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) January 30, 2004

UNITED STATES LIME & MINERALS, INC.

(Exact Name of Registrant as Specified in Charter)

TEXAS
(State or other jurisdiction of
incorporation or organization) 0-4197
(Commission File Number) 75-0789226
(I.R.S. Employer Identification No.)

13800 MONTFORT DRIVE, SUITE 330, DALLAS, TEXAS
(Address of principal executive offices) 75240
(Zip Code)

(972) 991-8400
(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

TABLE OF CONTENTS

	ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
	ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
SIGNATURES
EX-99.1 News Release

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

     (c) Exhibits

Exhibit
Number	Exhibit
99.1	News Release of United States Lime & Minerals, Inc. dated January 30, 2004

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

     On January 30, 2004, United States Lime & Minerals, Inc. issued a News Release announcing the financial results for the quarter and year ended December 31, 2003. A copy of the News Release is attached hereto as Exhibit 99.1.

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: February 2, 2004	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 January 30, 2004

3 EX-99.1 3 d12311exv99w1.htm EX-99.1 NEWS RELEASE

Exhibit 99.1

UNITED STATES LIME & MINERALS, INC. — NEWS RELEASE

FOR IMMEDIATE RELEASE Contact: Timothy W. Byrne
(972) 991-8400

UNITED STATES LIME & MINERALS REPORTS
2003 FOURTH QUARTER AND FULL-YEAR RESULTS

     Dallas, Texas, January 30, 2004 — United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported fourth quarter and full-year 2003 results. The Company reported net income of $677,000 ($0.12 per share) in the fourth quarter ended December 31, 2003 compared to net income of $5,000 ($0.00 per share) in the fourth quarter 2002. For the year, the Company reported net income of $3,860,000 ($0.67 per share), compared to net income of $636,000 ($0.11 per share) for 2002.

     Fourth quarter 2003 revenues increased by 29.7% to $11,322,000, compared to $8,728,000 in the prior year quarter. For the year ended December 31, 2003, revenues were $45,256,000, an increase of 15.6% compared to $39,162,000 for the same period 2002. The Company’s gross profit was $3,466,000 for the fourth quarter 2003, compared to $1,951,000 for the fourth quarter 2002. For the year, gross profit was $13,062,000, compared to $9,508,000 for 2002. “We are pleased with our overall improved operating results this quarter and year compared to last year,” said Timothy W. Byrne, President and Chief Executive Officer. Mr. Byrne added, “We currently anticipate completion of the second kiln and associated storage facility at our Arkansas plant by the end of the first quarter 2004.”

     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						Year Ended
		December 31,						December 31,
INCOME STATEMENTS		2003			2002			2003			2002
Revenues		$	11,322		$	8,728			45,256			39,162
Operating profit			2,213			938			8,574			5,539
Interest expense			1,261			1,042			4,577			4,329
Other expenses (income)			(98	)		(32	)		(807	)		539
Income tax expense (benefit)			374			(77	)		944			35
Net income		$	676			5			3,860			636
Net income per share of common stock:
	Basic	$	0.12			0.00			0.67			0.11
	Diluted	$	0.12			0.00			0.67			0.11
Weighted average shares outstanding:
	Basic		5,808			5,800			5,803			5,800
	Diluted		5,887			5,800			5,826			5,800

			At December 31,
BALANCE SHEETS			2003		2002
Assets:
	Current assets		$	18,830		10,472
	Property, plant and equipment, net			77,128		70,406
	Deferred tax asset, net			1,899		2,359
	Other assets			1,550		1,282
		Total assets	$	99,407		84,519
Liabilities and Stockholders’ Equity:
	Current liabilities		$	8,662		7,958
	Debt, excluding current installments			47,886		37,500
	Other liabilities			899		755
	Stockholders’ equity			41,960		38,306
		Total liabilities and stockholders’ equity	$	99,407		84,519

- end -

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EX-99.1

exv99w1