NASDAQ$USLM

United States Lime & Minerals Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported an increase in revenue and net income compared to Q4 2019.

United States Lime & Minerals reported an increase in revenue for Q4 2020, driven by increased sales of lime and limestone products, including contributions from the Carthage acquisition. Gross profit also increased due to higher average selling prices and lower fuel costs. The company's net income increased by 45.3% compared to Q4 2019.

  • Q4 2020 revenues increased by 8.0% compared to Q4 2019.
  • Carthage Crushed Limestone contributed $2.3 million to Q4 2020 revenues.
  • Gross profit increased by 34.8% compared to Q4 2019.
  • Net income increased by 45.3% compared to Q4 2019.

Headline financials

Total Revenue

$41M

Previous: $38M+8.0%
EPS (adj)

$0.30

Previous: $0.20+50.0%
Capital Expenditures

$3.51M

Previous: $6.68M-47.4%
Free Cash Flow

$13.2M

Previous: $4.15M+216.7%
Net Income

$7.25M

Previous: $4.99M+45.3%
Operating Income

$8.46M

Previous: $5.58M+51.6%
Gross Profit

$13.2M

Previous: $9.77M+34.8%
Cash & Equivalents

$83.6M

Previous: $54.3M+54.0%
Total Assets

$279M

Previous: $247M+13.0%
Stock-Based Comp

$571K

Previous: $420K+36.0%

Revenue & EPS history

US Lime · Revenue · Quarterly

$41M

Q4 2020+8%vs Q4 2019

Revenue by segment

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

  • Lime & Limestone
    $45.5M

Forward guidance

The company anticipates a continued slowdown in economic activity due to the COVID-19 pandemic, which may adversely impact the demand for its lime and limestone products and put downward pressure on prices. However, they are encouraged by strong demand from construction customers and the return of demand from steel and power generation customers.

Tailwinds

  • Strong demand from construction customers.
  • Return of demand from steel customers.
  • Return of demand from power generation customers.
  • Carthage acquisition complementing geographic footprint.
  • Focus on employee safety.

Headwinds

  • Economic slowdown impacting oil and gas services customers.
  • COVID-19 pandemic causing economic uncertainty.
  • Potential adverse impact on demand for lime and limestone products.
  • Potential downward pressure on prices.
  • Continued restrictions on business activities.

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 Q4 2020

Historical avgQ4 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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