United States Lime & Minerals, Inc. reported a notable increase in financial performance for the second quarter and first half of 2026, as detailed in its latest 10-Q filing. The company generated revenues of $99.1 million for the second quarter, marking an 8.3% increase from $91.5 million in the same period of 2025. For the first six months of 2026, revenues reached $187.0 million, up 2.3% from $182.8 million in the prior year. The growth in revenue was primarily driven by a 6.6% increase in sales volumes and a 1.7% rise in average selling prices for lime and limestone products, attributed to heightened demand from construction and steel sectors.
Gross profit for the second quarter of 2026 was reported at $46.7 million, an increase of 11.6% compared to $41.9 million in the second quarter of 2025. For the first half of 2026, gross profit was $88.5 million, slightly up from $88.0 million in the same period last year. The increase in gross profit was largely due to higher revenues, although it was partially offset by rising fuel and transportation costs. Net income for the second quarter was $34.5 million, or $1.20 per diluted share, compared to $30.8 million, or $1.07 per diluted share, in the prior year, reflecting an 11.9% increase. For the first six months, net income was $65.1 million, consistent with $2.26 per diluted share, a marginal increase from $64.9 million in the same period of 2025.
In terms of operational developments, the company has been actively investing in its infrastructure, particularly with the ongoing construction of a new vertical kiln at its Texas Lime Company plant, which is expected to cost approximately $65 million. This new kiln is anticipated to come online in the summer of 2026, enhancing production capabilities. The company reported capital expenditures of $36.2 million in the first half of 2026, compared to $28.1 million in the same period of 2025, indicating a strategic focus on expanding operational capacity.
The company’s liquidity position remains strong, with cash and cash equivalents increasing to $402.6 million as of June 30, 2026, up from $371.1 million at the end of 2025. Net cash provided by operating activities was $71.1 million for the first half of 2026, slightly down from $73.5 million in the previous year. The company has no outstanding debt and maintains a $75 million revolving credit facility, which provides additional financial flexibility.
Looking ahead, United States Lime & Minerals anticipates continued demand for its products, particularly from data center construction projects, which are expected to support strong construction activity. The company remains committed to managing costs effectively while pursuing growth opportunities in its core markets.
About UNITED STATES LIME & MINERALS INC
United States Lime & Minerals, Inc. is a leading manufacturer of lime and limestone products serving construction, industrial, environmental, and oil and gas markets across the U.S. The company operates quarries, mines, and processing plants, producing high-quality limestone, quicklime, hydrated lime, and lime slurry. Its core value lies in high-quality resources, regional focus, and efficient distribution, supporting diverse industries with environmentally compliant, reliable, and competitively priced products.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.
View the complete official filing on the SEC website.
Read on SEC.gov