United States Lime Q4 revenue rises 12.7% to $65.7 million; net income up 57.5%
United States Lime & Minerals reported fourth quarter and full year 2023 results, with revenue and net income both higher than in 2022, and raised its quarterly dividend to $0.25 per share from $0.20. CEO Timothy W. Byrne said soft construction demand, particularly from commercial building, is expected to continue through at least the first half of 2024.
Key points
- Q4 2023 revenue was $65.7 million, up 12.7% from $58.3 million; net income was $17.0 million, or $2.98 per diluted share, versus $1.90 a year earlier.
- Full year 2023 revenue was $281.3 million, up 19.1% from $236.2 million; net income was $74.5 million, or $13.06 per diluted share, versus $8.00 in 2022.
- Quarterly cash dividend increased to $0.25 per share, payable March 15, 2024 to shareholders of record on February 23, 2024.
- Management expects soft construction demand to continue through at least the first half of 2024.
The filing
Written by AI on Nov 8, 2026, 1:39 AM ET, from this filing 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 February 02, 2024.
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