LSB Industries Stock Price, News & Analysis

LSB Industries (LXU) reported robust first-quarter results with net sales of $98.1 million, an 18% increase compared to $83.4 million in Q1 2020. Adjusted EBITDA rose to $17.3 million, up from $15.6 million. The company commenced sales under a seven-year nitric acid offtake agreement, enhancing its liquidity to approximately $56.0 million. Despite weather-related shutdowns, the agricultural segment surged by 8% due to improved pricing and volumes. LSB is also pursuing a green ammonia strategy, marking potential future growth.

LSB Industries, Inc. (NYSE:LXU) announced the appointment of Hector Miravete as the Director of Clean Energy, effective May 3, 2021. This role is pivotal in spearheading the Company's Green Ammonia initiative, aimed at reducing carbon emissions. Miravete brings over 20 years of experience in the petrochemical sector, notably from KBR and Dow Chemical. The Green Ammonia project seeks to utilize renewable resources, offering zero CO₂ emissions, with applications in agriculture, maritime fuel, energy generation, and more.

LSB Industries, Inc. (NYSE: LXU) will release its financial results for Q1 ended March 31, 2021, on April 28, 2021, after market close. A conference call is scheduled for April 29, 2021, at 10:00 AM ET, featuring CEO Mark Behrman and CFO Cheryl Maguire. Participants can join the call by dialing (201) 493-6739 and accessing a slide presentation at www.lsbindustries.com. The call will be archived for 90 days for those unable to listen live.

LSB Industries reported its fourth quarter and full year 2020 results with net sales of $88.9 million, a 31% increase year-over-year. Adjusted EBITDA stood at $10.4 million, reflecting a record production of ammonia and UAN at 827,000 tons and 501,000 tons, respectively. Despite a 11% pricing decline, the company experienced a 64% increase in fertilizer sales volumes. Total liquidity reached approximately $58 million. The CEO emphasized expectations for improved financial results in 2021, spurred by rising fertilizer prices and recovery in industrial demand.

LSB Industries, Inc. (NYSE: LXU) has begun the phased restart of its Pryor, OK facility after it was temporarily shut down due to extreme cold weather and elevated natural gas prices. With the restoration of natural gas supply, production is expected to return to pre-shutdown levels soon. Additionally, the El Dorado, AR facility is ramping up production after a force majeure claim was lifted. The Cherokee, AL facility operated normally throughout February. LSB manufactures chemical products for various markets across the U.S.

LSB Industries (NYSE: LXU) has temporarily shut down its Pryor, OK facility due to a surge in natural gas prices caused by extreme cold weather. The local pipeline operator has restricted gas supply to commercial customers, impacting LSB's operations. While the company does not foresee a material effect on its Q1 2021 results, prolonged elevated natural gas prices or constrained availability could significantly affect financial outcomes. LSB Industries manufactures chemical products serving agriculture, mining, and industrial sectors.

LSB Industries, Inc. (NYSE: LXU) will release its fourth quarter financial results for 2020 on February 24, 2021, after market close. A conference call is scheduled for February 25, 2021, at 10:00 am ET, featuring President & CEO Mark Behrman and CFO Cheryl Maguire. Participants can join by calling (201) 493-6739. The call will also be available via webcast on the company’s website, with an archived recording accessible for 90 days following the event. LSB specializes in manufacturing chemical products for various markets across the United States.

LSB Industries, Inc. (NYSE: LXU) announced that President & CEO Mark Behrman will attend Morgan Stanley's Virtual Chemicals, Agriculture, and Packaging Corporate Access Day on February 11, 2021, starting at 9:00 am EDT. Behrman will conduct one-on-one meetings throughout the day, available by appointment. A presentation will be accessible on the company's website on the same date, under the 'Investors' section. LSB manufactures chemical products across various sectors and operates multiple facilities in the U.S.

LSB Industries, Inc. (NYSE:LXU) announced the appointment of Damien Renwick as Chief Commercial Officer, effective January 11, 2021. This role aims to lead the company's commercial activities, including sales, marketing, logistics, and customer service. President and CEO Mark Behrman expressed confidence in Renwick's extensive experience to enhance profitability and shareholder value. Renwick has over 17 years in the chemical industry, previously serving in senior roles at Cyanco and Wesfarmers Limited.