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Mar 31, 2021
US Lime Q1 2021 Earnings Report
Reported an increase in revenue and net income for Q1 2021.
Key Takeaways
United States Lime & Minerals reported an increase in revenue by 8.4% and net income by 26.8% for the first quarter of 2021, driven by increased sales of lime and limestone products and improved operating efficiencies. The company's performance was also positively impacted by increased average selling prices.
Revenues increased by 8.4% to $41.7 million compared to Q1 2020.
Lime and limestone revenues increased by 8.2% to $41.4 million, with Carthage contributing $2.2 million.
Gross profit increased by 19.5% to $11.8 million compared to Q1 2020.
Net income increased by 26.8% to $7.0 million ($1.24 per share diluted) compared to Q1 2020.