USLMMEDIUM SIGNALOPERATIONAL10-K

USLM significantly expanded operations with meaningfully higher limestone production volumes and strong financial performance across key metrics.

The company showed robust operational execution with limestone production increasing to 4.7 million tons from 3.9 million tons, driven primarily by substantial increases at Love Hollow Quarry. The simplified business description removing references to natural gas as a separate segment suggests management is focusing on their core lime and limestone operations as the primary value driver.

Comparing 2026-02-26 vs 2025-02-27View on EDGAR →
FINANCIAL ANALYSIS

USLM delivered strong financial results with gross profit growing over 25% alongside similar increases in operating income and cash flow generation. The balance sheet strengthened considerably with cash increasing by over $90 million to $371 million while stockholders' equity expanded by nearly 27%. The increases in current liabilities and SG&A expenses appear proportional to the business growth and don't signal any concerning trends.

FINANCIAL STATEMENT CHANGES
Current Liabilities
Balance Sheet
+39.3%
$17.0M$23.6M

Current liabilities surged 39.3% — significant near-term obligations; verify ability to meet short-term debt.

Cash & Equivalents
Balance Sheet
+33.5%
$278.0M$371.1M

Cash position surged 33.5% — strong cash generation or capital raise providing significant financial cushion.

Operating Cash Flow
Cash Flow
+30.9%
$126.0M$165.0M

Operating cash flow surged 30.9% — exceptional cash generation, highest quality earnings signal.

SG&A Expense
P&L
+28.8%
$19.1M$24.5M

SG&A increased modestly — likely reflects growth-related hiring or sales expansion investment.

Current Assets
Balance Sheet
+28.3%
$354.8M$455.3M

Current assets grew 28.3% — improving short-term liquidity or inventory/receivables build.

Gross Profit
P&L
+26.7%
$144.0M$182.4M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Stockholders Equity
Balance Sheet
+26.7%
$497.7M$630.8M

Equity base grew 26.7% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Operating Income
P&L
+26.4%
$124.9M$157.9M

Operating income improving — cost discipline or growing revenue base absorbing fixed costs.

Total Assets
Balance Sheet
+25.4%
$543.2M$681.0M

Asset base grew 25.4% — expansion through organic growth, acquisitions, or capital deployment.

Share Buybacks
Cash Flow
-23.6%
$3.5M$2.7M

Buyback activity reduced 23.6% — capital being redeployed elsewhere or cash conservation underway.

LANGUAGE CHANGES
NEW — 2026-02-26
PRIOR — 2025-02-27
ADDED
(the Company, the Registrant, We or Our ), which was incorporated in 1950, conducts lime and limestone operations.
Lime Company-O G, LLC, has royalty and non-operated working interests in natural gas wells located in Johnson County, Texas, in the Barnett Shale Formation.
Sales were made primarily by the Company s nine sales employees who call on current and potential customers and solicit orders, which are generally made on a purchase-order basis.
All of the Company s 2025 sales were made within the United States.
The following table shows annual mined tons of limestone (in thousands) at the Company s mining properties for the years ended December 31, 2025, 2024, and 2023: Tons Mined (in thousands of tons) Mine/Location 2025 2024 2023 Texas Lime Quarry 1,480 1,450 1,575 Batesville Quarry 709 601 785 Love Hollow Quarry 941 413 266 St.
+7 more — sign up free →
REMOVED
(the Company, the Registrant, We or Our ), which was incorporated in 1950, conducts its business primarily through its lime and limestone operations.
The Company also has natural gas interests with respect to oil and gas rights in Johnson County, Texas.
In 2024, the Company determined that the activities of its natural gas interests did not meet the definition of an operating segment and has updated the disclosures in this Form 10-K accordingly.
Disclosures for the years ended December 31, 2023 and 2022 have been recast to be consistent with the current year presentation.
See Note 9 of the Notes to Consolidated Financial Statements in Item 8 of this Report on Form 10-K.
+7 more — sign up free →
MORE OPERATIONAL SIGNALS
NVDAHIGHNVIDIA has repositioned itself from a "full-stack computing infrastructure compa...
2026-02-25
NVDAHIGHNVIDIA has repositioned itself from a "full-stack computing infrastructure compa...
2026-02-25
NOWHIGHServiceNow has fundamentally repositioned itself as an AI-first platform company...
2026-01-29
TSLAHIGHTesla has fundamentally repositioned itself from an electric vehicle company to ...
2026-01-29
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →