NASDAQ$USLM

United States Lime & Minerals Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported increased revenue and net income due to increased sales volumes and average selling prices.

United States Lime & Minerals reported a strong first quarter in 2022, with revenues increasing by 22.2% to $50.9 million and net income increasing by 23.3% to $8.7 million, driven by higher sales volumes and prices. The company is addressing rising costs and supply chain issues by increasing prices.

  • Revenue increased by 22.2% compared to Q1 2021, reaching $50.9 million.
  • Lime and limestone revenues increased by 21.6% to $50.3 million.
  • Net income increased by 23.3% to $8.7 million ($1.53 per share diluted).
  • Gross profit increased by 22.5% to $14.5 million.

Headline financials

Total Revenue

$50.9M

Previous: $41.7M+22.2%
EPS (adj)

$0.31

Previous: $0.25+24.0%
Capital Expenditures

-$5.52M

Previous: -$4.54M-21.4%
Free Cash Flow

$3.15M

Previous: $2.49M+26.6%
Net Income

$8.67M

Previous: $7.03M+23.3%
Operating Income

$10.8M

Previous: $8.74M+24.0%
Gross Profit

$14.5M

Previous: $11.8M+22.5%
Cash & Equivalents

$101M

Previous: $89.7M+12.5%
Total Assets

$325M

Previous: $285M+13.8%
Stock-Based Comp

$651K

Previous: $547K+19.0%

Revenue & EPS history

US Lime · Revenue · Quarterly

$50.9M

Q1 2022+22.2%vs Q1 2021

Revenue by segment

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

  • Lime & Limestone
    $45.5M

Forward guidance

The Company is continuing to experience rising costs, particularly those associated with energy and transportation and is challenged by ongoing supply chain delays and disruptions which, if they persist, could adversely affect the Company’s profitability. The Company is increasing the prices of its lime and limestone products in an effort to mitigate the effects of its increasing costs.

Tailwinds

  • Continuing to increase the prices of lime and limestone products.
  • Increased demand from construction customers.
  • Increased demand from industrial customers.
  • Increased demand from environmental customers.
  • Increased demand from oil and gas services customers.

Headwinds

  • Rising costs associated with energy.
  • Rising costs associated with transportation.
  • Ongoing supply chain delays.
  • Ongoing supply chain disruptions.
  • Rising personnel expenses.

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 2022

Historical avgQ1 2022

-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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