NASDAQ$USLM

United States Lime & Minerals Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported an increase in revenue and net income for Q1 2020.

United States Lime & Minerals reported a revenue increase of 1.7% and a net income increase of 8.1% for the first quarter of 2020. The company's performance was driven by increased average selling prices for lime and limestone products, offset by decreased demand from environmental and oil and gas services customers. The company also declared a regular quarterly cash dividend of $0.16 per share.

  • Revenues increased by 1.7% to $38.4 million compared to Q1 2019.
  • Gross profit increased by 13.6% to $9.9 million compared to Q1 2019.
  • Net income increased by 8.1% to $5.5 million ($0.98 per share diluted) compared to Q1 2019.
  • The Board of Directors declared a regular quarterly cash dividend of $0.16 per share.

Headline financials

Total Revenue

$38.4M

Previous: $37.8M+1.7%
EPS (adj)

$0.20

Previous: $0.18+11.1%
Capital Expenditures

-$6.11M

Previous: -$5.68M-7.4%
Free Cash Flow

-$562K

Previous: -$556K-1.1%
Net Income

$5.54M

Previous: $5.13M+8.1%
Operating Income

$6.66M

Previous: $6.02M+10.6%
Gross Profit

$9.88M

Previous: $8.69M+13.6%
Cash & Equivalents

$58.8M

Previous: $68.3M-14.0%
Total Assets

$252M

Previous: $255M-1.3%
Stock-Based Comp

$379K

Previous: $309K+22.7%

Revenue & EPS history

US Lime · Revenue · Quarterly

$38.4M

Q1 2020+1.7%vs Q1 2019

Revenue by segment

US Lime · $45.5M total across 1 segment · Q4 2021

  • Lime & Limestone
    $45.5M

Forward guidance

The Company expects a slowdown in the national economy beginning in the second quarter, and a possibly greater impact in certain industries, such as oil and gas drilling activities, roofing, and steel.

Tailwinds

  • Commitment to the safety of employees and other individuals at facilities.
  • Implementation of enhanced health and safety protocols at all locations.
  • Reduced access to facilities and screening of individuals on all sites.
  • Enforcement of social distancing and other practices.
  • Consideration of cost-cutting initiatives and ways to further increase operating efficiencies.

Headwinds

  • Significant amount of current economic uncertainty will negatively impact customers.
  • Expected reduction in demand for lime and limestone products.
  • Particularly from the oil and gas services, roofing, and steel sectors.
  • The COVID-19 pandemic may impact the Company’s financial condition.
  • Slowdown in the national economy beginning in the second quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.3%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+3.0%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+6.2%

Q3 2015

Best reaction

-17.1%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-17.1%-17.0%-11.6%
Q4 2025-5.0%-12.2%-1.7%
Q3 2025-3.9%-13.0%-4.8%
Q1 2025+4.8%+5.4%+9.9%
Q4 2024+1.7%-3.3%-18.2%
Q3 2024+5.5%+3.4%+43.1%
Q2 2024+3.0%-10.2%-0.9%
Q1 2024+3.8%+10.1%+11.9%
Q4 2023+0.6%+0.3%+1.0%
Q3 2023-3.1%+2.7%+6.6%
Q2 2023+2.6%+5.5%+6.9%
Q1 2023-0.8%+1.6%+15.2%
Q4 2022+3.0%+2.0%+8.3%
Q3 2022+0.7%+6.7%+16.0%
Q2 2022-4.6%-5.0%-1.5%
Q1 2022+1.8%+1.1%+6.4%
Q4 2021-1.9%-5.2%-7.8%
Q3 2021+2.6%+3.4%+6.0%
Q2 2021+0.5%+0.8%+7.0%
Q1 2021-4.8%-3.7%-5.0%
Q4 2020+3.7%+4.4%+12.9%
Q3 2020+2.0%+0.2%+16.5%
Q2 2020+3.4%-0.6%+1.9%
Q1 2020-1.2%-2.6%-8.5%
Q4 2019-5.0%-4.2%-14.7%
Q3 2019+5.9%+11.1%+23.1%
Q2 2019+0.5%-1.3%-6.5%
Q1 2019-1.6%+0.7%+0.9%
Q4 2015+2.2%+2.8%+7.1%
Q4 2018-1.8%-0.8%+4.5%
Q3 2018-0.5%-1.6%-1.3%
Q2 2018-1.9%-4.8%-3.9%
Q1 2018+0.1%+1.2%+6.6%
Q4 2017+1.0%-1.0%-6.5%
Q3 2017-2.1%-4.3%-9.2%
Q2 2017-0.5%-0.4%-5.2%
Q1 2017-1.7%-1.7%-3.1%
Q4 2016+1.4%+2.0%+5.0%
Q3 2016+1.6%-0.2%+14.8%
Q2 2016+0.5%+1.1%+0.1%
Q1 2016+0.2%
Q3 2015+6.2%
Q2 2015-1.3%
Q1 2015-1.3%
Q4 2014+0.6%
Q3 2014-3.7%
Q2 2014-3.5%
Q1 2014+2.8%
Q4 2013+0.4%
Q3 2013+1.4%
Q2 2013+1.0%
Q1 2013+0.5%
Q4 2012-0.5%
Q3 2012-1.4%
Q2 2012-0.6%
Q1 2011-3.4%
Q1 2012+0.8%
Q4 2009-1.5%
Q4 2011-1.5%
Q3 2011-4.8%
Q3 2010-4.8%
Q2 2011-0.7%
Q2 2010-0.7%
Q4 2010-0.7%
Q1 2010+0.5%

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