United States Lime & Minerals Inc.: Q2 FY2026 earnings call

What management said about Q2 FY2026, from the documents filed with the SEC on 29 July 2026: press release. The quarter’s numbers.

Key takeaways

Second quarter revenue rose 8.3%: Revenues were $99.1 million, up $7.6 million from $91.5 million, mainly on higher sales volumes. Source
Gross profit rose 11.6% in quarter: Gross profit was $46.7 million, up $4.8 million from $41.9 million. Six-month gross profit was $88.5 million, up 0.5%. Source
Net income and diluted EPS rose: Net income was $34.5 million, or $1.20 per diluted share, against $30.8 million, or $1.07, a year earlier. Six-month net income was $65.1 million, or $2.26 per diluted share. Source
Construction and steel demand rose: Sales volumes increased mainly on demand from construction and steel customers, partly offset by lower demand from roof shingle customers. Source
Fuel and transport costs offset gains: Gross profit gains from higher revenues were partly offset by higher fuel and transportation costs. Source
Texas kiln due this summer: Management says the new kiln at the Texas facility will come online this summer. Source

“We are pleased with the Company’s financial performance in the second quarter 2026. Demand was up, compared to 2025, led by our construction and steel customers,”
Timothy W. Byrne, President and Chief Executive Officer

Results and growth drivers

Second quarter revenue rose 8.3%: Revenues were $99.1 million, up $7.6 million from $91.5 million, mainly on higher sales volumes. Source
First half revenue rose 2.3%: Six-month revenues were $187.0 million, up $4.2 million, after the first quarter declined 3.7% to $87.8 million. Source
Gross profit rose 11.6% in quarter: Gross profit was $46.7 million, up $4.8 million from $41.9 million. Six-month gross profit was $88.5 million, up 0.5%. Source
Net income and diluted EPS rose: Net income was $34.5 million, or $1.20 per diluted share, against $30.8 million, or $1.07, a year earlier. Six-month net income was $65.1 million, or $2.26 per diluted share. Source

Products, customers and demand

Construction and steel demand rose: Sales volumes increased mainly on demand from construction and steel customers, partly offset by lower demand from roof shingle customers. Source
First quarter demand had declined: In the first quarter, demand fell for construction, oil and gas services and roof shingle customers, with steel demand up.
Data center projects cited for construction: Management expects data center projects to keep supporting construction demand. The release gives no data center figures. Source

“Looking ahead, we anticipate that data center projects should continue to support strong construction demand, and that the new kiln at our Texas facility will come online this summer,”
Timothy W. Byrne, President and Chief Executive Officer

Costs, margins and other income

Fuel and transport costs offset gains: Gross profit gains from higher revenues were partly offset by higher fuel and transportation costs. Source
SG&A fell on lower stock compensation: SG&A was $6.1 million in the quarter, down $0.1 million. Six-month SG&A was $12.0 million, down $0.4 million. Source
Other income rose on cash balances: Other income was $3.4 million in the quarter, up $0.3 million, from interest earned on higher average cash balances. Source

Balance sheet and dividend

Quarterly dividend of $0.06 declared: The Board declared a regular quarterly cash dividend of $0.06 per share on common stock. Source
Balance sheet grew since December: Total assets were $747.4 million at June 30, 2026, up from $681.0 million at December 31, 2025. Stockholders’ equity was $695.7 million, up from $630.8 million. Net property was $241.9 million, up from $221.4 million. Source
Prior dividend payment date: The first quarter release set the prior dividend payment at June 12, 2026, to holders of record on May 22, 2026, at the same $0.06 rate.

Texas kiln and capacity

Texas kiln due this summer: Management says the new kiln at the Texas facility will come online this summer. Source
First quarter kiln progress noted: The first quarter release described progress on the kiln project and said it was expected to start up this summer.
Kiln timing same in both releases: The first quarter release said start-up; the second quarter release says the kiln will come online. Both give summer timing. Source

Operations and customer base

Plants span six states: Lime and limestone plants and distribution facilities are located in six states. Source
Customer groups served: The company supplies construction, industrial, environmental, metals, roof shingle, agriculture and oil and gas services customers. Source
Gas royalty and working interests: A subsidiary holds royalty and non-operated working interests in Barnett Shale gas wells in Johnson County, Texas. Source

Coming up, as management said on 29 July 2026

Texas kiln to come online: Management says the new kiln at the Texas facility will come online this summer. No specific date is given. Source
Dividend payable September 11: The $0.06 regular dividend is payable September 11, 2026, to holders of record at the close of business August 21, 2026. Source

Figures management reported

Figure	Reported
Sales volumes Source	Increased versus second quarter 2025; not quantified

Risks management discussed

External: Higher fuel and transportation costs partly offset the gross profit gain from higher revenues. Source
Demand: Lower demand from roof shingle customers partly offset the volume gains from construction and steel customers. Source

Earlier plans management reported on

Not stated: The first quarter release said the kiln was expected to start up this summer. The second quarter release repeats summer timing without describing status.

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

UNITED STATES LIME & MINERALS, INC. - NEWS RELEASE

UNITED STATES LIME & MINERALS REPORTS SECOND QUARTER 2026

RESULTS AND DECLARES REGULAR QUARTERLY CASH DIVIDEND

Dallas, Texas, July 29, 2026 - United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported second quarter 2026 results: The Company’s revenues in the second quarter 2026 were $99.1 million, compared to $91.5 million in the second quarter 2025, an increase of $7.6 million, or 8.3%. For the first six months 2026, the Company’s revenues were $187.0 million, compared to $182.8 million in the first six months 2025, an increase of $4.2 million, or 2.3%. The increases in revenues in the second quarter and first six months 2026, compared to the comparable 2025 periods, resulted primarily from increased sales volumes, principally due to increased demand from the Company’s construction and steel customers, partially offset by decreased demand from the Company’s roof shingle customers.

