$USLM

UNITED STATES LIME & MINERALS INC

CIK:0000082020|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
Revenues	$ 99,126	$ 91,518	$ 186,959	$ 182,771
Cost of revenues
Labor and other operating expenses	46,040	43,532	85,601	82,579
Depreciation, depletion and amortization	6,364	6,108	12,884	12,158
Total cost of revenues	52,404	49,640	98,485	94,737
Gross profit	46,722	41,878	88,474	88,034
Selling, general, and administrative expenses	6,067	6,189	12,036	12,451
Operating profit	40,655	35,689	76,438	75,583
Other (income) expense, net
Other (income) expense, net	(3,374)	(3,098)	(6,603)	(6,189)
Income before income tax expense	44,029	38,787	83,041	81,772
Income tax expense	9,519	7,956	17,949	16,828
Net income	$ 34,510	$ 30,831	$ 65,092	$ 64,944
Net income per share of common stock
Basic (in dollars per share)	$ 1.2	$ 1.08	$ 2.27	$ 2.27
Diluted (in dollars per share)	$ 1.2	$ 1.07	$ 2.26	$ 2.26

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES:
Net income	$ 65,092	$ 64,944
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, and amortization	13,039	12,332
Amortization of deferred financing costs	12	6
Deferred income taxes	7,519	(2,289)
Loss on disposition of property, plant, and equipment	72	290
Stock-based compensation	3,564	4,307
Changes in operating assets and liabilities:
Trade receivables, net	(13,096)	(10,410)
Inventories	(1,141)	2,091
Prepaid expenses and other current assets	622	1,534
Other assets	(1,435)	171
Accounts payable and accrued expenses	(3,082)	528
Other liabilities	(39)	(39)
Net cash provided by operating activities	71,127	73,465
INVESTING ACTIVITIES:
Purchase of property, plant, and equipment	(36,247)	(28,126)
Proceeds from sale of property, plant, and equipment	323	241
Net cash used in investing activities	(35,924)	(27,885)
FINANCING ACTIVITIES:
Cash dividends paid	(3,443)	(3,437)
Proceeds from exercise of stock options	128	160
Purchase of treasury shares	(370)	(424)
Net cash used in financing activities	(3,685)	(3,701)
Net increase in cash and cash equivalents	31,518	41,879
Cash and cash equivalents at beginning of period	371,124	278,031
Cash and cash equivalents at end of period	$ 402,642	$ 319,910

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 402,642	$ 371,124
Trade receivables, net	61,029	47,933
Inventories	32,049	30,908
Prepaid expenses and other current assets	4,729	5,351
Total current assets	500,449	455,316
Property, plant, and equipment	584,000	554,612
Less accumulated depreciation and depletion	(342,058)	(333,191)
Property, plant, and equipment, net	241,942	221,421
Operating lease right-of-use assets	3,104	3,864
Other assets, net	1,866	443
Total assets	747,361	681,044
Current liabilities
Accounts payable	10,482	14,516
Current portion of operating lease liabilities	1,556	1,643
Accrued expenses	6,132	7,473
Total current liabilities	18,170	23,632
Deferred tax liabilities, net	30,518	22,999
Operating lease liabilities, excluding current portion	1,690	2,370
Other liabilities	1,252	1,283
Total liabilities	51,630	50,284
Stockholders' equity
Common stock	2,977	2,975
Additional paid-in capital	52,529	48,839
Retained earnings	704,674	643,025
Less treasury stock, at cost	(64,449)	(64,079)
Total stockholders' equity	695,731	630,760
Total liabilities and stockholders' equity	$ 747,361	$ 681,044