US Lime & Minerals Q2 2026: Revenue +8.3%, Net Income +11.9%, Cash Pile Grows to $403M
USLM sits 19% above its 52-week low of $94.765.
Summary
US Lime & Minerals reported Q2 2026 revenue of $99.1M (+8.3% YoY) and net income of $34.5M (+11.9% YoY), with cash reserves swelling to $402.6M and no debt. The new Texas kiln is expected online this summer, supporting continued growth.
Key Events · Earnings and Guidance · USLM
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Q2 Revenue +8.3% to $99.1M
Driven by a 6.6% increase in sales volumes and a 1.7% rise in average selling prices, revenue grew 8.3% year-over-year to $99.1 million, reflecting strong demand from construction and steel customers.
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Net Income +11.9% to $34.5M
Higher revenues and improved operating leverage pushed net income up 11.9% to $34.5 million, or $1.20 per diluted share, compared to $30.8 million, or $1.07 per diluted share, in Q2 2025.
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Cash Reserves Reach $402.6M
Cash and cash equivalents rose to $402.6 million at June 30, 2026, from $371.1 million at year-end 2025, with no debt outstanding and only $4.6 million in letters of credit against a $75 million revolving credit facility.
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Texas Kiln Project Nears Completion
The new vertical kiln at the Texas Lime Company plant is expected to come online in summer 2026, with total estimated construction costs of $65 million, of which $57.7 million had been incurred as of June 30, 2026.
Analysis · USLM · Energy & Transportation
A solid second quarter for US Lime & Minerals saw revenue climb 8.3% to $99.1 million and net income advance 11.9% to $34.5 million, fueled by higher sales volumes from construction and steel customers. The balance sheet remains fortress-like — $402.6 million in cash, zero debt, and only $4.6 million in letters of credit against a $75 million revolver. Capacity is set to expand with the new Texas kiln coming online this summer, positioning the company to meet strong demand, particularly from data center construction. Steady capital returns continue via a $0.06 quarterly dividend. While the top line slightly missed the single-analyst consensus of $108 million, the earnings beat and robust cash generation reinforce the company's financial strength and growth trajectory.
At the time of this filing, USLM was trading at $112.93 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $94.77 to $141.44. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.