The Company’s gross profit was $46.7 million in the second quarter 2026, compared to $41.9 million in the second quarter 2025, an increase of $4.8 million, or 11.6%. The Company’s gross profit was $88.5 million in the first six months 2026, compared to $88.0 million in the first six months 2025, an increase of $0.4 million, or 0.5%. The increases in gross profit in the second quarter and first six months 2026, compared to the comparable 2025 periods, resulted primarily from the increases in revenues discussed above, partially offset by higher fuel and transportation costs.

Selling, general and administrative (“SG&A”) expenses were $6.1 million in the second quarter 2026, compared to $6.2 million in the second quarter 2025, a decrease of $0.1 million, or 2.0%. SG&A expenses were $12.0 million in the first six months 2026, compared to $12.5 million in the first six months 2025, a decrease of $0.4 million or 3.3%. The decreases in SG&A expenses in the second quarter and first six months 2026, compared to the comparable 2025 periods, were primarily due to decreased stock-based compensation.

Other (income) expense, net was $3.4 million and $6.6 million income in the second quarter and first six months 2026, compared to $3.1 million and $6.2 million income in the second quarter and first six months 2025, increases of $0.3 million and $0.4 million, respectively. The increases in other (income) expense, net for the second quarter and first six months 2026, compared to the comparable 2025 periods, were primarily due to interest earned on higher average balances of cash and cash equivalents.

The Company reported net income of $34.5 million ($1.20 per share diluted) and $65.1 million ($2.26 per share diluted) in the second quarter and first six months 2026, compared to $30.8 million ($1.07 per share diluted) and $64.9 million ($2.26 per share diluted) in the second quarter and first six months 2025, increases of $3.7 million, or 11.9%, and $0.1 million, or 0.2%, respectively.

“We are pleased with the Company’s financial performance in the second quarter 2026. Demand was up, compared to 2025, led by our construction and steel customers,” said Timothy W. Byrne, President and Chief Executive Officer. “Looking ahead, we anticipate that data center projects should continue to support strong construction demand, and that the new kiln at our Texas facility will come online this summer,” Mr. Byrne added.

Dividend

The Company announced today that the Board of Directors has declared a regular quarterly cash dividend of $0.06 per share on the Company’s common stock. This dividend is payable on September 11, 2026 to stockholders of record at the close of business on August 21, 2026.

United States Lime & Minerals, Inc., a NASDAQ-listed public company with headquarters in Dallas, Texas, is a manufacturer of lime and limestone products, supplying primarily the construction (including highway, road, and building contractors), industrial (including paper and glass manufacturers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), metals (including steel producers), roof shingle manufacturers, agriculture (including poultry producers), and oil and gas services industries. The Company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas through its wholly owned subsidiaries, Arkansas Lime Company, ART Quarry TRS LLC (DBA Carthage Crushed Limestone), Colorado Lime Company, Mill Creek Dolomite, LLC, Texas Lime Company, U.S. Lime Company, U.S. Lime Company-Shreveport, U.S. Lime Company-St. Clair, and U.S. Lime Company-Transportation. In addition, the Company, through its wholly owned subsidiary, U.S. Lime Company-O & G, LLC, has royalty and non-operated working interests in natural gas wells located in Johnson County, Texas, in the Barnett Shale Formation.

Any statements contained in this News Release, including, but not limited to, statements relating to demand and the new Texas kiln, that are not statements of historical fact are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to publicly update or revise any forward-looking statements, and investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from expectations, including without limitation those risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

(Tables Follow)

United States Lime & Minerals, Inc.

CONDENSED CONSOLIDATED FINANCIAL DATA

(In thousands, except per share amounts)

(Unaudited)

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2026	2025	2026	2025
INCOME STATEMENTS
Revenues	$99,126	$91,518	$186,959	$182,771
Cost of revenues	52,404	49,640	98,485	94,737
Gross profit	$46,722	$41,878	$88,474	$88,034
Selling, general and administrative expenses	6,067	6,189	12,036	12,451
Operating profit	$40,655	$35,689	$76,438	$75,583
Other (income) expense, net	(3,374)	(3,098)	(6,603)	(6,189)
Income tax expense	9,519	7,956	17,949	16,828
Net income	$34,510	$30,831	$65,092	$64,944
Income per share of common stock:
Basic	$1.20	$1.08	$2.27	$2.27
Diluted	$1.20	$1.07	$2.26	$2.26
Weighted-average shares outstanding:
Basic	28,686	28,637	28,679	28,630
Diluted	28,776	28,729	28,773	28,728
Cash dividends per share of common stock	$0.06	$0.06	$0.12	$0.12
			June 30,	December 31,
			2026	2025
BALANCE SHEETS
Assets:
Current assets			$500,449	$455,316
Property, plant and equipment, net			241,942	221,421
Other non-current assets			4,970	4,307
Total assets			$747,361	$681,044
Liabilities and Stockholders’ Equity:
Current liabilities			$18,170	$23,632
Deferred tax liabilities, net			30,518	22,999
Other long-term liabilities			2,942	3,653
Stockholders’ equity			695,731	630,760
Total liabilities and stockholders’ equity			$747,361	$681,044

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Contacts
Timothy W. Byrne · (972) 991-8400