United States Lime & Minerals 3Q 2026: Revenue $106.19M, Net income $38.04M, EPS $1.32— 10-Q Summary

What happened

United States Lime & Minerals reported third-quarter 2026 revenue of $106.19M, up 4.1%, while net income fell 1.9% to $38.04M and diluted EPS fell 2.2% to $1.32. Higher lime and limestone prices and sales volumes supported revenue, but higher fuel and transportation costs weighed on gross profit.

Confirmed

Global impact / market context

Revenue grew but profit fell, so the company kept less of each sales dollar. Higher fuel and transportation costs, plus startup inefficiencies at the new Texas kiln, which means the plant is not yet running smoothly, are squeezing profit per sale even as demand for lime and limestone holds up.

Analyst inference

Steel demand rose while construction demand declined in the quarter, showing mixed demand across the industries this company supplies. Management is watching delays in large projects and signs of slowing residential construction in Texas. The new Texas kiln began intermittent quicklime production, with final commissioning expected in the fourth quarter.

Analyst inference

What to watch

1. Final commissioning of the new Texas kiln is expected in the fourth quarter, after which depreciation, which means accounting for the plant's cost over time, will begin and can raise reported costs. Confirmed
2. Watch whether fuel and transportation costs keep pressuring gross profit, since those costs weighed on results this quarter even as higher prices and sales volumes lifted revenue. Analyst inference
3. Monitor construction demand in Texas, where management flagged delays in large projects and signs of slowing residential construction that could reduce future lime and limestone sales volumes. Analyst inference

Evidence

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