Overview
United States Lime & Minerals Q2 revenue rises 19.6% but misses analyst expectations
Net income for Q2 increases 18.3%, driven by strong construction demand
Company declares regular quarterly cash dividend of $0.06 per share
Result Drivers
CONSTRUCTION DEMAND - Strong demand from construction customers contributed to revenue growth, per CEO Timothy W. Byrne
PRICE INCREASES - Higher average selling prices for lime and limestone products boosted revenues
SALES VOLUMES - Increased sales volumes to construction, environmental, and steel customers drove revenue growth
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$91.52 mln
$97 mln (1 Analyst)
Q2 Net Income
$30.83 mln
Q2 Dividend
$0.06
Q2 Gross Profit
$41.88 mln
Q2 Operating Profit
$35.69 mln
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the construction materials peer group is "buy."
Wall Street's median 12-month price target for United States Lime & Minerals Inc is $105.00, about 7.1% below its July 29 closing price of $112.50
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 20 three months ago
Press Release: ID:nGNX2BwTYv
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)