United States Lime Q3 2026 net income falls 1.9%
Higher steel-customer demand supported sales volumes, partly offset by reduced demand from construction customers in the third quarter.
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Rhea-AI Filing Summary
United States Lime & Minerals (USLM) reported third-quarter 2026 revenue of $106.2 million, up 4.1% from $102.0 million a year earlier; net income was $38.0 million, down 1.9%, and diluted earnings per share were $1.32 versus $1.35. For the first nine months, revenue was $293.1 million, up 2.9%, while net income was $103.1 million, down 0.6%.
Third-quarter gross profit was $50.8 million, down 2.7%. The company attributed gross-profit declines in both periods primarily to higher transportation and fuel costs, especially diesel, and production inefficiencies while integrating its new Texas kiln. The kiln began intermittently producing quicklime in the third quarter; management expects final commissioning to be completed in the fourth quarter. Management also noted delays at certain large construction projects, including securing permits, and indications that Texas residential construction is beginning to slow. The board declared a regular quarterly cash dividend of $0.06 per share, payable December 11, 2026, to stockholders of record November 20, 2026.
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quicklime technical
final commissioning technical
forward-looking statements regulatory
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of | (Commission File Number) | (IRS Employer Identification No.) | ||
incorporation) | ||||
(Address of principal executive offices) | (Zip Code) | |||
(
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On October 30, 2026, United States Lime & Minerals, Inc. (the “Company”) issued a News Release announcing the financial results for the quarter and nine-months ended September 30, 2026. A copy of the News Release is attached hereto as Exhibit 99.1 and incorporated by reference herein in response to this Item 2.02.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
The Exhibit Index set forth below is incorporated by reference in response to this Item.
EXHIBIT INDEX
Exhibit | Exhibit | |
99.1 | News Release of United States Lime & Minerals, Inc. dated October 30, 2026. | |
104 | Cover Page Interactive Data File (formatted as Inline XBRL). |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, United States Lime & Minerals, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 30, 2026 | UNITED STATES LIME & MINERALS, INC. | |
By: | /s/ Michael L. Wiedemer | |
Michael L. Wiedemer, Vice President and | ||
Chief Financial Officer | ||
3
Exhibit 99.1
UNITED STATES LIME & MINERALS, INC. — NEWS RELEASE
FOR IMMEDIATE RELEASE | | | Contact: Timothy W. Byrne |
| | | (972) 991-8400 |
UNITED STATES LIME & MINERALS REPORTS THIRD QUARTER 2026
RESULTS AND DECLARES REGULAR QUARTERLY CASH DIVIDEND
Dallas, Texas, October 30, 2026 - 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.
(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 | |
- end -