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Sep 30, 2021
US Lime Q3 2021 Earnings Report
Reported third quarter 2021 results with revenue increase and net income growth.
Key Takeaways
United States Lime & Minerals reported a strong third quarter with revenues increasing by 19.6% to $52.3 million and net income rising by 21.3% to $11.3 million. The company benefited from increased sales across various customer segments and a slight price increase in lime and limestone products.
Third quarter revenue increased by 19.6% compared to the same period last year.
Lime and limestone revenues increased by 19.0% compared to the third quarter of 2020.
Net income increased by 21.3% compared to the third quarter of 2020.
The increase in gross profit resulted primarily from increased revenues and increased operating efficiencies.
US Lime
US Lime
Forward Guidance
The company is monitoring the evolving COVID-19 situation and will adjust operations as necessary, keeping the safety of our employees and other individuals at our facilities as our highest priority.
Positive Outlook
- Strong demand for lime and limestone products
- Success of second quarter 2021 results
- Increase sales to the Company’s construction customers
- Increase sales to the Company’s steel customers
- Increase sales to the Company’s industrial customers
Challenges Ahead
- Increasing fuel costs
- Encountering higher prices for inputs
- Continued challenges in the availability of labor
- Continued challenges in the availability of supplies and services
- Evolving COVID-19 situation