Loading...
•
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...