Lime and limestone revenues and gross profit were up in the third quarter at United States Lime & Minerals (USLM).
USLM’s third-quarter lime and limestone revenues totaled $89.2 million. The total is up 19.6 percent from the third quarter of 2023,
USLM says the increase resulted from higher average selling prices for its lime and limestone products, as well as increased sales volumes that principally derived from construction and roof shingle customers.
The company’s lime and limestone gross profit in the third quarter, meanwhile, was $43.2 million. That total is up 53.3 percent versus the third-quarter 2023 mark.
“While our overall construction demand is down for the year to date, we did see improved demand from our construction customers in the third quarter [of] 2024 as weather conditions in the South-Central United States returned to a more normal pattern compared to the heavier-than-usual rainfalls that we experienced in the first half [of] 2024,” says Timothy Byrne, president and CEO of USLM.
