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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950134-03-007048.txt : 20030502
<SEC-HEADER>0000950134-03-007048.hdr.sgml : 20030502
<ACCEPTANCE-DATETIME>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
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d05425e8vk.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>

                       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)


<Table>
<S>                                  <C>                         <C>
             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)
</Table>



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


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




<PAGE>
Item 7. Exhibits

<Table>
<Caption>
Exhibit
Number    Exhibit
- -------   -------
<S>       <C>
 99.1     News Release of United States Lime & Minerals, Inc. dated May 1, 2003
</Table>

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


<PAGE>


                                   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


<PAGE>



                                  EXHIBIT INDEX


<Table>
<Caption>
Exhibit
Number     Exhibit
- -------    -------
<S>        <C>
99.1       News Release of United States Lime & Minerals, Inc. dated May 1, 2003
</Table>




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d05425exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>

                                                                    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)


<PAGE>


                       United States Lime & Minerals, Inc.

                      Condensed Consolidated Financial Data
                    (In thousands, except per share amounts)
                                   (Unaudited)



<Table>
<Caption>
                                                     Quarter Ended
                                                       March 31,
                                               ------------------------
                                                  2003          2002
                                               ----------    ----------
<S>                                            <C>           <C>
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
</Table>

<Table>
<Caption>
                                                      MARCH 31,  December 31,
                                                        2003         2002
                                                     ----------  ------------
<S>                                                  <C>         <C>
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
                                                     ==========   ==========
</Table>


                                     - end -


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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