USLM - United States Lime & Minerals: Too Expensive To Consider Now
2024-06-12 12:55:51 ET
Summary
- US Lime & Minerals supplies construction, industrial, and metals sectors within a 400-mile radius, with plants running at 66% utilization rate in 2023.
- The company's financial performance in Q1 showed strong results with revenue and gross profit increasing by more than 25%.
- USLM announced a stock split, maintaining minimal dividend payments, and maintaining a strong balance sheet with a net cash position of more than $36 per share.
Introduction
United States Lime & Minerals ( USLM ) is a producer of lime and limestone products supplying the construction, industrial and metals sectors within a 400-mile radius of its plants. The plants ran at a utilization rate of 66% in 2023 and with a total reserve and resource basis of almost 400 million tonnes and an annual production of around 4 million tonnes....
United States Lime & Minerals: Too Expensive To Consider Now