses decreased 1.5% to $18.1 million.
• Minor pointThird-quarter other income, net increased to $3.800 million from $3.416 million, primarily on higher cash balances.

4 minor points

• Minor pointNine-month other income, net increased to $10.403 million from $9.605 million, primarily on higher cash balances.
• Minor point. Forward-looking: it has not happened yet and may not happen.Texas kiln began intermittent quicklime production in the third quarter; final commissioning is expected in the fourth quarter.
• Minor pointCurrent assets increased to $543.338 million at September 30, 2026, from $455.316 million at December 31, 2025.
• Minor pointStockholders’ equity increased to $733.833 million at September 30, 2026, from $630.760 million at December 31, 2025.

Negative

• Moderate pointThird-quarter net income fell 1.9% to $38.0 million; diluted earnings per share fell to $1.32 from $1.35.
• Moderate pointThird-quarter gross profit decreased 2.7% year over year to $50.8 million.
• Moderate pointThird-quarter operating profit declined to $44.702 million from $46.262 million a year earlier.
• Minor pointNine-month net income fell 0.6% to $103.1 million; diluted earnings per share fell to $3.58 from $3.61.
• Minor pointNine-month gross profit decreased 0.7% year over year to $139.2 million.

7 minor points

• Minor pointHigher transportation and fuel costs and Texas kiln integration inefficiencies weighed on gross profit in both periods.
• Minor pointNine-month operating profit declined to $121.140 million from $121.845 million a year earlier.
• Minor pointThird-quarter selling, general and administrative expenses rose 2.3% year over year to $6.1 million.
• Minor pointConstruction customer demand declined in the third quarter, partly offsetting increased steel demand.
• Minor pointRoof shingle customer demand declined over the first nine months, partly offsetting increased steel demand.
• Minor pointLarge construction projects recently experienced delays, including permitting; the company is monitoring indications of slowing Texas residential construction.
• Minor pointDeferred tax liabilities, net rose to $36.494 million at September 30, 2026, from $22.999 million at December 31, 2025.

Argus 15 min delay 7 alerts

-5.92% vs previous close $105.00 last price 0.9x rel. volume Open Argus

Details

Market move: USLM -5.92% vs previous close. Q3 2026 earnings report

$105.00 – $115.50 Day Range

$3.01B Mkt Cap at Last Price

On Oct 30, the day this news came out, the latest delayed price for USLM is 5.92% below the previous close. Our momentum scanner has recorded 7 alerts for this stock so far that day. The latest delayed price is $105.00.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Q3 revenue: $106.2 million Q3 gross profit: $50.8 million Q3 net income: $38.0 million +5 more

Q3 revenue

$106.2 million

Q3 2026; up 4.1% from Q3 2025

Q3 gross profit

$50.8 million

Q3 2026; down 2.7% from Q3 2025

Q3 net income

$38.0 million

Q3 2026; down 1.9% from Q3 2025

Q3 diluted EPS

$1.32 per share

Q3 2026; compared with $1.35 in Q3 2025

Nine-month revenue

$293.1 million

First nine months 2026; up 2.9% from the comparable 2025 period

Nine-month net income

$103.1 million

First nine months 2026; down 0.6% from the comparable 2025 period

Quarterly cash dividend

$0.06 per share

Payable December 11, 2026; record date November 20, 2026

Texas kiln commissioning

Fourth quarter 2026

Expected completion of final commissioning

Previous Dividends,earnings Reports

1 past event · Latest: Oct 29

Same Type 1 event

1. Oct 29

   Q3 earnings

   24h Move

   -4.0%

   Q3 2025 revenue and profit figures provide the same-quarter year-ago comparison base for current results.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

sg&a, forward-looking statements, quicklime

3 terms

sg&a financial

"Selling, general and administrative (“SG&A”) expenses"

SG&A stands for Selling, General, and Administrative expenses. It includes the costs a company spends on selling products, running the business day-to-day, and managing staff, like advertising, rent, and salaries. These expenses matter because they affect how much profit a company can make from its sales.

forward-looking statements regulatory

"are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

quicklime technical

"began intermittently producing quicklime in the third quarter"

Quicklime is the common name for calcium oxide (CaO), a white, caustic solid made by heating limestone to drive off carbon dioxide. It reacts strongly with water to form slaked lime (calcium hydroxide) and releases heat in that process, and is used industrially for things like steelmaking, soil stabilization, water and flue‑gas treatment, and chemical manufacture. Because it is highly alkaline and generates heat when wet, it must be handled and stored to avoid chemical burns, moisture damage, and unwanted reactions; it is distinct from slaked lime, which is the hydrated form.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DALLAS, Oct. 30, 2026 (GLOBE NEWSWIRE) -- United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported third quarter 2026 results: The Company’s revenues in the third quarter 2026 were $106.2 million, compared to $102.0 million in the third quarter 2025, an increase of $4.2 million, or 4.1%. For the first nine months 2026, the Company’s revenues were $293.1 million, compared to $284.8 million in the first nine months 2025, an increase of $8.4 million, or 2.9%. The increase in revenues in the third quarter 2026, compared to the third quarter 2025, resulted primarily from modest increases in both average sales prices and sales volumes. Increased sales volumes were principally due to increased demand from the Company’s steel customers, partially offset by reduced demand from the Company’s construction customers. The increase in revenues in the first nine months 2026, compared to the first nine months 2025, resulted primarily from modest increases in both average sales prices and sales volumes. Increased sales volumes were principally due to increased demand from the Company’s steel customers, partially offset by reduced demand from the Company’s roof shingle customers.

