-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PCUqKpUOarEB6hwyp0Y1T3yojXb0l5Bj2vWjJd+mmJWzEb8Mv3xPMgizHaQiLe/Y eS5hBuDztAo8z+20Zq/gIw== 0000950134-03-007048.txt : 20030502 0000950134-03-007048.hdr.sgml : 20030502 20030502150728 ACCESSION NUMBER: 0000950134-03-007048 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030501 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED STATES LIME & MINERALS INC CENTRAL INDEX KEY: 0000082020 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 750789226 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04197 FILM NUMBER: 03679491 BUSINESS ADDRESS: STREET 1: 13800 MONTFORT DR STREET 2: SUITE 330 CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 9729918400 MAIL ADDRESS: STREET 1: 13800 MONTDORT DR STREET 2: SUITE 330 CITY: DALLAS STATE: TX ZIP: 75240 FORMER COMPANY: FORMER CONFORMED NAME: RANGAIRE CORP DATE OF NAME CHANGE: 19900405 FORMER COMPANY: FORMER CONFORMED NAME: ROBERTS MANUFACTURING CO INC DATE OF NAME CHANGE: 19690311 FORMER COMPANY: FORMER CONFORMED NAME: SCOTTISH HERITABLE INC DATE OF NAME CHANGE: 19920703 8-K 1 d05425e8vk.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) MAY 1, 2003 UNITED STATES LIME & MINERALS, INC. (Exact Name of Registrant as Specified in Charter) TEXAS 0-4197 75-0789226 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer Identification No.) incorporation or organization) 13800 MONTFORT DRIVE, SUITE 330, DALLAS, TEXAS 75240 (Address of principal executive offices) (Zip Code)
(972) 991-8400 (Registrant's Telephone Number, Including Area Code) (Former Name or Former Address, if Changed Since Last Report) Item 7. Exhibits
Exhibit Number Exhibit - ------- ------- 99.1 News Release of United States Lime & Minerals, Inc. dated May 1, 2003
ITEM 9. REGULATION FD DISCLOSURE (INFORMATION FURNISHED PURSUANT TO ITEM 12, "DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION"). The following information is furnished pursuant to Item 9, Regulation Disclosure" and Item 12, "Disclosure of Results of Operations and Financial Condition." On May 1, 2003, United States Lime & Minerals, Inc. issued a News Release announcing the financial results for the quarter ended March 31, 2003. A copy of the News Release is attached hereto as Exhibit 99.1 and hereby incorporated by reference. The information in this Form 8-K is being furnished under Item 9 and Item 12 and shall not be "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934 (the "Act"), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Act, except as shall be expressly set forth by specific reference in such a filing. 1 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, United States Lime & Minerals, Inc. has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: May 2, 2003 UNITED STATES LIME & MINERALS, INC. By: /s/ M. Michael Owens ---------------------------------------------- M. Michael Owens, Vice President and Chief Financial Officer 2 EXHIBIT INDEX
Exhibit Number Exhibit - ------- ------- 99.1 News Release of United States Lime & Minerals, Inc. dated May 1, 2003
EX-99.1 3 d05425exv99w1.txt PRESS RELEASE EXHIBIT 99.1 (UNITED STATES LIME & MINERALS LOGO) UNITED STATES LIME & MINERALS, INC. - NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Timothy W. Byrne (972) 991-8400 UNITED STATES LIME & MINERALS REPORTS FIRST QUARTER 2003 RESULTS AND DECLARES DIVIDEND Dallas, Texas, May 1, 2003 - United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported first quarter 2003 results: The Company reported a net loss of $271,000 ($0.05 per share) in the first quarter 2003, compared to a net loss of $471,000 ($0.08 per share) in the first quarter 2002. Revenues increased by 6.4% to $9,556,000 compared to $8,977,000 for the prior year period. The Company's gross profit was $1,749,000 for the first quarter 2003, compared to $1,837,000 for the first quarter 2002, a 4.8% decrease. The gross profit decline was primarily due to increased natural gas costs. Also, a winter ice storm in Texas caused the loss of approximately two days of sales and a natural gas curtailment to the Company's Texas plant that resulted in reduced production levels. "Although natural gas prices have declined from their highs during the quarter, they continue to exceed 2002 price levels," Timothy W. Byrne, President and Chief Executive Officer, commented. "In response to the increase in natural gas prices, we implemented natural gas surcharges on our pulverized limestone products in early March that offset a portion of our increased natural gas costs. Due to lower domestic inventories of natural gas, we expect prices to remain higher than in the previous year. Therefore, we intend to continue the natural gas surcharges on pulverized limestone products in a continued effort to offset most of the increased costs." In addition, the Company announced that the Board of Directors today declared its regular quarterly cash dividend of $0.025 (2 1/2 cents) per share, payable on June 17, 2003, to shareholders of record at the close of business on June 2, 2003. United States Lime & Minerals, Inc. is a Nasdaq-listed public company with headquarters in Dallas, Texas, supplying lime and limestone products primarily to the steel, paper, agriculture, environmental protection and construction industries from plants situated in Texas, Arkansas and Colorado. Any statements contained in this news release that are not statements of historical fact are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to publicly update or revise any forward-looking statements, and investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from expectations, including without limitation those risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission. (Tables Follow) United States Lime & Minerals, Inc. Condensed Consolidated Financial Data (In thousands, except per share amounts) (Unaudited)
Quarter Ended March 31, ------------------------ 2003 2002 ---------- ---------- INCOME STATEMENTS Revenues $ 9,556 8,977 ---------- ---------- Gross profit $ 1,749 1,837 ---------- ---------- Operating profit $ 690 879 Interest expense 1,021 1,114 Other (income), net (12) 378 Income tax expense (benefit) (48) (142) ---------- ---------- Net Loss $ (271) (471) ========== ========== Loss per share of common stock: Basic $ (0.05) (0.08) Diluted $ (0.05) (0.08) Weighted average shares outstanding: Basic 5,800 5,800 Diluted 5,800 5,800
MARCH 31, December 31, 2003 2002 ---------- ------------ BALANCE SHEETS ASSETS: Current assets $ 12,410 10,472 Property, plant and equipment, net 70,627 70,406 Deferred tax assets, net 2,359 2,359 Other assets 1,240 1,282 ---------- ---------- Total assets $ 86,636 84,519 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY: Current liabilities $ 11,335 7,958 Long-term debt, excluding current installments 36,667 37,500 Other liabilities 745 755 Stockholders' equity 37,889 38,306 ---------- ---------- Total liabilities and stockholders' equity $ 86,636 84,519 ========== ==========
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