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USLM — United States Lime & Minerals News Story

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Brief: United States Lime & Minerals Q2 Revenue USD 91.518 Million

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueMiss$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.)

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