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United States Lime & Minerals (USLM) investor relations material

United States Lime & Minerals Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary29 Oct, 2025

Executive summary

  • Revenues increased 14.1% in Q3 2025 and 19.8% for the first nine months year-over-year, driven by higher sales volumes and increased average selling prices, especially to construction, environmental, and steel customers, partially offset by lower demand from oil and gas services customers.

  • Net income reached $38.8 million ($1.35 per diluted share) in Q3 2025, up 16.3% year-over-year; nine-month net income was $103.7 million ($3.61 per diluted share), up 26.7%.

  • Gross profit rose 21.1% in Q3 and 29.2% for the first nine months, reflecting the revenue growth.

  • Strong demand from construction, environmental, and steel customers offset weaker oil and gas services demand.

  • Construction began in 2024 on a new vertical kiln at the Texas Lime Company plant, with estimated costs of $65 million and completion expected in 2026.

Financial highlights

  • Q3 2025 revenues: $102.0 million (Q3 2024: $89.4 million); nine months: $284.8 million (2024: $237.7 million).

  • Q3 2025 gross profit: $52.2 million (Q3 2024: $43.1 million); nine months: $140.2 million (2024: $108.5 million).

  • Q3 2025 operating profit: $46.3 million (Q3 2024: $38.1 million); nine months: $121.8 million (2024: $93.8 million).

  • Cash and cash equivalents at September 30, 2025: $349.5 million, up from $278.0 million at December 31, 2024.

  • Stockholders' equity increased to $602.3 million as of September 30, 2025, from $497.7 million at year-end 2024.

Outlook and guidance

  • Ongoing demand from data center construction is expected to continue, partially offset by softer demand in other served industries.

  • Sufficient cash and cash flows from operations are expected to meet operating, capital, and dividend needs in the near future, barring significant acquisitions.

Quantify data center demand impact on revenue
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What is the strategy for high cash balances?
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Frequently asked questions

United States Lime & Minerals Inc. (US Lime & Minerals) specializes in the manufacturing and supplying of lime and limestone products. Its product range encompasses high calcium quicklime, hydrated lime, limekiln dust, lime slurry, and high calcium limestone. The company engages in the extraction of limestone from both open-pit quarries and an underground mine, further processing it into various products such as pulverized limestone, quicklime, hydrated lime, and lime slurry. US Lime & Minerals primarily serves the construction sector, including highway, road, and building contractors, as well as industries such as industrial, metals, environmental, roof shingle manufacturing, agricultural, and oil and gas services. The company operates through two business segments: Lime and Limestone Operations, covering facilities in Arkansas, Colorado, Louisiana, Oklahoma, and Texas, and Natural Gas Interests, holding non-operating interest in natural gas properties. The company is headquartered in Dallas, Texas, and its shares are listed on the NASDAQ.

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