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Mar 31, 2022
US Lime Q1 2022 Earnings Report
Reported increased revenue and net income due to increased sales volumes and average selling prices.
Key Takeaways
United States Lime & Minerals reported a strong first quarter in 2022, with revenues increasing by 22.2% to $50.9 million and net income increasing by 23.3% to $8.7 million, driven by higher sales volumes and prices. The company is addressing rising costs and supply chain issues by increasing prices.
Revenue increased by 22.2% compared to Q1 2021, reaching $50.9 million.
Lime and limestone revenues increased by 21.6% to $50.3 million.
Net income increased by 23.3% to $8.7 million ($1.53 per share diluted).
Gross profit increased by 22.5% to $14.5 million.
Forward Guidance
The Company is continuing to experience rising costs, particularly those associated with energy and transportation and is challenged by ongoing supply chain delays and disruptions which, if they persist, could adversely affect the Company’s profitability. The Company is increasing the prices of its lime and limestone products in an effort to mitigate the effects of its increasing costs.
Positive Outlook
- Continuing to increase the prices of lime and limestone products.
- Increased demand from construction customers.
- Increased demand from industrial customers.
- Increased demand from environmental customers.
- Increased demand from oil and gas services customers.
Challenges Ahead
- Rising costs associated with energy.
- Rising costs associated with transportation.
- Ongoing supply chain delays.
- Ongoing supply chain disruptions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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