Quarterly ResultApr 29, 2026, 05:22 PM
USLM Q1 Revenue -3.7% to $87.8M; Net Income -10.4% to $30.6M; Declares Dividend
AI Summary
United States Lime & Minerals, Inc. reported a decrease in first-quarter 2026 financial results, with revenues falling 3.7% to $87.8 million and net income decreasing 10.4% to $30.6 million ($1.06 per diluted share). The decline was primarily attributed to decreased sales volumes from construction, oil and gas services, and roof shingle customers, partially offset by increased demand from steel customers and higher fuel and transportation costs. Despite the revenue decrease, the CEO expressed optimism for the remainder of the year and progress on a new kiln project, while the company also declared a regular quarterly cash dividend of $0.06 per share.
Key Highlights
- USLM Q1 2026 revenues decreased 3.7% to $87.8 million from $91.3 million in Q1 2025.
- Gross profit decreased 9.5% to $41.8 million in Q1 2026 from $46.2 million in Q1 2025.
- Net income for Q1 2026 was $30.6 million, down 10.4% from $34.1 million in Q1 2025.
- Diluted EPS was $1.06 in Q1 2026, compared to $1.19 in Q1 2025.
- Revenue decrease primarily due to lower sales volumes from construction, oil & gas, and roof shingle customers.
- Board declared a regular quarterly cash dividend of $0.06 per share, payable June 12, 2026.
- Company is optimistic about demand from construction customers and progress on a new kiln project.
- SG&A expenses decreased 4.7% to $6.0 million in Q1 2026, mainly due to lower personnel expenses.