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Dec 31, 2022
US Lime Q4 2022 Earnings Report
Reported increased revenues and net income for Q4 2022.
Key Takeaways
United States Lime & Minerals reported a strong fourth quarter with revenues increasing by 26.4% to $58.3 million and net income increasing by 41.8% to $10.8 million. The company attributes the revenue increase to higher sales volumes and average selling prices for lime and limestone products driven by demand from construction, industrial, and oil and gas services customers. The Board of Directors declared a regular quarterly cash dividend of $0.20 per share.
Revenues increased by 26.4% to $58.3 million compared to Q4 2021.
Lime and limestone revenues increased by 27.0% to $57.8 million compared to Q4 2021.
Net income increased by 41.8% to $10.8 million compared to Q4 2021.
The Board of Directors declared a quarterly cash dividend of $0.20 per share.
US Lime
US Lime
Forward Guidance
The company did not provide specific forward guidance in the release.