United States Lime & Minerals(US:USLM)2024-07-31 21:02Financial Performance - Revenues for Q2 2024 were $76.5 million, a 3.5% increase from $74.0 million in Q2 2023[1] - Gross profit for Q2 2024 was $34.8 million, reflecting a 28.3% increase from $27.1 million in Q2 2023[1] - Net income for Q2 2024 was $26.1 million ($0.91 per diluted share), up 32.2% from $19.7 million ($0.69 per diluted share) in Q2 2023[1] - Lime and limestone revenues in Q2 2024 were $76.3 million, a 3.5% increase from $73.7 million in Q2 2023[1] Expenses - SG&A expenses increased to $4.9 million in Q2 2024, a 13.0% rise from $4.3 million in Q2 2023[1] - Other (income) expense, net was $2.8 million in Q2 2024, compared to $1.8 million in Q2 2023, an increase of $1.0 million[1] Assets and Dividends - Total assets as of June 30, 2024, were $484.2 million, up from $440.6 million at the end of 2023[1] - The company declared a quarterly cash dividend of $0.05 per share, payable on September 13, 2024[3] Market Conditions - The company experienced reduced demand from construction customers due to adverse weather conditions[1] Corporate Actions - A 5-for-1 stock split was executed on July 12, 2024, affecting all share and per share information[2]