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Sep 30, 2024
US Lime Q3 2024 Earnings Report
US Lime & Minerals reported an increase in revenue and net income for Q3 2024.
Key Takeaways
United States Lime & Minerals reported a strong third quarter with revenues increasing by 19.4% to $89.4 million and net income increasing by 60.9% to $33.4 million compared to the same quarter last year. The increase in revenue was driven by higher average selling prices and increased sales volumes, particularly to construction and roof shingle customers. Gross profit also saw a significant increase due to higher revenues and decreased operating expenses.
Revenue increased by 19.4% to $89.4 million compared to Q3 2023.
Net income increased by 60.9% to $33.4 million compared to Q3 2023.
Gross profit increased by 53.1% to $43.1 million compared to Q3 2023.
Increased demand from construction customers due to normalized weather conditions in the South-Central United States.
US Lime
US Lime
Forward Guidance
No specific forward guidance provided in the release.