United States Lime & Minerals, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016
January 31, 2017 at 02:30 am IST
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United States Lime & Minerals, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, total revenues were $34,166,000 against $31,294,000 a year ago. Operating profit was $5,035,000 against $3,108,000 a year ago. Net income was $3,920,000 against $2,286,000 a year ago. Income per basic and diluted share of common stock was $0.70 against $0.41 a year ago. The increase in lime and limestone revenues in the fourth quarter 2016, as compared to the fourth quarter 2015, resulted primarily from increased sales volumes of the company’s lime and limestone products due to increased demand, principally from its construction and environmental customers.
For the year, total revenues were $139,282,000 against $130,837,000 a year ago. Operating profit was $23,480,000 against $19,086,000 a year ago. Net income was $17,754,000 against $12,886,000 a year ago. Income per basic and diluted share of common stock was $3.19 against $2.30 a year ago.
United States Lime & Minerals, Inc. is engaged in lime and limestone operations. The Company is a manufacturer of lime and limestone products and supplying primarily the construction, including highway, road and building contractors; industrial, including paper and glass manufacturers; metals, including steel producers; environmental, including municipal sanitation and water treatment facilities and flue gas treatment processes; roof shingle manufacturers, agriculture and oil and gas services industries. It extracts limestone from its open-pit quarries and underground mines and then processes it for sale as pulverized limestone, aggregate, quicklime, hydrated lime, and lime slurry. The Company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma and Texas through its subsidiaries, Arkansas Lime Company, ART Quarry TRS LLC, Colorado Lime Company, Mill Creek Dolomite, LLC, Texas Lime Company, U.S. Lime Company, and others.