United States Lime & Minerals Reports Q3 Revenue Growth and Lower Net Income

What happened

United States Lime & Minerals reported third-quarter 2026 revenue of $106.2 million, up 4.1% year over year. Net income fell 1.9% to $38.0 million, and diluted earnings per share were $1.32 versus $1.35 a year earlier. The board declared a quarterly cash dividend of $0.06 per share.

Confirmed

Global impact / market context

Revenue grew but profit fell, meaning sales rose while costs or other items ate into earnings. Weaker construction and roof shingle demand offset stronger steel-customer demand, so the company's sales mix is shifting. The dividend signals continued cash returns to shareholders despite lower net income.

Analyst inference

This is a lime supplier tied to steel and construction, two industries sensitive to building activity and industrial output. Rising revenue with falling profit suggests pricing or volume gains are not fully reaching the bottom line. Start of the new Texas kiln could affect future production capacity and costs.

Analyst inference

What to watch

1. Sales volumes and average selling prices both increased modestly in the quarter. Confirmed
2. Watch whether weaker construction and roof shingle demand persist and whether steel-customer demand stays strong enough to offset it. Proposed
3. Track the new Texas kiln's ramp-up, since it could change production capacity, operating costs, and future revenue as it comes online. Analyst inference

Evidence

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