What caused the changes in USLM's EPS in 2024?
4/10/2025 04:49pm
The EPS for United States Lime & Minerals Inc (USLM) in 2024 is not available, as indicated by the search results. However, the company's financial performance in 2024 was marked by significant improvements in revenues, gross profit, and net income, which may provide insights into the factors influencing the company's profitability.
1. **Revenue Growth**: The company reported a 21.9% rise in fourth-quarter revenues to $80.1 million and a 12.9% increase in full-year revenues to $317.7 million. This growth was driven by higher selling prices and increased sales volumes, particularly to the construction, environmental, and industrial sectors.
2. **Gross Profit Increase**: The gross profit for the fourth quarter surged by 50.2% to $35.4 million, and the annual gross profit increased by 40.0% to $144.0 million. This indicates effective pricing strategies and cost control, which likely contributed to the company's improved profitability.
3. **Net Income Growth**: The net income for the fourth quarter increased by 58.8% to $25.5 million, and for the full year, it rose by 46.0% to $108.8 million. This substantial growth in net income reflects the company's diversified customer base and strategic market positioning, which helped to mitigate the impact of challenges in the construction sector.
In conclusion, the changes in USLM's EPS in 2024 were likely caused by a combination of factors, including revenue growth, gross profit increase, and net income growth. The company's strategic pricing, cost management, and diversification of customer base were key factors in its strong financial performance.