United States Lime & Minerals Q2 revenue rises on higher construction, steel demand - USLM News | RalliesUnited States Lime & Minerals Q2 revenue rises on higher construction, steel demand
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USLM• Outlook
- Company anticipates data center projects will continue to support strong construction demand
- United States Lime & Minerals expects new kiln at Texas facility to come online this summer
Overview
- US lime and limestone producer's Q2 revenue rose 8.3% yr/yr on higher construction and steel demand
- Q2 net income increased 11.9% to $34.5 mln
- Company maintained quarterly dividend at $0.06 per share
Result drivers
- Construction and steel demand - Co said increased sales volumes were mainly due to higher demand from construction and steel customers
- Higher fuel and transportation costs - Gross profit gains were partially offset by increased fuel and transportation expenses
- Lower SG&A expenses - SG&A expenses declined due to decreased stock-based compensation
Key details and analyst coverage
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| Metric | Beat/Miss | Actual | Consensus Estimate |
|
| Q2 Gross Profit | | $46.72 mln | |
| Q2 Operating Profit | | $40.66 mln | |
- The one available analyst rating on the shares is "buy"
- The average consensus recommendation for the construction materials peer group is "buy"
- Wall Street's median 12-month price target for United States Lime & Minerals Inc is $130.00, about 14.3% above its July 28 closing price of $113.74
- The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago
