Fourth-quarter 2019 revenues up at USLM

By |  February 4, 2020

Logo: USLM

United States Lime & Minerals (USLM) experienced upward revenue movement at its lime and limestone operations in the fourth quarter of 2019.

USLM reports revenues from these operations came in at $37.7 million in the fourth quarter – up 11 percent compared with the fourth quarter of 2018.

According to USLM, the quarterly increase derived from increased demand, primarily from the company’s construction customers, and an increase in average prices realized for the company’s lime and limestone products.

“We are pleased to see positive movement in our pricing of lime and limestone products after years of not seeing meaningful improvements,” says Timothy Byrne, president and CEO at USLM.

For the full year (2019), revenues from USLM’s lime and limestone operations were $157 million. That’s an increase of $15.1 million, or 10.6 percent, compared with the previous year.

In addition, gross profit from the company’s lime and limestone operations was $10.2 million in the fourth quarter of 2019. That figure compares to $6.4 million for the fourth quarter of 2018.

Full-year gross profit from the company’s lime and limestone operations was $42 million, representing an increase of 42.6 percent.

Overall, the company’s revenues in the fourth quarter were $38 million. That compares to $34.6 million for the fourth quarter of 2018 and represents an increase of 9.6 percent.

For the full year, revenues were $158.3 million – an increase of $13.8 million, or 9.6 percent.

USLM’s overall gross profit was $9.8 million in the fourth quarter of 2019. That’s an increase of $3.2 million, or 47.7 percent.

Kevin Yanik

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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