Overview

• United States Lime & Minerals Q3 revenue grows 14.1% yr/yr, driven by higher sales volumes

• Net income for Q3 rises 16.3% yr/yr, supported by construction demand

• Company declares regular quarterly cash dividend of $0.06 per share

Outlook

• Company anticipates mixed demand with strong construction offset by weaker other sectors

Result Drivers

• CONSTRUCTION DEMAND - Strong demand from construction sector, especially data center projects, boosted sales volumes

• PRICE AND VOLUME INCREASES - Revenue growth driven by higher sales volumes and average selling prices of lime and limestone products

• OIL AND GAS DECLINE - Sales volume to oil and gas services customers decreased, partially offsetting overall sales growth

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the construction materials peer group is "buy"

• Wall Street's median 12-month price target for United States Lime & Minerals Inc is $125.00, about 3.3% below its October 28 closing price of $129.14

• The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nGNXVJYJX

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)