NASDAQ$USLM

United States Lime & Minerals Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported an increase in revenue and net income for Q1 2023.

United States Lime & Minerals reported a strong first quarter in 2023, with revenues increasing by 31.2% to $66.8 million compared to $50.9 million in the first quarter of 2022. Net income also significantly increased to $17.1 million ($3.00 per share diluted) from $8.7 million ($1.53 per share diluted) in the same period last year. The company noted increased demand from construction customers as a key driver for revenue growth.

  • Revenue increased by 31.2% to $66.8 million compared to Q1 2022.
  • Lime and limestone revenues increased by 32.3% to $66.5 million compared to Q1 2022.
  • Net income increased by 97.3% to $17.1 million, or $3.00 per share diluted.
  • Gross profit increased by 65.8% to $24.0 million compared to Q1 2022.

Headline financials

Total Revenue

$66.8M

Previous: $50.9M+31.2%
EPS (adj)

$0.60

Previous: $0.31+93.5%
Capital Expenditures

-$5.45M

Previous: -$5.52M+1.2%
Free Cash Flow

$11.7M

Previous: $3.15M+269.8%
Net Income

$17.1M

Previous: $8.67M+97.3%
Operating Income

$19.8M

Previous: $10.8M+83.2%
Gross Profit

$24M

Previous: $14.5M+65.8%
Cash & Equivalents

$148M

Previous: $101M+46.3%
Total Assets

$388M

Previous: $325M+19.4%
Stock-Based Comp

$812K

Previous: $651K+24.7%

Revenue & EPS history

US Lime · Revenue · Quarterly

$66.8M

Q1 2023+31.2%vs Q1 2022
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Revenue by segment

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

  • Lime & Limestone
    $45.5M

Forward guidance

The company anticipates continuing pressure on lime and limestone production costs and believes general recessionary concerns could potentially impact future demand for their products for the remainder of 2023.

Headwinds

  • Continuing pressure on lime and limestone production costs.
  • General recessionary concerns could potentially impact future demand.

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 2023

Historical avgQ1 2023

-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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