US Lime Q2 Revenue Misses Estimates but Profit Rises 12% on Construction Demand
USLM sits 17% above its 52-week low of $94.765.
Summary
Q2 revenue rose 8.3% to $99.13M, missing the single-analyst consensus of $108M, while net income climbed 11.9% to $34.5M. Higher construction and steel demand drove volumes, partially offset by increased fuel and transportation costs. The company maintained its $0.06 dividend and expects a new Texas kiln to come online this summer, with data center projects supporting continued strong construction demand. The stock trades at 21x forward earnings, down from 23x three months ago, with a median price target of $130.
At the time of this announcement, USLM was trading at $110.75 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $94.77 to $141.44. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.