United States Lime & Minerals Reports Fourth Quarter and Full Year 2024 Results and Declares Increased Regular Quarterly Cash Dividend

Financial Performance - The Company reported fourth quarter 2024 revenues of $80.1 million, a 21.9$65.7 million in the fourth quarter 2023, driven by higher average selling prices and increased sales volumes to construction, environmental, and industrial customers [1][2] - For the full year 2024, revenues reached $317.7 million, up 12.9$281.3 million in 2023, with lime and limestone revenues increasing by 13.0% to $316.7 million [2] - Gross profit for the fourth quarter 2024 was$35.4 million, a 50.2% increase from $23.6 million in the fourth quarter 2023, and for the full year, gross profit was$144.0 million, up 40.0% from 102.9 million [3] Expenses and Income - Selling, general and administrative (SG&A) expenses in the fourth quarter 2024 were 4.4 million, a decrease of 5.8% from 4.6 million in the fourth quarter 2023, while full year SG&A expenses increased by 9.2% to 19.1 million [4] - Other income for the fourth quarter and full year 2024 was $3.1 million and$11.5 million, respectively, reflecting increases from $2.4 million and$7.9 million in the previous year [5] - The Company reported net income of $27.0 million ($0.94 per share diluted) for the fourth quarter 2024, a 58.8% increase from $17.0 million in the fourth quarter 2023, and for the full year, net income was$108.8 million ($3.79 per share diluted), up 46.0$74.5 million [6] Stock and Dividends - The Company executed a 5-for-1 stock split on July 12, 2024, with all share and per share information adjusted retroactively [8] - The Board of Directors declared an increased quarterly cash dividend of $0.06 per share, payable on March 14, 2025 [9] Company Overview - United States Lime & Minerals, Inc. is a manufacturer of lime and limestone products, serving various industries including construction, industrial, environmental, metals, roof shingle manufacturing, agriculture, and oil and gas services [10]