United States Lime & Minerals Q1 revenue up 31% to $66.8 million
United States Lime & Minerals reported first quarter 2023 revenue of $66.8 million, up 31.2% from $50.9 million a year earlier, and net income of $17.1 million ($3.00 per share diluted) versus $8.7 million ($1.53 per share). Management said it expects continued pressure on lime and limestone production costs and that recessionary concerns could affect future demand.
Key points
- Revenue was $66.8 million, up $15.9 million or 31.2% from $50.9 million in Q1 2022, driven by higher average selling prices and sales volumes.
- Gross profit was $24.0 million, up 65.8% from $14.5 million; SG&A expenses rose 14.2% to $4.2 million.
- Net income was $17.1 million ($3.00 per share diluted), compared with $8.7 million ($1.53 per share diluted) in Q1 2022.
- The Board declared a regular quarterly cash dividend of $0.20 per share, payable June 16, 2023 to shareholders of record on May 26, 2023.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 03, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.