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United States Lime & Minerals Q3 revenue rises on higher prices, volumes

By Reuters News


Overview

  • Lime and limestone producer's Q3 revenue rose 4% yr/yr on higher prices and volumes

  • Gross profit and net income fell due to higher costs and Texas kiln integration issues

  • Company maintained quarterly dividend at $0.06 per share


Outlook

  • Company monitoring signs of slowing residential construction demand in Texas

  • Company notes delays in large construction projects due to permitting and other issues

  • Company expects Texas kiln commissioning to be completed in fourth quarter


Result Drivers

  • STEEL DEMAND - Co said higher sales volumes were mainly driven by increased demand from steel customers, offset by lower construction demand

  • HIGHER COSTS - Co attributed lower gross profit to increased transportation and fuel costs, mainly from higher diesel prices, and production inefficiencies during Texas kiln integration


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$106.19 mln

$122 mln (1 Analyst)

Q3 EPS

$1.32

Q3 Net Income

$38.04 mln

Q3 Gross Profit

$50.77 mln

Q3 Operating Profit

$44.70 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 $132.00, about 15.9% above its October 29 closing price of $113.89

  • The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago


Reuters Recommended Reads

  • Oct 28 - Amrize Q3 revenue rises on higher prices

  • Oct 29 - Ireland's CRH Q3 revenue slightly misses on cost inflation

  • Oct 29 - Vulcan Q3 revenue declines and misses estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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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