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Jun 30, 2021
US Lime Q2 2021 Earnings Report
Reported an increase in revenue and net income compared to the same quarter last year.
Key Takeaways
United States Lime & Minerals reported a strong second quarter in 2021, with revenues increasing by 30.9% to $49.2 million and net income increasing by 81.8% to $11.1 million compared to Q2 2020. The company benefited from increased demand across various sectors and higher average selling prices.
Second quarter revenue increased by 30.9% compared to Q2 2020.
Lime and limestone revenue increased by 30.5% compared to Q2 2020.
Net income increased by 81.8% compared to Q2 2020.
Gross profit increased by 62.2% compared to Q2 2020.
US Lime
US Lime
Forward Guidance
The company anticipates continued challenges in the availability of labor and supplies and services. They will continue to monitor the evolving COVID-19 situation and adjust operations accordingly.
Challenges Ahead
- Continued challenges in the availability of labor.
- Continued challenges in the availability of supplies and services.
- Broader economy adjusts to its reopened status.
- Evolving COVID-19 situation.
- Possibility of new wide-spread or localized outbreaks of the virus could have a material adverse effect on our financial condition, results of operations, cash flows and competitive position.