USLM · United States Lime & Minerals, Inc.

United States Lime & Minerals reported first quarter 2026 results with revenue of $87.8 million, down 3.7% from $91.3 million in the prior-year quarter. The decline was driven by lower sales volumes, primarily due to decreased demand from construction, oil and gas services, and roof shingle customers, partially offset by increased demand from steel customers. The company noted that most weather-related shipping interruptions from the January winter storm were caught up during the quarter. Gross profit decreased 9.5% to $41.8 million, reflecting the revenue decline and higher fuel and transportation costs. SG&A expenses fell 4.7% to $6.0 million, mainly due to lower personnel expenses including stock-based compensation. Other income, net was $3.2 million, up slightly from $3.1 million, driven by higher interest income on larger cash balances. Net income was $30.6 million ($1.06 per diluted share), compared to $34.1 million ($1.19 per diluted share) in Q1 2025. Management expressed optimism about the balance of the year, particularly regarding construction demand, and noted progress on the new kiln project at the Texas facility, which is expected to start up this summer. The company also declared a regular quarterly cash dividend of $0.06 per share, payable June 12, 2026.