Filing Flows › United States Lime & Minerals (USLM) › Q2 2025
United States Lime & Minerals (USLM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
United States Lime & Minerals (USLM) reported revenue of $91.5M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +0.3% from the quarter before. Operating margin was 39.0%, net earnings $30.8M (33.7% of revenue).
United States Lime & Minerals, Q2 2025: revenue $91.5M (+20% year over year), operating margin 39.0%, net earnings $30.8M, operating cash flow $34.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $91.5M | +0.3% | +20% |
| Gross profit | $41.9M | -9% | +20% |
| Operating profit | $35.7M | -11% | +19% |
| Net earnings | $30.8M | -10% | +18% |
| Operating cash flow | $34.0M | -14% | +61% |
| Free cash flow | $20.8M | -16% | +24% |
What changed
Revenue was $91.5M in Q2 2025, up 20% year over year and roughly flat from the previous quarter.
Gross margin was 45.8%, up 0.3 points from a year earlier. Operating profit was $35.7M, a 39.0% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, below the 39% margin then. Operating expenses grew 27% against revenue growth of 20%. Net earnings were $30.8M, up 18% year over year. The effective tax rate was 20.5%.
Operating cash flow was $34.0M (up 61% year over year), 110% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $5.0M. Capital expenditures of $13.3M left free cash flow of $20.8M.
Questions
What was United States Lime & Minerals' revenue in the second quarter 2025?
United States Lime & Minerals (USLM) reported revenue of $91.5M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +0.3% from the quarter before.
Was United States Lime & Minerals profitable in the second quarter 2025?
Operating profit was $35.7M (39.0% of revenue) and net earnings $30.8M.