United States Lime & Minerals, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 27, 2022 at 05:16 pm EDT
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United States Lime & Minerals, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 60.49 million compared to USD 49.16 million a year ago. Net income was USD 10.24 million compared to USD 11.09 million a year ago. Basic earnings per share from continuing operations was USD 1.8 compared to USD 1.96 a year ago. Diluted earnings per share from continuing operations was USD 1.8 compared to USD 1.96 a year ago.
For the six months, sales was USD 111.4 million compared to USD 90.84 million a year ago. Net income was USD 18.91 million compared to USD 18.12 million a year ago. Basic earnings per share from continuing operations was USD 3.33 compared to USD 3.21 a year ago. Diluted earnings per share from continuing operations was USD 3.33 compared to USD 3.2 a year ago.
United States Lime & Minerals, Inc. is engaged in lime and limestone operations. The Company is a manufacturer of lime and limestone products and supplying primarily the construction, including highway, road and building contractors; industrial, including paper and glass manufacturers; metals, including steel producers; environmental, including municipal sanitation and water treatment facilities and flue gas treatment processes; roof shingle manufacturers, agriculture and oil and gas services industries. It extracts limestone from its open-pit quarries and underground mines and then processes it for sale as pulverized limestone, aggregate, quicklime, hydrated lime, and lime slurry. The Company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma and Texas through its subsidiaries, Arkansas Lime Company, ART Quarry TRS LLC, Colorado Lime Company, Mill Creek Dolomite, LLC, Texas Lime Company, U.S. Lime Company, and others.