Overview
United States Lime & Minerals Q3 revenue grows 14.1% yr/yr, driven by higher sales volumes
Net income for Q3 rises 16.3% yr/yr, supported by construction demand
Company declares regular quarterly cash dividend of $0.06 per share
Outlook
Company anticipates mixed demand with strong construction offset by weaker other sectors
Result Drivers
CONSTRUCTION DEMAND - Strong demand from construction sector, especially data center projects, boosted sales volumes
PRICE AND VOLUME INCREASES - Revenue growth driven by higher sales volumes and average selling prices of lime and limestone products
OIL AND GAS DECLINE - Sales volume to oil and gas services customers decreased, partially offsetting overall sales growth
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$102.01 mln
$102 mln
Q3 Net Income
$38.78 mln
Q3 Dividend
$0.06
Q3 Gross Profit
$52.18 mln
Q3 Operating Profit
$46.26 mln
Analyst Coverage
The one available analyst rating on the shares is "buy"
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 $125.00, about 3.3% below its October 28 closing price of $129.14
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 21 three months ago
Press Release: ID:nGNXVJYJX
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(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.)