Overview

* United States Lime & Minerals ( USLM ) Q2 revenue rises 19.6% but misses analyst expectations

* Net income for Q2 increases 18.3%, driven by strong construction demand

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

Result Drivers

* CONSTRUCTION DEMAND - Strong demand from construction customers contributed to revenue growth, per CEO Timothy W. Byrne

* PRICE INCREASES - Higher average selling prices for lime and limestone products boosted revenues

* SALES VOLUMES - Increased sales volumes to construction, environmental, and steel customers drove revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $91.52 $97 mln

Revenue mln (1

Analyst)

Q2 Net $30.83

Income mln

Q2 $0.06

Dividend

Q2 Gross $41.88

Profit mln

Q2 $35.69

Operatin mln

g Profit

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* 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 ( USLM ) is $105.00, about 7.1% below its July 29 closing price of $112.50

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

(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.)