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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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