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LSB Industries, Inc. reports developments in its ammonia and ammonia-related chemical business for agricultural, industrial and mining end markets. The company manufactures ammonia, ammonium nitrate, nitric acid and urea ammonium nitrate, with facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and an operated facility in Baytown, Texas.
Recurring news covers quarterly operating results, product sales by AN and nitric acid, UAN and ammonia, market conditions for fertilizer and mining explosives, product-volume outlooks, investor conference participation and board governance changes. Company updates also discuss demand drivers such as corn fertilizer application, copper and gold mining activity, industrial nitric acid demand and North American ammonium nitrate supply conditions.
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.
LSB Industries, Inc. (NYSE: LXU) announced that Cheryl Maguire, Executive Vice President & CFO, will participate in a fireside chat at the Morgan Stanley Global Chemicals, Agriculture, and Packaging Virtual Conference on November 10, 2020, at 1:30 PM ET. The event will include opportunities for one-on-one meetings throughout the day. A live webcast of the presentation will be available on the company's website, with an archived recording accessible afterward. LSB Industries manufactures chemical products for various markets and operates multiple facilities across the United States.
LSB Industries, Inc. (NYSE: LXU) announced the release of its third-quarter financial results for the period ending September 30, 2020, scheduled for November 5, 2020, post-market close. A conference call led by CEO Mark Behrman and CFO Cheryl Maguire will follow on November 6, 2020, at 10:00 AM ET. Participants can join by calling (201) 493-6739. A webcast of the conference will be available on LSB's website, with an archived version accessible for 90 days. LSB specializes in manufacturing chemical products for various markets, operating multiple facilities across the United States.
LSB Industries, Inc. (NYSE: LXU) has secured a long-term nitric acid supply contract with a key customer, committing to deliver 70,000 to 100,000 tons annually starting Q1 2021. This agreement is strategic for LSB, as it aims to optimize the underutilized nitric acid production capacity at its El Dorado facility. Coupled with previous CO2 and LDAN agreements and a new fertilizer storage facility completed in April, these initiatives are projected to significantly enhance annual EBITDA.