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UNITED STATES LIME & MINERALS INC

uslm.com

United States Lime & Minerals, Inc. (NASDAQ: USLM) is a lime and limestone producer that mines, processes, and sells lime and limestone products across the south-central and midwestern United States. Revenue comes from transactional product sales of quicklime, hydrated lime, lime slurry, pulverized limestone (PLS), and crushed limestone to industrial, municipal, and construction customers. The company was incorporated in 1950 and maintains its principal corporate office in Dallas, Texas. In FY2025, sales were concentrated in Arkansas, Colorado, Iowa, Kansas, Louisiana, Missouri, Oklahoma, Tennessee, and Texas, with nine sales employees serving the customer base. End markets span metal processing, flue gas treatment, soil stabilization, highway and road construction, municipal water treatment, oilfield services, paper manufacturing, construction aggregates, and agricultural soil enhancement. The business is capital-intensive by nature, requiring ongoing investment in mining operations and processing facilities.

Products & Services

Quicklime, hydrated lime, lime slurry, pulverized limestone (PLS), and crushed limestone. Products serve applications including metal processing, flue gas treatment, soil stabilization, water and sanitation treatment, asphalt production, roof shingles, agricultural feeds, glass manufacturing, chemical production, and coal mine safety dust.

Revenue Model

Transactional product sales of lime and limestone products, including quicklime, hydrated lime, lime slurry, pulverized limestone, and crushed limestone, sold directly to industrial, municipal, and construction customers.

Customers & Markets

Industrial customers in metal processing and paper manufacturing; utilities and industrial emitters requiring flue gas scrubbing; highway, road, and building construction contractors; municipal water and sanitation facilities; oil and gas drillers; agricultural operators; and construction aggregates users. Sales concentrated in Arkansas, Colorado, Iowa, Kansas, Louisiana, Missouri, Oklahoma, Tennessee, and Texas (FY2025).

Geographic Exposure

South-central and midwestern United States. FY2025 sales made almost entirely in Arkansas, Colorado, Iowa, Kansas, Louisiana, Missouri, Oklahoma, Tennessee, and Texas.

Financial Snapshot

Revenue
TTM
$376.9M
Gross Margin
TTM
48.45%
Net Income
TTM
$134.4M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
2754.26%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
695.7M
Cash
2026 Q2
P/E
TTM
24.98
Free Cash Flow
TTM
$91.81M

Stock Price

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Market Cap: $3.3574 Billion

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