Welcome to our dedicated page for LSB Industries news (Ticker: LXU), a resource for investors and traders seeking the latest updates and insights on LSB Industries stock.
News and updates for LSB Industries, Inc. (NYSE: LXU) focus on its role as a manufacturer of ammonia and ammonia-related products for agricultural, industrial and mining end markets. Company press releases and Form 8-K filings provide regular visibility into operating results, market conditions and progress on low and no carbon initiatives.
LSB frequently reports its quarterly financial performance, including net sales, product sales by category such as ammonia, urea ammonium nitrate (UAN), ammonium nitrate (AN) and nitric acid, key product volumes, average selling prices and input costs like natural gas. These earnings releases are often paired with conference call announcements and investor presentations, which are referenced in the company’s SEC filings.
Beyond earnings, LXU news highlights participation in investor and industry conferences, including industrials, materials, energy transition and decarbonization events. The company also issues updates on its El Dorado Carbon Capture and Sequestration project with Lapis Carbon Solutions, its efforts to produce low carbon ammonia and ammonia-based products, and recognition such as verified ammonia carbon intensity pre-certification at its El Dorado facility.
Corporate governance developments, such as appointments to the Board of Directors, and commentary on market dynamics in agricultural, industrial and mining end markets also appear in LSB’s news flow. Investors and observers can use this news page to follow LXU’s reported performance, strategic projects related to low and no carbon products, and management’s views on fertilizer, industrial chemical and mining-related demand.
LSB Industries, Inc. (NYSE:LXU) has appointed Fred Buonocore as Vice President of Investor Relations, effective September 7, 2021. Buonocore will enhance communication with the investment community, focusing on building relationships with investors and conveying the company's ESG strategies. CEO Mark Behrman expressed confidence in Buonocore’s experience, highlighting ongoing improvements in operations and capital structure. The new investor relations program aims to boost shareholder value by sharing LSB's story more effectively with the broader investment community.
LSB Industries, Inc. (NYSE: LXU) has declared a special stock dividend of 0.3 shares for each outstanding share, payable on October 8, 2021, to holders of record as of September 24, 2021. This dividend is contingent upon the closing of an exchange agreement with LSB Funding LLC. The special meeting for stockholder approval is scheduled for September 22, 2021. The ex-dividend date is October 12, 2021.
LSB Industries has scheduled a special meeting on
LSB Industries (NYSE: LXU) reported a significant financial performance for Q2 2021, with net sales soaring to $140.7 million, up 34% from $105 million in Q2 2020. Adjusted EBITDA reached a record $46 million, marking a 60% increase year-over-year. The company highlighted robust demand in agricultural and industrial sectors, despite challenges from winter storms and wet weather impacting production. LSB initiated a preferred stock exchange to lower capital costs and enhance growth opportunities. Total liquidity stood at $68 million.
LSB Industries, Inc. (NYSE: LXU) has signed an Exchange Agreement with LSB Funding LLC to convert approximately $300 million of its preferred stock into common stock at an exchange price of $6.16. Common stockholders will receive a special dividend of 0.30 shares per share owned. This action is expected to improve the company's financial flexibility, reduce cash interest expenses, and preserve $620 million in federal net operating losses. The transaction aims to unlock shareholder value and facilitate organic growth and M&A opportunities.
LSB Industries, Inc. (NYSE: LXU) will release its financial results for Q2 2021 on July 28, 2021, after market close. A conference call will be held on July 29, 2021, at 10:00 am ET to discuss the results, featuring CEO Mark Behrman and CFO Cheryl Maguire. Interested participants can join by calling (201) 493-6739. Additionally, a slide presentation will be available on LSB's website before the call. LSB Industries manufactures chemical products for various markets and operates multiple facilities across the U.S., providing key insights into their business performance.
LSB Industries, Inc. (NYSE: LXU) announced participation in several upcoming conferences. Key executives, including President & CEO Mark Behrman and EVP & CFO Cheryl Maguire, will attend the Goldman Sachs Credit and Leveraged Finance Conference on May 17, Sidoti Microcap Conference on May 20, KeyBanc Capital Markets Industrials & Basic Materials Conference on June 4, and Stifel Cross Sector Insight Conference on June 9. Meetings will be by appointment only, and presentations will be available on the company’s website.
About LSB Industries: LSB manufactures chemical products for agricultural, mining, and industrial markets.
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.