The Company’s gross profit was $50.8 million in the third quarter 2026, compared to $52.2 million in the third quarter 2025, a decrease of $1.4 million, or 2.7%. The Company’s gross profit was $139.2 million in the first nine months 2026, compared to $140.2 million in the first nine months 2025, a decrease of $1.0 million, or 0.7%. The decreases in gross profit in the third quarter and first nine months 2026, compared to the comparable 2025 periods, resulted primarily from higher transportation and fuel costs, driven principally by higher diesel costs, and production inefficiencies experienced during the integration of our new Texas kiln into our existing plant operations.

Selling, general and administrative (“SG&A”) expenses were $6.1 million in the third quarter 2026, compared to $5.9 million in the third quarter 2025, an increase of $0.1 million, or 2.3%. SG&A expenses were $18.1 million in the first nine months 2026, compared to $18.4 million in the first nine months 2025, a decrease of $0.3 million, or 1.5%.

Other (income) expense, net was $3.8 million and $10.4 million income in the third quarter and first nine months 2026, compared to $3.4 million and $9.6 million income in the third quarter and first nine months 2025, increases of $0.4 million and $0.8 million, respectively. The increases in other (income) expense, net for the third quarter and first nine months 2026, compared to the comparable 2025 periods, were primarily due to interest earned on higher average balances of cash and cash equivalents.

The Company reported net income of $38.0 million ($1.32 per share diluted) and $103.1 million ($3.58 per share diluted) in the third quarter and first nine months 2026, compared to $38.8 million ($1.35 per share diluted) and $103.7 million ($3.61 per share diluted) in the third quarter and first nine months 2025, decreases of $0.7 million, or 1.9%, and $0.6 million, or 0.6%, respectively.

“We saw modest increases in both volumes and sales prices for our lime and limestone products in the third quarter 2026, while our expenses reflected the impact of the sharp rise in diesel prices,” said Timothy W. Byrne, President and Chief Executive Officer. “Although we remain optimistic regarding overall construction demand in the future, certain large construction projects have recently experienced delays for various reasons, including securing permits, and we are monitoring indications that Texas’ residential construction is beginning to slow down. The new kiln at our Texas facility began intermittently producing quicklime in the third quarter, and we expect to have final commissioning completed in the fourth quarter. To that end, our costs in Texas have been impacted by production inefficiencies as we continue to integrate the new kiln into our existing plant operations,” Mr. Byrne added.

Dividend

The Company announced today that the Board of Directors has declared a regular quarterly cash dividend of $0.06 per share on the Company’s common stock. This dividend is payable on December 11, 2026 to stockholders of record at the close of business on November 20, 2026.

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 demand, costs, production, and the new Texas kiln, 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

(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,
	2026				2025				2026				2025
INCOME STATEMENTS
Revenues	$	106,188			$	102,016			$	293,147			$	284,787
Cost of revenues		55,420				49,827				153,905				144,564
Gross profit	$	50,768			$	52,189			$	139,242			$	140,223
Selling, general and administrative expenses		6,066				5,927				18,102				18,378
Operating profit	$	44,702			$	46,262			$	121,140			$	121,845
Other (income) expense, net		(3,800	)			(3,416	)			(10,403	)			(9,605	)
Income tax expense		10,460				10,896				28,409				27,724
Net income	$	38,042			$	38,782			$	103,134			$	103,726
Income per share of common stock:
Basic	$	1.33			$	1.35			$	3.60			$	3.62
Diluted	$	1.32			$	1.35			$	3.58			$	3.61
Weighted-average shares outstanding:
Basic		28,689				28,639				28,682				28,633
Diluted		28,778				28,738				28,775				28,730
Cash dividends per share of common stock	$	0.06			$	0.06			$	0.18			$	0.18
									September 30,				December 31,
									2026				2025
BALANCE SHEETS
Assets:
Current assets									$	543,338			$	455,316
Property, plant and equipment, net										250,574				221,421
Other non-current assets										4,517				4,307
Total assets									$	798,429			$	681,044
Liabilities and Stockholders’ Equity:
Current liabilities									$	24,376			$	23,632
Deferred tax liabilities, net										36,494				22,999
Other long-term liabilities										3,726				3,653
Stockholders’ equity										733,833				630,760
Total liabilities and stockholders’ equity									$	798,429			$	681,044

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were USLM’s third-quarter 2026 earnings and revenue?

USLM reported $106.2 million in revenue and $38.0 million in net income for the third quarter of 2026. Revenue increased 4.1% year over year, while net income decreased 1.9%. Diluted earnings per share were $1.32, compared with $1.35 a year earlier.

When will USLM pay its declared quarterly dividend?

USLM will pay its regular quarterly cash dividend of $0.06 per common share on December 11, 2026. Stockholders of record at the close of business on November 20, 2026, are eligible.