Revenues, profits from lime and limestone up at USLM

United States Lime & Minerals (USLM) reports that its lime and limestone revenues were up 21.6 percent in the first quarter of the year, jumping from $41.7 million in last year’s first quarter to $50.9 million in this year’s.

According to USLM, first-quarter increases in the average selling prices for lime and limestone products impacted revenues favorably.

USLM’s first-quarter lime and limestone gross profit was $14.2 million, an increase of 20.3 percent versus the first quarter of 2021.

Additionally, USLM says it continues to experience rising costs – particularly those associated with energy and transportation. The company says ongoing supply chain delays and disruptions continue to pose challenges.

“We are pleased with our results for the first quarter 2022 and the ability of our team to address the effects of rising costs and supply chain issues,” says Timothy Byrne, president and CEO of USLM. “We are continuing to increase the prices of our lime and limestone products in an effort to mitigate the effects of our increasing costs.”