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 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.
LSB Industries, Inc. (NYSE: LXU) announced that President & CEO Mark Behrman will host virtual investor meetings at the UBS Chicago Virtual Agricultural & Industrial Chemicals Conference on December 10, 2020, starting at 9:00 am ET. Behrman will be available for one-on-one meetings throughout the day. Investors interested in scheduling a meeting should contact their UBS institutional sales representative or Fred Buonocore at fbuonocore@equityny.com. LSB specializes in manufacturing and selling chemical products for agricultural, mining, and industrial markets, operating multiple facilities across the U.S.
LSB Industries, Inc. (NYSE: LXU) announced that President & CEO Mark Behrman will participate in a fireside chat at the Bank of America Merrill Lynch Leveraged Finance Conference on November 30, 2020, at 9:45 am ET. Attendees can schedule one-on-one meetings with Mr. Behrman through Bank of America representatives. A live webcast of the chat will be available in the Investors section of the Company’s website, with an archived recording accessible afterward. LSB manufactures chemical products for various industries, operating facilities in multiple states.
LSB Industries, Inc. (NYSE: LXU) announced that its Executive Vice President & CFO, Cheryl Maguire, will participate in a fireside chat at the Sidoti Virtual Microcap Conference on November 19, 2020, at 1:00 PM ET. She will also be available for one-on-one meetings throughout the day. Investors can access a live webcast of the discussion on the company’s website, with an archived recording available afterward. LSB Industries manufactures and sells chemical products across various sectors, operating facilities in multiple U.S. states.
LSB Industries (NYSE: LXU) reported a net loss of $20.4 million for Q3 2020, despite net sales increasing by 12% to $74 million due to stronger sales volumes. Adjusted EBITDA stood at $10.2 million, affected by a $10.4 million decline from weaker pricing. Fertilizer sales volumes rose 19%, with UAN sales up 33%. The company signed a 7-year contract for 70,000-100,000 tons of nitric acid annually, and cash flow from operations reached approximately $25 million. However, the oversupply of ammonia continues to pressure pricing across markets.