Loading...
•
Dec 31, 2020
US Lime Q4 2020 Earnings Report
Reported an increase in revenue and net income compared to Q4 2019.
Key Takeaways
United States Lime & Minerals reported an increase in revenue for Q4 2020, driven by increased sales of lime and limestone products, including contributions from the Carthage acquisition. Gross profit also increased due to higher average selling prices and lower fuel costs. The company's net income increased by 45.3% compared to Q4 2019.
Q4 2020 revenues increased by 8.0% compared to Q4 2019.
Carthage Crushed Limestone contributed $2.3 million to Q4 2020 revenues.
Gross profit increased by 34.8% compared to Q4 2019.
Net income increased by 45.3% compared to Q4 2019.
Forward Guidance
The company anticipates a continued slowdown in economic activity due to the COVID-19 pandemic, which may adversely impact the demand for its lime and limestone products and put downward pressure on prices. However, they are encouraged by strong demand from construction customers and the return of demand from steel and power generation customers.
Positive Outlook
- Strong demand from construction customers.
- Return of demand from steel customers.
- Return of demand from power generation customers.
- Carthage acquisition complementing geographic footprint.
- Focus on employee safety.
Challenges Ahead
- Economic slowdown impacting oil and gas services customers.
- COVID-19 pandemic causing economic uncertainty.
- Potential adverse impact on demand for lime and limestone products.
- Potential downward pressure on prices.
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...