United States Lime & Minerals ( (USLM) ) has released its Q4 earnings. Here is a breakdown of the information United States Lime & Minerals presented to its investors.
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United States Lime & Minerals, Inc. is a Dallas-based company that manufactures and supplies lime and limestone products to various industries, including construction, industrial, and environmental sectors, operating several plants and facilities across the United States.
United States Lime & Minerals, Inc. reported robust financial results for the fourth quarter and full year of 2024, showcasing a significant increase in revenue and net income. The company also announced a boost in its regular quarterly cash dividend, reflecting confidence in its financial performance.
In the fourth quarter of 2024, the company’s revenues rose to $80.1 million from $65.7 million in the same period of 2023, marking a 21.9% increase. For the full year, revenues reached $317.7 million, up 12.9% from the previous year. The increase was driven by higher average selling prices and increased sales volumes, particularly within the construction, environmental, and industrial sectors. Gross profit for the year surged by 40% to $144.0 million, while net income saw a 46% increase to $108.8 million, reflecting enhanced profitability.
Despite a slight decline in overall demand compared to 2023, the company’s strategic focus on price optimization and cost management resulted in improved financial metrics. SG&A expenses rose by 9.2% due to higher personnel costs, yet the company effectively managed other expenses to maintain a healthy bottom line.
Looking ahead, United States Lime & Minerals expressed guarded optimism for the early part of 2025, with an emphasis on maintaining strong financial performance through strategic market positioning and operational efficiencies.