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Dec 31, 2021
US Lime Q4 2021 Earnings Report
Reported increased revenues and net income for Q4 2021, driven by higher demand for lime and limestone products.
Key Takeaways
United States Lime & Minerals reported a revenue increase of 12.5% and a net income increase of 4.9% for Q4 2021 compared to Q4 2020. The revenue growth was primarily due to increased sales of lime and limestone products, driven by higher demand from environmental, construction, and industrial customers. Increased energy costs partially offset these gains.
Q4 2021 revenues increased by 12.5% to $46.1 million, compared to $41.0 million in Q4 2020.
Lime and limestone revenues increased by 12.0% to $45.5 million in Q4 2021, compared to $40.7 million in Q4 2020.
Net income increased by 4.9% to $7.6 million ($1.34 per share diluted) in Q4 2021, compared to $7.3 million ($1.28 per share diluted) in Q4 2020.
Gross profit increased slightly by 1.1% to $13.3 million in Q4 2021, compared to $13.2 million in Q4 2020.
Revenue by Segment
Forward Guidance
The Company is experiencing rising costs and supply chain delays or disruptions which, if they persist, could adversely affect the Company’s profitability. The Company believes that inflationary pressures and supply chain issues will continue to impact costs in 2022. The Company is increasing the prices of lime and limestone products in an effort to mitigate increasing costs.
Positive Outlook
- Increasing the prices of lime and limestone products in an effort to mitigate increasing costs.
Challenges Ahead
- Rising costs.
- Supply chain delays or disruptions.
- Inflationary pressures.
- Supply chain issues.
- Ongoing global pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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