USLM experiences revenue growth in lime, limestone in third quarter 2019

By |  October 31, 2019

Logo: United States Lime MaterialsUnited States Lime & Minerals (USLM) reported an increase in third-quarter revenue tied to its lime and limestone operations.

Quarterly revenue from the company’s lime and limestone operations was at $43.3 million, up 24.6 percent from the prior-year period. Through the first nine months of 2019, USLM’s lime and limestone revenue is up 10.5 percent.

Lime and limestone revenue in the third quarter and through the first nine months of the year benefited from increases in sales volumes and average prices realized for lime and limestone products, USLM says.

“We are pleased with the improvement in our third-quarter results compared to the comparable 2018 quarter, especially with the increased demand from our construction customers,” says Timothy Byrne, president and CEO at USLM. “However, our outlook is tempered somewhat by the decrease in demand from our steel customers and a slowing of our construction demand heading into the fourth quarter.”

With a headquarters in Dallas, USLM is a manufacturer of lime and limestone products, supplying primarily the construction, industrial, environmental, metals, oil and gas services, roof shingle manufacturers and agriculture industries. The company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Oklahoma and Texas through its wholly-owned subsidiaries.

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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