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USLM — United States Lime & Minerals News Story

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US Lime & Minerals' Q3 revenue grows on strong construction demand

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

MetricBeat/MissActualConsensus 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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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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