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 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 A webcast of the conference will be available on LSB's website, with an archived version accessible for 90 days.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.