United States Lime & Minerals Reports Third Quarter 2025 Results And Declares Regular Quarterly Cash Dividend
MWN-AI** Summary
United States Lime & Minerals, Inc. (NASDAQ: USLM) reported robust financial results for the third quarter of 2025, showcasing significant growth in both revenues and net income compared to the same period in 2024. Revenues soared to $102.0 million, a 14.1% increase from $89.4 million last year, driven by higher sales volumes and average selling prices of lime and limestone products, particularly from construction, environmental, and steel sectors. For the first nine months of 2025, total revenues reached $284.8 million, reflecting a 19.8% growth over $237.7 million in 2024.
Gross profit rose markedly by 21.1% in the third quarter to $52.2 million, and by 29.2% to $140.2 million for the year-to-date period. These increases correlate closely with the revenue upturn. Selling, general, and administrative (SG&A) expenses also rose, totaling $5.9 million in the third quarter compared to $5.0 million in the previous year, primarily due to elevated personnel costs.
Net income for the third quarter was reported at $38.8 million ($1.35 per diluted share), which represents a 16.3% increase from $33.4 million in the same period last year. Year-to-date net income stood at $103.7 million ($3.61 per diluted share), a 26.7% increase from $81.8 million.
In a move to reward shareholders, the Board of Directors declared a regular quarterly cash dividend of $0.06 per share, payable on December 12, 2025. CEO Timothy W. Byrne expressed satisfaction with the company’s performance amid solid demand in the construction sector, although he noted a mixed demand outlook moving forward. Overall, USLM continues to show strong momentum in its operational and financial performance as it serves a diverse range of industries.
MWN-AI** Analysis
United States Lime & Minerals, Inc. (NASDAQ: USLM) has posted strong financial results for the third quarter of 2025, showcasing a solid revenue increase of 14.1% year-over-year, driven by growth in sales volumes and average selling prices for its lime and limestone products. The company’s net income also rose significantly, reflecting the robust demand from its construction, environmental, and steel industry customers, although softer demand from the oil and gas sector was noted.
For investors, USLM’s ability to achieve a gross profit margin of approximately 51% in the latest quarter, up from around 48% in the previous year, is an encouraging sign of operational efficiency and pricing power. The company's proactive management of expenses, despite a rise in selling, general, and administrative costs, highlights its commitment to maintaining profitability.
Moreover, the declaration of a quarterly cash dividend of $0.06 per share reflects management's confidence in future earnings. While the yield remains modest, the increasing dividend could appeal to income-focused investors. Given the anticipated mixed demand landscape, potential shareholders should evaluate the concerns about reliance on construction and shifts in demand across sectors.
Risk factors remain, particularly the reliance on external economic conditions influencing construction and industrial demand. Investors should monitor the company's strategic pivots, especially in response to fluctuating oil and gas demand, which constituted a sizable portion of their sales.
As USLM shares its outlook for the upcoming quarters, the combination of a stable dividend, solid positioning in the construction market, and overall positive earnings growth makes USLM an appealing option for a well-rounded investment portfolio. However, vigilance regarding industry trends and broader economic conditions will be crucial for sustaining performance.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
DALLAS, Oct. 29, 2025 (GLOBE NEWSWIRE) -- United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported third quarter 2025 results: The Company’s revenues in the third quarter 2025 were $102.0 million, compared to $89.4 million in the third quarter 2024, an increase of $12.6 million, or 14.1%. For the first nine months 2025, the Company’s revenues were $284.8 million, compared to $237.7 million in the first nine months 2024, an increase of $47.1 million, or 19.8%. The increases in revenues in the third quarter and first nine months 2025, compared to the comparable 2024 periods, resulted from increases in sales volumes and average selling prices of the Company’s lime and limestone products. The increases in sales volumes for the 2025 periods were principally due to the Company’s construction, environmental, and steel customers, partially offset by decreases in sales volume to the Company’s oil and gas services customers.
The Company’s gross profit was $52.2 million in the third quarter 2025, compared to $43.1 million in the third quarter 2024, an increase of $9.1 million, or 21.1%. The Company’s gross profit in the first nine months 2025 was $140.2 million, compared to $108.5 million in the first nine months 2024, an increase of $31.7 million, or 29.2%. The increases in gross profit in the third quarter and first nine months 2025, compared to the comparable 2024 periods, resulted primarily from the increases in revenues discussed above.
Selling, general and administrative (“SG&A”) expenses were $5.9 million in the third quarter 2025, compared to $5.0 million in the third quarter 2024, an increase of $1.0 million, or 19.1%. SG&A expenses were $18.4 million in the first nine months 2025, compared to $14.7 million in the first nine months 2024, an increase of $3.7 million, or 25.0%. The increases in SG&A expenses in the third quarter and first nine months 2025, compared to the comparable 2024 periods, were primarily due to increased personnel expenses, including stock-based compensation.
Other (income) expense, net was $3.4 million and $9.6 million income in the third quarter and first nine months 2025, compared to $3.1 million and $8.4 million income in the third quarter and first nine months 2024, reflecting increases of $0.4 million and $1.2 million, respectively. The increases in other (income) expense, net for the third quarter and first nine months 2025, compared to the comparable 2024 periods, were primarily due to interest earned on higher average balances of cash and cash equivalents.
The Company reported net income of $38.8 million ($1.35 per share diluted) and $103.7 million ($3.61 per share diluted) in the third quarter and first nine months 2025, compared to $33.4 million ($1.16 per share diluted) and $81.8 million ($2.85 per share diluted) in the third quarter and first nine months 2024, reflecting increases of $5.4 million, or 16.3%, and $21.9 million, or 26.7%, respectively.
