United States Lime & Minerals's biggest risks in the FY2024 10-K
- Demand for lime and limestone is threatened by the retirement of coal-fired utility plants.
The risks most specific to United States Lime & Minerals
- Industry Risks
Our operations are affected by general economic conditions in the United States and specific economic conditions in particular industries
Demand for lime and limestone products from utility customers has decreased due to the continuing retirement of coal-fired utility plants.
- Industry Risks
Our mining and other operations are subject to operating risks that are beyond our control, which could result in materially increased operating expenses and decreased production and shipment levels that could materially adversely affect our operations and their profitability
Open-pit and underground mining operations face disruptions and increased operating costs from uncontrollable factors.
- Business and Financial Risks
We quote our lime and limestone products on a delivered price basis to certain customers, which requires us to estimate future delivery costs. Our actual delivery costs may exceed these estimates, which would reduce our profitability
Diesel price increases create freight surcharges that cannot be passed on to customers paying quoted delivered prices.
- Business and Financial Risks
To maintain our competitive position in the lime and limestone industry, we may need to continue to increase the efficiency of our operations, expand production capacity, and sell any resulting increased production at acceptable prices
The new kiln project at Texas Lime and future expansions carry risks that increased production cannot be sold at acceptable prices.
- Business and Financial Risks
Our operations are subject to general and industry specific regulations. Changes to the regulatory environment could increase our cost of compliance and adversely impact our financial condition, results of operations, cash flows, and competitive position
Government actions to restrict oil and gas drilling, reduce coal use, or regulate the lime industry could increase compliance costs.
- Business and Financial Risks
Our operations are subject to various mine safety and reclamation and remediation obligations
Mining operations are subject to strict liability under the Mine Act, allowing MSHA to issue citations and orders without fault.
All 10 risk factors
Headings as the filing states them, in filing order.
Industry Risks
- 01Our operations are affected by general economic conditions in the United States and specific economic conditions in particular industries
- 02Our mining and other operations are subject to operating risks that are beyond our control, which could result in materially increased operating expenses and decreased production and shipment levels that could materially adversely affect our operations and their profitability
- 03The lime and limestone industry is highly regionalized and competitive
Business and Financial Risks
- 04We quote our lime and limestone products on a delivered price basis to certain customers, which requires us to estimate future delivery costs. Our actual delivery costs may exceed these estimates, which would reduce our profitability
- 05To maintain our competitive position in the lime and limestone industry, we may need to continue to increase the efficiency of our operations, expand production capacity, and sell any resulting increased production at acceptable prices
- 06We may be limited in our ability to insure against certain risk of our operations
- 07We may be adversely affected by any disruption in, or failure of, our information technology systems, including due to cybersecurity risks and incidents
- 08Our financial condition, results of operations, cash flows, and competitive position could be materially adversely impacted by pandemics, epidemics, or disease outbreaks
- 09Our operations are subject to general and industry specific regulations. Changes to the regulatory environment could increase our cost of compliance and adversely impact our financial condition, results of operations, cash flows, and competitive position
- 10Our operations are subject to various mine safety and reclamation and remediation obligations
Other United States Lime & Minerals 10-Ks
- FY2025 10-K risk factors10 risks1 new1 dropped3 reworded
USLM updated risks to reflect regulatory uncertainty from state and federal governments impacting lime and limestone demand. The company added specific mention of new market entrants following recent lime price increases. Demand risks now cite the shift away from coal-fired utility plants and changing data center construction growth.
Filed Feb 26, 2026
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.