GET DAILY SIGNALSUSLM: United States Lime & Minerals Posts 4.1% Q3 Revenue Rise Despite Missing Consensus
Key Takeaways
- Revenue rose 4.1% year over year (YoY) to $106.2 million in the third quarter of 2026, up from $102.0 million a year earlier.
- Nine-month net income attributable to shareholders reached $103.1 million, essentially flat (down 0.6%) versus the prior-year period.
- The Board declared a regular quarterly cash dividend of $0.06 per share, payable on December 11, 2026, to shareholders of record on November 20, 2026.
- Results came in below analyst consensus, which had projected roughly $122 million in revenue for the quarter.
- Gross margin held near 47.5% for the nine-month period, reflecting stable pricing even as volumes and costs remained a focus.
Why These Results Matter for Investors
USLM supplies lime and limestone products to construction, industrial, environmental, steel, agriculture, oil and gas services, and roof shingle markets. Its performance offers a window into U.S. infrastructure and industrial demand, as volumes tend to follow building and road-construction trends. The company started 2026 with its first year-over-year revenue decline since 2020, due to weather-related shipping issues and softer demand. Second-quarter revenue rebounded 8.3%. The third-quarter figures help gauge whether that recovery is holding, how well the company is managing higher fuel and transportation costs, and whether margins can stay steady as pricing adjusts across its customer base. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
What the Numbers Show
United States Lime & Minerals reported third-quarter 2026 revenue of $106.2 million, up $4.2 million, or 4.1%, from $102.0 million in the third quarter of 2025. The gain reflected steady demand and easier comparisons with the prior year. On a year-to-date basis, nine-month revenue grew about 2.9%.
Profitability was more muted. Nine-month net income attributable to shareholders was $103.1 million, down 0.6% from the prior-year period, while quarterly net income edged lower by roughly 2% year over year. Gross margin for the nine-month span held near 47.5%, showing that pricing and operating efficiency largely offset higher fuel and transportation costs, even as volumes stayed uneven. The company also declared its regular quarterly cash dividend of $0.06 per share.
Reported revenue fell short of the consensus estimate of about $122 million, continuing a pattern in which the top line has missed analyst forecasts in several recent quarters. Earnings per share likewise trailed the roughly $1.48 consensus expectation.
How the Market Is Reading the Report
Sentiment around USLM has been cautious for much of 2026. After years of strong earnings growth, shares have trended lower as investors reassess valuation against moderating profit momentum. Options markets had priced an implied move of roughly plus or minus 7.5% around the report, reflecting uncertainty about demand and margins. The third-quarter print highlighted the core tension: revenue is still growing and margins remain resilient, yet results continue to come in below optimistic consensus figures. That recurring gap between actual performance and analyst expectations remains a key factor in how investors interpret the stock. The modest top-line increase relative to prior-year results, paired with a slightly lower bottom line, suggests the market is balancing solid fundamentals against an elevated valuation.
What to Watch Going Forward
Several factors will influence how investors view United States Lime & Minerals in upcoming quarters. The biggest is demand from construction customers, the company’s largest end market. Infrastructure and road-building activity remain key drivers for volumes, and management has expressed optimism about construction demand for the rest of the year. A second element is the new kiln project at the Texas facility. Additional capacity should support future production, and its startup timing and ramp-up will be worth monitoring as a potential catalyst for volumes and margins. Cost trends also matter. Higher fuel and transportation expenses have weighed on profitability recently, and any sustained increase could pressure gross margin even if pricing holds. On the positive side, easing logistics costs would support the bottom line. Finally, the gap between reported results and consensus estimates deserves attention. If revenue and earnings keep landing below expectations despite stable demand, valuation multiples may stay under pressure. A narrowing of that gap as the Texas kiln ramps up and construction demand strengthens could improve sentiment. From what I see, I’m watching this closely as the story unfolds.
Using AI Tools for Deeper Analysis
In my research on names like USLM, I often turn to Tickeron’s AI-powered tools to cross-check patterns and peer comparisons. One that stands out is the AI Screener, which lets me filter stocks by technical signals, fundamentals, and industry trends in a structured way. It helps surface ideas and monitor conditions across the basic materials space without manual effort. I’ve found it useful for spotting how USLM stacks up against peers when earnings season brings new data.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
USLM in upward trend: price rose above 50-day moving average on November 02, 2026
USLM moved above its 50-day moving average on November 02, 2026 date and that indicates a change from a downward trend to an upward trend. In 30 of 40 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 75%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 22, 2026. You may want to consider a long position or call options on USLM as a result. In 69 of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 72%.
The Moving Average Convergence Divergence (MACD) for USLM just turned positive on October 22, 2026. Looking at past instances where USLM's MACD turned positive, the stock continued to rise in 36 of 52 cases over the following month. The odds of a continued upward trend are 69%.
Following a +8.45% 3-day Advance, the price is estimated to grow further. Considering data from situations where USLM advanced for three days, in 249 of 337 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where USLM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 58%.
USLM broke above its upper Bollinger Band on November 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for USLM entered a downward trend on October 23, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 32 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 70, placing this stock better than average.
The Tickeron Seasonality Score of 33 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 42 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 45 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 46 (best 1 - 100 worst), indicating steady price growth. USLM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 79 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: USLM's P/B Ratio (4.991) is slightly higher than the industry average of (2.632). P/E Ratio (25.808) is within average values for comparable stocks, (21.552). Projected Growth (PEG Ratio) (0.750) is also within normal values, averaging (0.876). Dividend Yield (0.002) settles around the average of (0.048) among similar stocks. USLM's P/S Ratio (8.718) is very high in comparison to the industry average of (2.242).
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General Information
a company which engages in the manufacture and sale of lime and limestone products
Industry ConstructionMaterials
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