10-K · February 26, 2026
US Lime & Minerals (USLM) reported a stronger 2025 operational year: production rose to 4,687 thousand tons (from 3,851 in 2024), utilization improved to ~80% and quarterly results imply full-year revenue of ~$373.0M…
Earnings analysis · 10-Q
USLM earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
United States Lime & Minerals, Inc. (USLM) reported a revenue decline of 3.7% in Q1 2026 to $87.8 million, compared to $91.3 million in Q1 2025. Diluted EPS was $1.06, below the expected $1.20 and lower than $1.19 from…
Read full summary
United States Lime & Minerals, Inc. (USLM) reported a revenue decline of 3.7% in Q1 2026 to $87.8 million, compared to $91.3 million in Q1 2025. Diluted EPS was $1.06, below the expected $1.20 and lower than $1.19 from the previous year, contributing to an overall bearish sentiment as the company faces decreased demand from key sectors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.06
What stood out
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Revenue Declined 3.7% Year-Over-Year
Q1 2026 revenues were $87.8 million, down from $91.3 million in Q1 2025.
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Diluted EPS Missed Expectations
Reported diluted EPS of $1.06, missing the expected $1.20.
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Gross Profit Decline
Gross profit fell to $41.8 million in Q1 2026, down from $46.2 million in Q1 2025.
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Operating Cash Flow Decreased
Net cash provided by operating activities was $32.1 million, down 18.7% from $39.4 million last year.
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Increased Capital Expenditures
Capital expenditures increased to $18.3 million in Q1 2026 from $14.9 million in Q1 2025.
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Increase in Cash Reserves
Cash and cash equivalents rose to $383.2 million from $371.1 million at the end of 2025.
What to watch
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Decreased Sales Volumes
Sales volumes down 3.4% primarily due to reduced demand from construction, oil and gas sectors.
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Higher Fuel and Transportation Costs
Increased expenses reported affecting gross profit margins.
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Weather-Related Shipping Interruptions
Past weather disruptions affected delivery schedules, impacting ability to respond to demand.
Management's outlook
Management remains optimistic about demand recovery and the Texas kiln project; however, no explicit guidance was provided.
Earlier filings 4
10-K · February 27, 2025
US Lime & Minerals (USLM) presents a capital-light operating footprint with large limestone reserves (226,900 thousand tons as of December 31, 2024) and a permitted $65 million kiln expansion at its Texas Lime plant…
10-Q · October 31, 2024
US Lime reported a strong Q3: revenues rose to $89,427,000 (up 19.4% YoY), gross margin expanded to 48.2% and diluted EPS was $1.16. Operating cash flow and cash on hand increased materially (net cash provided by…
10-K · February 29, 2024
United States Lime & Minerals describes a regional, asset-heavy strategy centered on its Lime and Limestone Operations, producing crushed limestone, PLS, quicklime, hydrated lime and lime slurry from plants in AR, CO,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.