“We are pleased with the Company’s continued strong financial performance in the third quarter 2025. Demand from our construction customers remained solid, supported by the construction of large data centers in the regions that we serve,” said Timothy W. Byrne, President and Chief Executive Officer. “Looking ahead, we anticipate a more mixed demand picture, with ongoing data center construction demand being partially offset by softer demand from some of the other industries that we serve,” Mr. Byrne added.
Dividend
The Company announced today that the Board of Directors has declared a regular quarterly cash dividend of $0.06 per share on the Company’s common stock. This dividend is payable on December 12, 2025 to shareholders of record at the close of business on November 21, 2025.
United States Lime & Minerals, Inc., a NASDAQ-listed public company with headquarters in Dallas, Texas, is a manufacturer of lime and limestone products, supplying primarily the construction (including highway, road and building contractors), industrial (including paper and glass manufacturers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), metals (including steel producers), roof shingle manufacturers, agriculture (including poultry producers), and oil and gas services industries. The Company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas through its wholly owned subsidiaries, Arkansas Lime Company, ART Quarry TRS LLC (DBA Carthage Crushed Limestone), Colorado Lime Company, Mill Creek Dolomite, LLC, Texas Lime Company, U.S. Lime Company, U.S. Lime Company-Shreveport, U.S. Lime Company-St. Clair, and U.S. Lime Company-Transportation. In addition, the Company, through its wholly owned subsidiary, U.S. Lime Company-O & G, LLC, has royalty and non-operated working interests in natural gas wells located in Johnson County, Texas, in the Barnett Shale Formation.
Any statements contained in this News Release, including, but not limited to, statements relating to demand, that are not statements of historical fact are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to publicly update or revise any forward-looking statements, and investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from expectations, including without limitation those risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.
(Tables Follow)
| United States Lime & Minerals, Inc. CONDENSED CONSOLIDATED FINANCIAL DATA (In thousands, except per share amounts) (Unaudited) | |||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||
| September 30, | September 30, | ||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| INCOME STATEMENTS | |||||||||||||||||
| Revenues | $ | 102,016 | $ | 89,427 | $ | 284,787 | $ | 237,659 | |||||||||
| Cost of revenues | 49,827 | 46,314 | 144,564 | 129,117 | |||||||||||||
| Gross profit | $ | 52,189 | $ | 43,113 | $ | 140,223 | $ | 108,542 | |||||||||
| Selling, general and administrative expenses | 5,927 | 4,976 | 18,378 | 14,706 | |||||||||||||
| Operating profit | $ | 46,262 | $ | 38,137 | $ | 121,845 | $ | 93,836 | |||||||||
| Other (income) expense, net | (3,416 | ) | (3,061 | ) | (9,605 | ) | (8,387 | ) | |||||||||
| Income tax expense | 10,896 | 7,845 | 27,724 | 20,374 | |||||||||||||
| Net income | $ | 38,782 | $ | 33,353 | $ | 103,726 | $ | 81,849 | |||||||||
| Income per share of common stock: | |||||||||||||||||
| Basic | $ | 1.35 | $ | 1.17 | $ | 3.62 | $ | 2.86 | |||||||||
| Diluted | $ | 1.35 | $ | 1.16 | $ | 3.61 | $ | 2.85 | |||||||||
| Weighted-average shares outstanding: | |||||||||||||||||
| Basic | 28,639 | 28,594 | 28,633 | 28,574 | |||||||||||||
| Diluted | 28,738 | 28,727 | 28,730 | 28,683 | |||||||||||||
| Cash dividends per share of common stock | $ | 0.06 | $ | 0.05 | $ | 0.18 | $ | 0.15 | |||||||||
| September 30, | December 31, | ||||||||||||||||
| 2025 | 2024 | ||||||||||||||||
| BALANCE SHEETS | |||||||||||||||||
| Assets: | |||||||||||||||||
| Current assets | $ | 440,286 | $ | 354,782 | |||||||||||||
| Property, plant and equipment, net | 207,912 | 182,891 | |||||||||||||||
| Other non-current assets | 4,606 | 5,490 | |||||||||||||||
| Total assets | $ | 652,804 | $ | 543,163 | |||||||||||||
| Liabilities and Stockholders’ Equity: | |||||||||||||||||
| Current liabilities | $ | 23,146 | $ | 16,962 | |||||||||||||
| Deferred tax liabilities, net | 23,414 | 23,659 | |||||||||||||||
| Other long-term liabilities | 3,975 | 4,801 | |||||||||||||||
| Stockholders’ equity | 602,269 | 497,741 | |||||||||||||||
| Total liabilities and stockholders’ equity | $ | 652,804 | $ | 543,163 |
| Contact: Timothy W. Byrne |
| (972) 991-8400 |
FAQ**
How does the growth in revenues for United States Lime & Minerals Inc. (USLM) in the third quarter of 2025 compare to industry trends, particularly in the construction and environmental sectors?
What strategies is United States Lime & Minerals Inc. (USLM) implementing to offset the decreasing sales volume to oil and gas services customers, while maintaining strong growth in construction revenues?
Given the recent increase in SG&A expenses at United States Lime & Minerals Inc. (USLM), how does the company plan to manage these costs moving forward while sustaining overall profitability?
What factors might influence the dividend policy of United States Lime & Minerals Inc. (USLM) in light of its current financial performance and forecasted mixed demand in the coming quarters?
**MWN-AI FAQ is based on asking OpenAI questions about United States Lime & Minerals Inc. (NASDAQ: USLM).
NASDAQ: USLM
USLM Trading
-3.19% G/L:
$116.67 Last:
44,222 Volume:
$117.88 Open:
