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Sep 30, 2022
US Lime Q3 2022 Earnings Report
Reported increased revenues and net income due to higher sales volumes and average selling prices.
Key Takeaways
United States Lime & Minerals reported a strong third quarter in 2022, with revenues increasing by 27.0% to $66.5 million and net income increasing by 39.1% to $15.7 million compared to the third quarter of 2021. The company benefited from increased demand from construction, agriculture, roofing, and oil and gas services customers, as well as an increase in average selling prices.
Revenues increased by 27.0% to $66.5 million compared to Q3 2021.
Lime and limestone revenues increased by 27.0% to $65.7 million compared to Q3 2021.
Net income increased by 39.1% to $15.7 million compared to Q3 2021.
Gross profit increased by 30.3% to $22.6 million compared to Q3 2021.
US Lime
US Lime
Forward Guidance
The company faces risks to production costs, supply chain, and freight and transportation, including the impact of foreign oil production cuts and potential railroad labor disputes.