Solid Growth for United States Lime & Minerals in Q1 2025

United States Lime & Minerals Excels in First Quarter 2025

United States Lime & Minerals, Inc. (NASDAQ: USLM) recently announced its financial results for the first quarter of 2025, revealing a remarkable boost in revenue compared to the previous year. The company reported revenues of $91.3 million for the quarter, representing a substantial increase of $19.6 million or 27.3% from the $71.7 million achieved in the first quarter of 2024. This impressive growth is attributed to the heightened sales volumes of lime and limestone products directed primarily towards the construction and environment sectors alongside an uptick in average selling prices.

Significant Profit Increase

Gross profit for United States Lime & Minerals reached $46.2 million, marking a striking growth of 50.8%, up from $30.6 million year-over-year. The surge in profits is closely tied to the overall revenue growth discussed earlier, indicating sound management and operational efficiency during the quarter.

Managing Expenses Effectively

Despite the substantial increases in revenue and profits, the company reported selling, general, and administrative (SG&A) expenses of $6.3 million, which also saw a rise of $1.4 million or 29.2% from $4.8 million reported in the first quarter of 2024. This increase in expenses primarily stemmed from higher personnel costs, including stock-based compensation initiatives, reflecting the company's commitment to investing in its workforce.

Net Income Growth

United States Lime & Minerals declared net income of $34.1 million, equivalent to $1.19 per diluted share. This figure is an increase of $11.7 million or 52.0% from the previous year’s net income of $22.4 million ($0.78 per diluted share). This growth trajectory illustrates the resilience and competitive edge of the company in a dynamic market environment.

Dividend Declaration

In addition to the strong quarterly performance, United States Lime & Minerals' Board of Directors has declared a regular quarterly cash dividend of $0.06 per share on the company’s outstanding common stock. Shareholders of record by May 23, 2025, can expect this dividend to be payable on June 13, 2025, further showcasing the company's ongoing commitment to shareholder value.

Company Overview

United States Lime & Minerals, Inc. is a notable name in the lime and limestone products sector, catering to various industries including construction, environmental services, metal production, and agriculture. With manufacturing and distribution facilities spread across multiple states, the company stands strong in its ability to meet diverse customer needs, thereby reinforcing its market position.

Commitment to Growth and Stability

The leadership, under the guidance of Timothy W. Byrne, President and Chief Executive Officer, has expressed satisfaction regarding the robust demand from construction customers. The unwavering demand is fueled by large, ongoing construction projects that significantly contribute to their quarter-to-quarter performance.

Frequently Asked Questions

1. What were the revenue figures for United States Lime & Minerals in Q1 2025?

The revenue for the first quarter of 2025 was $91.3 million, up 27.3% from the previous year.

2. What caused the increase in gross profit?

The increase in gross profit to $46.2 million was primarily due to higher sales volumes and average selling prices of lime and limestone products.

3. When is the declared cash dividend payable?

The cash dividend of $0.06 per share is payable on June 13, 2025, to shareholders of record by May 23, 2025.

4. Who is the CEO of United States Lime & Minerals?

Timothy W. Byrne serves as the President and Chief Executive Officer of United States Lime & Minerals.

5. What industries does United States Lime & Minerals serve?

The company serves various industries including construction, environmental, industrial, and agriculture.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

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